<SEC-DOCUMENT>0001554855-22-000077.txt : 20220224
<SEC-HEADER>0001554855-22-000077.hdr.sgml : 20220224
<ACCEPTANCE-DATETIME>20220223215859
ACCESSION NUMBER:		0001554855-22-000077
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		13
CONFORMED PERIOD OF REPORT:	20220223
FILED AS OF DATE:		20220224
DATE AS OF CHANGE:		20220223

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ULTRAPAR HOLDINGS INC
		CENTRAL INDEX KEY:			0001094972
		STANDARD INDUSTRIAL CLASSIFICATION:	NATURAL GAS DISTRIBUTION [4924]
		IRS NUMBER:				000000000
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-14950
		FILM NUMBER:		22666272

	BUSINESS ADDRESS:	
		STREET 1:		AV BRIGADERIO LUIZ ANTONIO 1343
		STREET 2:		9 ANDAR SAO PAULO
		CITY:			SP BRAZIL 01350-900
		STATE:			D5
		ZIP:			00000

	MAIL ADDRESS:	
		STREET 1:		CT CORPORATION SYSTEM
		STREET 2:		1633 BROADWAY
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10019
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>MainDocument.htm
<DESCRIPTION>6-K
<TEXT>
<html><body><div><div style="font-family: 'times new roman', times; font-size: 10pt;">
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<p style="margin: 0pt; text-align: center;"><font style="font-family: 26nbvtokfgfhjcu,Bold; font-size: 12.5pt; font-weight: bold;">UNITED STATES</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 26nbvtokfgfhjcu,Bold; font-size: 12.5pt; font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 26nbvtokfgfhjcu,Bold; font-size: 12.5pt; font-weight: bold;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 26nbvtokfgfhjcu,Bold; font-size: 12.5pt; font-weight: bold;">Washington, D.C. 20549</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 26nbvtokfgfhjcu,Bold; font-size: 12.5pt; font-weight: bold;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 26nbvtokfgfhjcu,Bold; font-size: 12.5pt; font-weight: bold;">&nbsp;</font></p>
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<p style="margin: 0pt; text-align: center;"><font style="font-family: 26nbvtokfgfhjcu,Bold; font-size: 15pt; font-weight: bold;">Form 6-K</font></p>
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<p style="margin: 0pt; text-align: center;"><font style="font-family: 26nbvtokfgfhjcu,Bold; font-size: 12.5pt; font-weight: bold;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 26nbvtokfgfhjcu,Bold; font-size: 12.5pt; font-weight: bold;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 26nbvtokfgfhjcu,Bold; font-size: 12.5pt; font-weight: bold;">Report Of Foreign Private Issuer</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 26nbvtokfgfhjcu,Bold; font-size: 12.5pt; font-weight: bold;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 26nbvtokfgfhjcu,Bold; font-size: 12.5pt; font-weight: bold;">Pursuant To Rule 13a-16 Or 15d-16 Of</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 26nbvtokfgfhjcu,Bold; font-size: 12.5pt; font-weight: bold;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 26nbvtokfgfhjcu,Bold; font-size: 12.5pt; font-weight: bold;">The Securities Exchange Act Of 1934</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 02lfl; font-size: 9pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 02lfl; font-size: 9pt;">For the month of</font><font style="font-family: 02lfl; font-size: 9pt;"> </font><font style="font-family: 02lfl; font-size: 9pt;">February</font><font style="font-family: 02lfl; font-size: 9pt;">,</font><font style="font-family: 02lfl; font-size: 9pt;"> 20</font><font style="font-family: 02lfl; font-size: 9pt;">2</font><font style="font-family: 02lfl; font-size: 9pt;">2</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 02lfl; font-size: 9pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 02lfl; font-size: 9pt;">Commission File Number: </font><font style="font-family: 02lfl; font-size: 9pt;">001-14950</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 26nbvtokfgfhjcu,Bold; font-size: 14.5pt; font-weight: bold;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 26nbvtokfgfhjcu,Bold; font-size: 14.5pt; font-weight: bold;">ULTRAPAR HOLDINGS INC.</font></p>
<p style="border-bottom-color: #000000; border-bottom-style: solid; border-bottom-width: 0.5pt; margin: 0pt; padding-bottom: 1pt; text-align: center;"><font style="font-family: 02lfl; font-size: 8pt;">(Translation of Registrant&#8217;s Name into English)</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 33dgm,Bold; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 33dgm,Bold; font-size: 9pt; font-weight: bold;">Brigadeiro Luis Antonio</font><font style="font-family: 33dgm,Bold; font-size: 9pt; font-weight: bold;"> </font><font style="font-family: 33dgm,Bold; font-size: 9pt; font-weight: bold;">Avenue</font><font style="font-family: 33dgm,Bold; font-size: 9pt; font-weight: bold;">, 1343, </font><font style="font-family: 33dgm,Bold; font-size: 9pt; font-weight: bold;">9</font><font style="font-family: 33dgm,Bold; font-size: 6pt; font-weight: bold; vertical-align: super;">th</font><font style="font-family: 33dgm,Bold; font-size: 9pt; font-weight: bold;"> </font><font style="font-family: 33dgm,Bold; font-size: 9pt; font-weight: bold;">Floor</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 33dgm,Bold; font-size: 9pt; font-weight: bold;">S&#227;o Paulo, SP, Brazil 01317-910</font></p>
<p style="border-bottom-color: #000000; border-bottom-style: solid; border-bottom-width: 0.5pt; margin: 0pt; padding-bottom: 1pt; text-align: center;"><font style="font-family: 02lfl; font-size: 8pt;">(Address of Principal Executive Offices)</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 02lfl; font-size: 8pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 02lfl; font-size: 8pt;">Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 02lfl; font-size: 8pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 02lfl; font-size: 9pt;">Form 20-F </font><font style="font-family: 02lfl; font-size: 9pt;">____</font><font style="font-family: 02lfl; font-size: 9pt; text-decoration: underline;">X</font><font style="font-family: 02lfl; font-size: 9pt;">____</font><font style="font-family: 02lfl; font-size: 9pt;"> </font><font style="font-family: 02lfl; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 02lfl; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 02lfl; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 02lfl; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 02lfl; font-size: 9pt;">Form 40-F</font><font style="font-family: 02lfl; font-size: 9pt;"> ________</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 02lfl; font-size: 9pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 02lfl; font-size: 8pt;">Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 02lfl; font-size: 9pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 02lfl; font-size: 9pt;">Yes </font><font style="font-family: 02lfl; font-size: 9pt;">________ </font><font style="font-family: 02lfl; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 02lfl; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 02lfl; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 02lfl; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 02lfl; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 02lfl; font-size: 9pt;">No </font><font style="font-family: 02lfl; font-size: 9pt;">____</font><font style="font-family: 02lfl; font-size: 9pt; text-decoration: underline;">X</font><font style="font-family: 02lfl; font-size: 9pt; text-decoration: underline;">____</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 02lfl; font-size: 9pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 02lfl; font-size: 8pt;">Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 02lfl; font-size: 8pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 02lfl; font-size: 9pt;">Yes </font><font style="font-family: 02lfl; font-size: 9pt;">________ </font><font style="font-family: 02lfl; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 02lfl; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 02lfl; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 02lfl; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 02lfl; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 02lfl; font-size: 9pt;">No </font><font style="font-family: 02lfl; font-size: 9pt;">____</font><font style="font-family: 02lfl; font-size: 9pt; text-decoration: underline;">X</font><font style="font-family: 02lfl; font-size: 9pt; text-decoration: underline;">____</font></p>
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<p style="font-size: 9pt; line-height: 115%; margin: 0pt 0pt 10pt; text-align: center;"><font style="font-family: 02lfl; font-size: 9pt;">&nbsp;</font></p>
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<p style="font-size: 13pt; line-height: 115%; margin: 0pt 0pt 10pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 12pt; font-weight: bold;">ULTRAPAR HOLDINGS INC.</font></p>
<p style="font-size: 13pt; line-height: 115%; margin: 0pt 0pt 10pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 12pt; font-weight: bold;">TABLE OF CONTENTS</font></p>
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<td style="width: 96.6912%; height: 10px;" colspan="2"><font style="font-family: 'times new roman', times; font-size: 10pt;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#" name="TOC"></a></font>
<h4 style="vertical-align: middle; text-align: left;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 12pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration: underline; float: none; display: inline !important;">ITEM</font></h4>
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<td style="width: 5.09527%; padding: 0px 0px 15px 20px; height: 10px; vertical-align: top;" valign="top">1.</td>
<td style="width: 91.5959%; height: 10px; padding: 0px 0px 15px; vertical-align: top;" valign="top"><font style="font-family: 'times new roman', times; font-size: 10pt;"><a href="#BA_DBWBHWFQRK00000000000000000000">Parent&#8217;s Separate and Consolidated Financial Statements for the Year Ended December 31, 2021 and Report on Review of Financial Information</a></font></td>
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<td style="width: 5.09527%; padding: 0px 0px 15px 20px; height: 17px; vertical-align: top;" valign="top">2.</td>
<td style="width: 91.5959%; height: 17px; padding: 0px 0px 15px; vertical-align: top;" valign="top"><font style="font-family: 'times new roman', times; font-size: 10pt;"><a href="#B10101010_V7Q5OIV1GG00000000000000000000">4Q21 and 2021 Earnings Release</a></font></td>
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<td style="width: 5.09527%; padding: 0px 0px 15px 20px; height: 10px; vertical-align: top;" valign="top">3.</td>
<td style="width: 91.5959%; height: 10px; padding: 0px 0px 15px; vertical-align: top;" valign="top"><font style="font-family: 'times new roman', times; font-size: 10pt;"><a href="#B1212_XC2JVIY4B400000000000000000000">Minutes of the Meeting of the Board of Directors of Ultrapar Participa&#231;&#245;es S.A., held on February 23, 2022</a></font></td>
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<td style="width: 5.09527%; padding: 0px 0px 15px 20px; height: 10px; vertical-align: top;" valign="top">4.</td>
<td style="width: 91.5959%; height: 10px; padding: 0px 0px 15px; vertical-align: top;" valign="top"><font style="font-family: 'times new roman', times; font-size: 10pt;"><a href="#BB_TTHWQ5UU0G00000000000000000000">Notice to shareholders</a></font></td>
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<td style="width: 5.09527%; padding: 0px 0px 15px 20px; height: 17px; vertical-align: top;" valign="top">5.</td>
<td style="width: 91.5959%; height: 17px; padding: 0px 0px 15px; vertical-align: top;" valign="top"><font style="font-family: 'times new roman', times; font-size: 10pt;"><a href="#BC_L2N20JR2VK00000000000000000000">Corporate Executive Compensation Policy</a></font></td>
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<p style="margin: 2pt 0pt 0pt; text-align: justify;"><br></p>
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 11pt;">&nbsp;</font></p>
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<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 11pt;">&nbsp;</font></p>
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 11pt;">&nbsp;</font></p>
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<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 11pt; font-style: italic;">&nbsp;</font></p>
<p style="margin: 2pt 0pt 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 11pt; font-style: italic;">(Convenience Translation into English from</font></p>
<p style="margin: 2pt 0pt 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 11pt; font-style: italic;">the Original Previously Issued in Portuguese)</font></p>
<p style="margin: 2pt 0pt 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 22pt; font-weight: bold;">&nbsp;</font></p>
<p style="margin: 2pt 0pt 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 22pt; font-weight: bold;">&nbsp;</font></p>
<p style="margin: 2pt 0pt 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 22pt; font-weight: bold;">Ultrapar Participa&#231;&#245;es S.A</font><font style="font-family: 'Times New Roman'; font-size: 22pt; font-weight: bold;">.</font></p>
<p style="margin: 2pt 0pt 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 18pt;">&nbsp;</font></p>
<p style="margin: 2pt 0pt 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 18pt;">&nbsp;</font></p>
<div style="margin: 2pt 0pt 0pt; text-align: center;"><a style="text-decoration: none; color: rgb(0, 0, 0); cursor: default; outline: none; pointer-events: none;" href="#" name="BA_DBWBHWFQRK00000000000000000000" class="customBookmark"><font style="font-family: 'Times New Roman'; font-size: 18pt; font-style: italic;">Parent&#8217;s Separate and Consolidated</font></a></div>
<p style="margin: 2pt 0pt 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 18pt; font-style: italic;">Financial </font><font style="font-family: 'Times New Roman'; font-size: 18pt; font-style: italic;">Statements for </font><font style="font-family: 'Times New Roman'; font-size: 18pt; font-style: italic;">the </font><font style="font-family: 'Times New Roman'; font-size: 18pt; font-style: italic;">Year</font></p>
<p style="margin: 2pt 0pt 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 18pt; font-style: italic;">Ended </font><font style="font-family: 'Times New Roman'; font-size: 18pt; font-style: italic;">December</font><font style="font-family: 'Times New Roman'; font-size: 18pt; font-style: italic;"> 3</font><font style="font-family: 'Times New Roman'; font-size: 18pt; font-style: italic;">1</font><font style="font-family: 'Times New Roman'; font-size: 18pt; font-style: italic;">, 202</font><font style="font-family: 'Times New Roman'; font-size: 18pt; font-style: italic;">1</font><font style="font-family: 'Times New Roman'; font-size: 18pt; font-style: italic;"> and</font></p>
<p style="margin: 2pt 0pt 0pt; text-align: center;"><font style="font-size: 18pt; font-style: italic;">Independent Auditor&#8217;s Report in the Individual and Consolidated Financial Statements</font></p>
<p style="margin: 2pt 0pt 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 18pt;">&nbsp;</font></p>
<p style="margin: 2pt 0pt 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 18pt;">&nbsp;</font></p>
<p style="margin: 2pt 0pt 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 12pt;">KPMG Auditores Independentes</font></p>
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<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 11pt;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-size: 11pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></p>
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 11pt;">&nbsp;</font></p>
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<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 11pt;">&nbsp;</font></p>
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<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Ultrapar Participa&#231;&#245;es S.A. and</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">Subsidiaries</font></font></p>
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Parent</font><font style="font-family: 'Times New Roman';">&#8217;s Separate</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">and Consolidated </font></font></p>
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Financial </font><font style="font-family: 'Times New Roman';">Statements</font><font style="font-family: 'Times New Roman';"> </font></font></p>
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">For </font><font style="font-family: 'Times New Roman';">the </font><font style="font-family: 'Times New Roman';">Years</font><font style="font-family: 'Times New Roman';"> Ended </font><font style="font-family: 'Times New Roman';">December</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">3</font><font style="font-family: 'Times New Roman';">1</font><font style="font-family: 'Times New Roman';">, 202</font><font style="font-family: 'Times New Roman';">1 and 2020</font></font><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';"><br></font></font></p>
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<h4 style="vertical-align: middle; text-align: left;">Table of Content</h4>
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<td style="padding: 0px 0px 15px; width: 86.6731%; height: 17px;"><a href="#Bj_C6397BE19C00000000000000000000">Independent Auditor&#8217;s Report in the Individual and Consolidated Financial Statements</a></td>
<td style="width: 6.5817%; text-align: center; height: 17px;">1-4</td>
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<td style="padding: 0px 0px 15px; width: 86.6731%; height: 17px;"><a href="#B4_4JQPU3TR3K00000000000000000000">Statements of Financial Position</a></td>
<td style="width: 6.5817%; text-align: center; height: 17px;">5-6</td>
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<td style="padding: 0px 0px 15px; width: 86.6731%; height: 17px;"><a href="#B33_B8AW6OI4S000000000000000000000">Statements of Profit or Loss</a></td>
<td style="width: 6.5817%; text-align: center; height: 17px;">7</td>
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<td style="padding: 0px 0px 15px; width: 86.6731%; height: 17px;"><a href="#B666_7D38SO8FGW00000000000000000000">Statements of Comprehensive Income</a></td>
<td style="width: 6.5817%; text-align: center; height: 17px;">8</td>
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<td style="padding: 0px 0px 15px; width: 86.6731%; height: 17px;"><a href="#B212121_VA60FQG6CG00000000000000000000">Statements of Changes in Equity</a></td>
<td style="width: 6.5817%; text-align: center; height: 17px;">9-10</td>
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<td style="padding: 0px 0px 15px; width: 86.6731%; height: 17px;"><a href="#B565656_PLIK6EOIF400000000000000000000">Statements of Cash Flows &#8211; Indirect Method</a></td>
<td style="width: 6.5817%; text-align: center; height: 17px;">11-12</td>
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<td style="padding: 0px 0px 15px; width: 86.6731%; height: 17px;"><a href="#B545454_5NIOFGL6DS00000000000000000000">Statements of Value Added</a></td>
<td style="width: 6.5817%; text-align: center; height: 17px;">13</td>
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<td style="padding: 0px 0px 15px; width: 86.6731%; height: 17px;"><a href="#BMMMMM_NWSL5XWXJ400000000000000000000">Notes to the Financial Statements</a></td>
<td style="width: 6.5817%; text-align: center; height: 17px;">14-149</td>
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<td style="padding: 0px 0px 15px; width: 86.6731%; height: 10px;"><a href="#BAAR_YKCOB1FFSW00000000000000000000">Annual Report of the Audit and Risk Committee</a></td>
<td style="width: 6.5817%; text-align: center; height: 10px;">150-152</td>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
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<p style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 11pt; line-height: 16.8667px; margin: 2pt 0pt 10pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(Convenience Translation into English from the Original Previously Issued in Portuguese)</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times;"><font lang="PT-BR" style="font-size: 10pt; color: #000000;"><img src="img6f629e2182174d389847.jpg" alt="Graphics"></font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times;"><font lang="PT-BR" style="font-size: 10pt; color: #000000;"><br></font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times;"><font lang="PT-BR" style="font-size: 10pt; color: #000000;">KPMG Auditores Independentes Ltda.</font></font></p>
<p style="margin: 1pt 0cm; line-height: 14pt; text-indent: -0.5pt; font-size: 12pt; font-family: 'Times New Roman', 'serif';"><font style="font-family: 'times new roman', times;"><font lang="PT-BR" style="font-size: 10pt; color: #000000;">Rua Arquiteto Olavo Redig de Campos, 105, 6&#186; andar - Torre A</font></font></p>
<p style="margin: 1pt 0cm; line-height: 14pt; text-indent: -0.5pt; font-size: 12pt; font-family: 'Times New Roman', 'serif';"><font style="font-family: 'times new roman', times;"><font lang="PT-BR" style="font-size: 10pt; color: #000000;">04711-904 - S&#227;o Paulo/SP - Brasil </font></font></p>
<p style="margin: 1pt 0cm; line-height: 14pt; text-indent: -0.5pt; font-size: 12pt; font-family: 'Times New Roman', 'serif';"><font style="font-family: 'times new roman', times;"><font lang="PT-BR" style="font-size: 10pt; color: #000000;">Caixa Postal 79518 - CEP 04707-970 - S&#227;o Paulo/SP - Brasil</font></font></p>
<p style="margin: 1pt 0cm; line-height: 14pt; text-indent: -0.5pt; font-size: 12pt; font-family: 'Times New Roman', 'serif';"><font style="font-family: 'times new roman', times;"><font lang="PT-BR" style="font-size: 10pt; color: #000000;">Telefone +55 (11) 3940-1500</font></font></p>
<p style="margin: 1pt 0cm; line-height: 14pt; text-indent: -0.5pt; font-size: 12pt; font-family: 'Times New Roman', 'serif';"><font style="font-family: 'times new roman', times;"><font lang="PT-BR" style="font-size: 10pt; color: #000000;">kpmg.com.br</font></font></p>
<p style="margin: 1pt 0cm; line-height: 14pt; text-indent: -0.5pt; font-size: 12pt; font-family: 'Times New Roman', 'serif';"><font style="font-family: 'times new roman', times;"><font lang="PT-BR" style="font-size: 10pt; color: #000000;">&nbsp;</font></font></p>
<p align="left" style="text-align: left; margin: 0cm 0cm 0.0001pt; line-height: 13pt; font-size: 11pt; font-family: Times, 'serif';"><font style="font-family: 'times new roman', times;"><b style="mso-bidi-font-weight: normal;"><font lang="EN-US" style="font-size: 10pt;">&nbsp;</font></b></font></p>
<div style="line-height: 16pt; margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-size: 16pt;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#" name="Bj_C6397BE19C00000000000000000000" class="customBookmark"><font style="font-family: 'times new roman', times;"><font style="font-weight: bold;">Independent </font><font style="font-weight: bold;">Auditor&#8217;s</font><font style="font-weight: bold;"> Report in the Individual and Consolidated Financial Statements</font></font></a></font></div>
<p style="text-indent: -0.5pt; margin: 0cm 0cm 0.0001pt; font-size: 11pt; font-family: Calibri, 'sans-serif';"><br></p>
<p align="left" style="text-align: left; margin: 0cm 0cm 0.0001pt; line-height: 13pt; font-size: 11pt; font-family: Times, 'serif';"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US">To the Shareholders of the </font></font></p>
<p style="margin: 0cm 0cm 0.0001pt; font-size: 12pt; font-family: Arial, 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b style="mso-bidi-font-weight: normal;"><font lang="EN-US" style="color: windowtext;">Ultrapar Participa&#231;&#245;es S.A.</font></b></font></p>
<p style="margin: 0px; font-size: 12pt; font-family: Arial, 'sans-serif'; color: #000000; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: windowtext;">S&#227;o Paulo - SP</font></font></p>
<p style="margin: 0px; line-height: 12pt; font-size: 9.5pt; font-family: 'Univers LT Std 45 Light', 'sans-serif'; color: #000000; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-bookmark: _Hlk32914538;"><font lang="EN-US" style="color: windowtext;"><br></font></font></font></p>
<h2 style="margin: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-bookmark: _Hlk32914538;"><font lang="EN-US">Opinion</font></font><font style="mso-bookmark: _Hlk32914538;"><font lang="EN-US" style="font-weight: normal;"></font></font></font></h2>
<p style="margin: 0px; line-height: 12pt; font-size: 9.5pt; font-family: 'Univers LT Std 45 Light', 'sans-serif'; color: #000000; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-bookmark: _Hlk32914538;"><font lang="EN-US" style="color: windowtext;"><br></font></font></font></p>
<p style="margin: 0cm 0cm 6pt; line-height: 12pt; font-size: 9.5pt; font-family: 'Univers LT Std 45 Light', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-bookmark: _Hlk32914538;"><font lang="EN-US" style="color: windowtext;">We have audited the individual and consolidated financial statements of Ultrapar Participa&#231;&#245;es S.A. (&#8220;the Company&#8221;), respectively referred to as Parent and Consolidated, which comprise the statement of financial position as at December 31, 2021, the statements of income and other comprehensive income, changes in equity and cash flows for the year then ended, and notes, comprising significant accounting policies and other explanatory information.</font></font><font style="mso-bookmark: _Hlk32914538;"><font lang="EN-GB" style="color: windowtext;"></font></font></font></p>
<p style="margin: 0cm 0cm 6pt; line-height: 12pt; font-size: 9.5pt; font-family: 'Univers LT Std 45 Light', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-bookmark: _Hlk32914538;"><font lang="EN-US" style="color: windowtext;">In our opinion, the accompanying financial statements present fairly, in all material respects, the individual and consolidated financial position of the Ultrapar Participa&#231;&#245;es S.A. as at December 31, 2021, and of its individual and consolidated financial performance and its cash flows for the year then ended in accordance with Accounting Practices Adopted in Brazil and with International Financial Reporting Standards (IFRS), issued by the International Accounting Standards Board (IASB).</font></font><font style="mso-bookmark: _Hlk32914538;"><font lang="EN-GB" style="color: windowtext;"></font></font></font></p>
<h2 style="margin-left: 35.45pt; text-indent: -35.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-bookmark: _Hlk32914538;"><font lang="EN-US">Basis for Opinion</font></font><font style="mso-bookmark: _Hlk32914538;"><font lang="EN-US" style="font-weight: normal;"></font></font></font></h2>
<p style="margin: 0cm 0cm 6pt; line-height: 12pt; font-size: 9.5pt; font-family: 'Univers LT Std 45 Light', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-bookmark: _Hlk32914538;"><font lang="EN-US" style="color: windowtext;">We conducted our audit in accordance with Brazilian and International Standards on Auditing. Our responsibilities under those standards are further described in the Auditors&#8217; Responsibilities for the Audit of the Individual and Consolidated Financial Statements section of our report. We are independent of the Company and its subsidiaries in accordance with the relevant ethical requirements included in the Accountant Professional Code of Ethics (&#8220;C&#243;digo de &#201;tica Profissional do Contador&#8221;) and in the professional standards issued by the Brazilian Federal Accounting Council (&#8220;Conselho Federal de Contabilidade&#8221;) and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.</font></font><font style="mso-bookmark: _Hlk32914538;"><font lang="EN-GB" style="color: windowtext;"></font></font></font></p>
<h2 style="margin-left: 35.45pt; text-indent: -35.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US">Key audit matter</font></font></h2>
<p style="margin: 0cm 0cm 6pt; line-height: 12pt; font-size: 9.5pt; font-family: 'Univers LT Std 45 Light', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-bookmark: _Hlk32914538;"><font lang="EN-US" style="color: windowtext;">Key audit matter is those matter that, in our professional judgment, were of most significance in our audit of the current period. This matter was addressed in the context of our audit of the individual and consolidated financial statements as a whole, and in forming our opinion thereon, and we do not provide a separate opinion on this matter.</font></font></font></p>
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<p style="margin: 0px; line-height: 12pt; font-size: 9.5pt; font-family: 'Univers LT Std 45 Light', 'sans-serif'; color: #000000; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-bookmark: _Hlk32914538;"><font lang="EN-US" style="color: windowtext;"><br></font></font></font></p>
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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times;"><font lang="PT-BR" style="font-size: 10pt; color: #000000;"><img src="img6f629e2182174d389847.jpg" alt="Graphics"></font></font></p>
<h3 style="margin: 6.5pt 5.65pt .0001pt .05pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b style="mso-bidi-font-weight: normal;"><font lang="EN-US" style="color: windowtext;">Realization of deferred tax assets</font></b></font></h3>
<p><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><b style="mso-bidi-font-weight: normal;"><font lang="EN-US" style="color: windowtext;"><br></font></b></font></p>
<p style="margin: 0cm 0cm 0.0001pt; font-size: 11pt; font-family: Calibri, 'sans-serif';"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US"><font style="font-size: 10pt;">As of December 31, 2021, the individual and consolidated financial statements include deferred tax asset amounts equivalent to R$ 571,755, of which R$ 423,410 are related to temporary differences and R$ 148,345 thousand are related to tax losses, considered recoverable based on the generation of future taxable profits.</font></font></font></p>
<p style="margin: 0cm 0cm 0.0001pt; font-size: 11pt; font-family: Calibri, 'sans-serif';"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US"><font style="font-size: 10pt;"><br></font></font></font></p>
<p style="margin: 0cm 0cm 0.0001pt; font-size: 11pt; font-family: Calibri, 'sans-serif';"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: windowtext;">Estimates of future taxable income generation include the use of assumptions, judgments and estimates on cash flows, such as revenue growth rates, estimates of cost and expense growth, and contribution margin, which involve high degree of complexity and judgments that impact the expectation of realization of deferred tax assets in the coming years. Therefore, we consider this matter to be significant for our audit.</font></font></font></p>
<p style="margin: 0cm 0cm 0.0001pt; font-size: 11pt; font-family: Calibri, 'sans-serif';"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: windowtext;"><br></font></font></font></p>
<p style="margin: 0cm 0cm 0.0001pt; font-size: 11pt; font-family: Calibri, 'sans-serif';"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b style="mso-bidi-font-weight: normal;"><font lang="EN-US">Our Response</font></b></font></p>
<p style="margin: 0cm 0cm 0.0001pt; font-size: 11pt; font-family: Calibri, 'sans-serif';"><font style="font-family: 'times new roman', times; font-size: 10pt;">Our audit procedures included, among others:</font></p>
<ul type="disc" style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; margin: 0pt; padding-left: 0pt;">
<li style="font-family: Symbol; font-size: 10pt; margin: 6.5pt 6.05pt 6.5pt 9.6pt; padding-left: 13pt; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Evaluation of the design,&nbsp;implementation&nbsp;and effectiveness of the internal control of financial projections related to the realization of the registered deferred taxes.</font></li>
<li style="font-family: Symbol; font-size: 10pt; margin: 6.5pt 6.05pt 6.5pt 9.6pt; padding-left: 13pt; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Within&nbsp;the&nbsp;involvement&nbsp;of our corporate finance specialists,&nbsp;for the&nbsp;assumptions and data&nbsp;used by the Company in preparing the study of future taxable profits considering the projections of future cash flows.&nbsp;Also&nbsp;to assess the accuracy of the recorded balances.</font></li>
<li style="font-family: Symbol; font-size: 10pt; margin: 6.5pt 6.05pt 6.5pt 9.6pt; padding-left: 13pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Comparison of the budgets approved in the previous year with the actual values &#8203;&#8203;calculated in the current year.</font></li>
<li style="font-family: Symbol; font-size: 10pt; margin: 6.5pt 6.05pt 6.5pt 9.6pt; padding-left: 13pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Assessment whether the disclosures in the individual and consolidated financial statements consider all relevant information regarding deferred tax assets.</font></li>
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<p style="margin: 0pt 0pt 8pt; font-size: 11pt; font-family: Calibri, &quot;sans-serif&quot;; line-height: 1.1; text-indent: 0pt;"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt; line-height: inherit;"><font style="color: windowtext; font-family: &quot;times new roman&quot;, times; font-size: 10pt; line-height: inherit;">As a result of the evidence obtained through the audit procedures summarized above, we consider that the amount of deferred tax assets&nbsp;recorded&nbsp;and the respective disclosures are acceptable in the context of the individual and consolidated financial statements taken as a whole.</font></font><font style="font-family: &quot;times new roman&quot;, times;font-size: 10pt;"><font style="color: windowtext; font-family: &quot;times new roman&quot;, times; font-size: 10pt; line-height: inherit;"><br></font></font></p>
<h2 style="margin: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-bookmark: _Hlk32914538;"><font lang="EN-US">Other matters</font></font><font style="mso-bookmark: _Hlk32914538;"><font lang="EN-US"> </font></font><font style="mso-bookmark: _Hlk32914538;"><font lang="EN-US">- Statements of value added</font></font><font style="mso-bookmark: _Hlk32914538;"><font lang="EN-US" style="font-weight: normal;"></font></font></font></h2>
<p style="margin: 0cm 0cm 6pt; line-height: 12pt; font-size: 9.5pt; font-family: 'Univers LT Std 45 Light', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-bookmark: _Hlk32914538;"><font lang="EN-US" style="color: windowtext;">The individual and consolidated statements of value added (DVA) for the year ended December 31,</font></font><font style="mso-bookmark: _Hlk32914538;"><font lang="EN-US" style="color: windowtext;"> 2021</font></font><font style="mso-bookmark: _Hlk32914538;"><font lang="EN-US" style="color: windowtext;"> prepared under the responsibility of the </font></font><font style="mso-bookmark: _Hlk32914538;"><font lang="EN-US" style="color: windowtext;">Company&#8217;s</font></font><font style="mso-bookmark: _Hlk32914538;"><font lang="EN-US" style="color: windowtext;"> management</font></font><font style="mso-bookmark: _Hlk32914538;"><font lang="EN-US" style="color: windowtext;">,</font></font><font style="mso-bookmark: _Hlk32914538;"><font lang="EN-US" style="color: windowtext;"> and presented herein as supplementary information for IFRS purposes, have been subject to audit procedures jointly performed with the audit of the </font></font><font style="mso-bookmark: _Hlk32914538;"><font lang="EN-US" style="color: windowtext;">Company's</font></font><font style="mso-bookmark: _Hlk32914538;"><font lang="EN-US" style="color: windowtext;"> financial statements. </font></font><font style="mso-bookmark: _Hlk32914538;"><font lang="EN-US" style="color: windowtext;"><font style="mso-spacerun: yes;">&nbsp;</font></font></font><font style="mso-bookmark: _Hlk32914538;"><font lang="EN-US" style="color: windowtext;">In order </font></font><font style="mso-bookmark: _Hlk32914538;"><font lang="EN-US" style="color: windowtext;">to</font></font><font style="mso-bookmark: _Hlk32914538;"><font lang="EN-US" style="color: windowtext;"> form </font></font><font style="mso-bookmark: _Hlk32914538;"><font lang="EN-US" style="color: windowtext;">our</font></font><font style="mso-bookmark: _Hlk32914538;"><font lang="EN-US" style="color: windowtext;"> opinion</font></font><font style="mso-bookmark: _Hlk32914538;"><font lang="EN-US" style="color: windowtext;">,</font></font><font style="mso-bookmark: _Hlk32914538;"><font lang="EN-US" style="color: windowtext;"> we assessed whether those statements are reconciled with the financial statements and accounting records, as applicable, and whether their format and contents are in accordance with criteria determined in the Technical Pronouncement 09 (</font></font><font style="mso-bookmark: _Hlk32914538;"><font lang="EN-US" style="color: windowtext;">CPC 09) -</font></font><font style="mso-bookmark: _Hlk32914538;"><font lang="EN-US" style="color: windowtext;"> Statement of Value Added</font></font><font style="mso-bookmark: _Hlk32914538;"><font lang="EN-US" style="color: windowtext;">.</font></font><font style="mso-bookmark: _Hlk32914538;"><font lang="EN-US" style="color: windowtext;"> In our opinion, the statements of value added have been fairly prepared, in all material respects, in accordance with the criteria determined by the aforementioned Technical Pronouncement</font></font><font style="mso-bookmark: _Hlk32914538;"><font lang="EN-US" style="color: windowtext;"> and</font></font><font style="mso-bookmark: _Hlk32914538;"><font lang="EN-US" style="color: windowtext;"> are consistent with the overall individual and consolidated financial statements.</font></font><font style="mso-bookmark: _Hlk32914538;"><font lang="EN-GB"></font></font></font></p>
<p style="margin: 0px; text-indent: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif';"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-bookmark: _Hlk32914538;"><b style="mso-bidi-font-weight: normal;"><font lang="EN-US">Other </font></b></font><font style="mso-bookmark: _Hlk32914538;"><b style="mso-bidi-font-weight: normal;"><font lang="EN-US">information</font></b></font><font style="mso-bookmark: _Hlk32914538;"><b style="mso-bidi-font-weight: normal;"><font lang="EN-US"> accompanying the individual and consolidated financial statements and the </font></b></font><font style="mso-bookmark: _Hlk32914538;"><b style="mso-bidi-font-weight: normal;"><font lang="EN-US">auditor's</font></b></font><font style="mso-bookmark: _Hlk32914538;"><b style="mso-bidi-font-weight: normal;"><font lang="EN-US"> report</font></b></font></font></p>
<p style="margin: 0cm 6.05pt 6.5pt 0cm; text-indent: 0cm; font-size: 12pt; font-family: 'Times New Roman', 'serif'; line-height: 1.1;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="line-height: inherit;"><font lang="EN-US" style="line-height: inherit;">Management is responsible for the other information </font></font><font style="line-height: inherit;"><font lang="EN-US" style="line-height: inherit;">comprising</font></font><font style="line-height: inherit;"><font lang="EN-US" style="line-height: inherit;"> the management report.</font></font><font style="line-height: inherit;"><font lang="EN-US" style="line-height: inherit;"><font style="line-height: inherit;">&nbsp; </font></font></font><font style="line-height: inherit;"><font lang="EN-US" style="line-height: inherit;"></font></font></font></p>
<p style="margin: 6.5pt 6.05pt 6.5pt 0cm; text-indent: 0cm; font-size: 12pt; font-family: 'Times New Roman', 'serif'; line-height: 1.1;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font lang="EN-US" style="line-height: inherit;">Our opinion on the individual and consolidated financial statements does not cover the other information and we do not express any form of assurance conclusion thereon.</font></font></p>
<p style="margin: 6.5pt 6.05pt 6.5pt 0cm; text-indent: 0cm; font-size: 12pt; font-family: 'Times New Roman', 'serif'; line-height: 1.1;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="line-height: inherit;"><font lang="EN-US" style="line-height: inherit;">In connection with our audit of the individual and consolidated financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the individual and consolidated financial statements or our knowledge obtained in the audit, or otherwise appears to be materially misstated. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.</font></font><font style="line-height: inherit;"><font lang="EN-US" style="line-height: inherit;"><font style="line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></font></font></font></p>
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<p style="margin: 0pt; text-align: justify;">&nbsp;</p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times;"><font lang="PT-BR" style="font-size: 10pt; color: #000000;"><img src="img6f629e2182174d389847.jpg" alt="Graphics"></font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times;"><font lang="PT-BR" style="font-size: 10pt; color: #000000;"><br></font></font></p>
<p style="margin: 0px; text-indent: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif';"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-bookmark: _Hlk32914538;"><b style="mso-bidi-font-weight: normal;"><font lang="EN-US">Responsibilities of Management and Those Charged with Governance for the </font></b></font><font style="mso-bookmark: _Hlk32914538;"><b style="mso-bidi-font-weight: normal;"><font lang="EN-US">Individual</font></b></font><font style="mso-bookmark: _Hlk32914538;"><b style="mso-bidi-font-weight: normal;"><font lang="EN-US"> and Consolidated Financial Statements</font></b></font></font></p>
<p style="margin: 0cm 6.05pt 0.0001pt 0cm; text-indent: 0cm; font-size: 12pt; font-family: 'Times New Roman', 'serif'; line-height: 1.1;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="line-height: inherit;"><font lang="EN-US" style="line-height: inherit;">Management is responsible for the preparation and fair presentation of the individual and consolidated financial statements in accordance with Accounting Practices Adopted in Brazil and with International Financial Reporting Standards (IFRS</font></font><font style="line-height: inherit;"><font lang="EN-US" style="line-height: inherit;">),</font></font><font style="line-height: inherit;"><font lang="EN-US" style="line-height: inherit;"> issued by the International Accounting Standards Board (IASB) and for such internal control as management determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.</font></font></font></p>
<p style="margin: 6.5pt 6.05pt 6.5pt 0cm; text-indent: 0cm; font-size: 12pt; font-family: 'Times New Roman', 'serif'; line-height: 1.1;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="line-height: inherit;"><font lang="EN-US" style="line-height: inherit;">In preparing the individual and consolidated financial statements, management is responsible for assessing the Company&#8217;s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless management either intends to liquidate the Company </font></font><font style="line-height: inherit;"><font lang="EN-US" style="line-height: inherit;">and subsidiaries </font></font><font style="line-height: inherit;"><font lang="EN-US" style="line-height: inherit;">or to cease operations, or has no realistic alternative but to do so.</font></font></font></p>
<p style="margin: 6.5pt 6.05pt 6.5pt 0cm; text-indent: 0cm; font-size: 12pt; font-family: 'Times New Roman', 'serif'; line-height: 1.1;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font lang="EN-US" style="line-height: inherit;">Those charged with governance are responsible for overseeing the Company&#8217;s and subsidiaries financial reporting process.</font></font></p>
<p style="margin: 6.5pt 6.05pt 0.0001pt 0cm; text-indent: 0cm; font-size: 12pt; font-family: 'Times New Roman', 'serif'; line-height: 1.1;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><b style="mso-bidi-font-weight: normal;"><font lang="EN-US" style="line-height: inherit;">Auditors&#8217; Responsibilities for the Audit of the Individual and Consolidated Financial Statements</font></b></font></p>
<p style="margin: 0cm 6.05pt 6.5pt 0cm; text-indent: 0cm; font-size: 12pt; font-family: 'Times New Roman', 'serif'; line-height: 1.1;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font lang="EN-US" style="line-height: inherit;">Our objectives are to obtain reasonable assurance about whether the individual and consolidated financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditors&#8217; report that includes our opinion. </font></font></p>
<p style="margin: 0cm 6.05pt 6.5pt 0cm; text-indent: 0cm; font-size: 12pt; font-family: 'Times New Roman', 'serif'; line-height: 1.1;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="line-height: inherit;"><font lang="EN-US" style="line-height: inherit;">Reasonable assurance is a high level of assurance</font></font><font style="line-height: inherit;"><font lang="EN-US" style="line-height: inherit;"> but</font></font><font style="line-height: inherit;"><font lang="EN-US" style="line-height: inherit;"> is not a guarantee that an audit conducted in accordance with Brazilian and </font></font><font style="line-height: inherit;"><font lang="EN-US" style="line-height: inherit;">international</font></font><font style="line-height: inherit;"><font lang="EN-US" style="line-height: inherit;"> standards on auditing will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.</font></font></font></p>
<p style="margin: 6.5pt 6.05pt 6.5pt 0pt; color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 1.1;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">As part of an audit in accordance with Brazilian and&nbsp;international&nbsp;standards on auditing, we exercise professional judgment and maintain professional skepticism throughout the audit.&nbsp;We&nbsp;also:</font></p>
<ul type="disc" style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; margin: 0pt; padding-left: 0pt;">
<li style="font-family: Symbol; font-size: 10pt; margin: 6pt 6.05pt 12pt 9.6pt; padding-left: 13pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Identify and assess the risks of material misstatement of the individual and consolidated financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.</font></li>
<li style="font-family: Symbol; font-size: 10pt; margin: 6.5pt 6.05pt 6.5pt 9.6pt; padding-left: 13pt; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">Obtain an understanding of internal control relevant to the audit&nbsp;in order to&nbsp;design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company&#8217;s&nbsp;and its subsidiaries&nbsp;internal control.</font></li>
</ul>
<ul type="disc" style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; margin: 0pt; padding-left: 0pt;">
<li style="font-family: Symbol; font-size: 10pt; margin: 6.5pt 6.05pt 6.5pt 9.6pt; padding-left: 13pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management.</font></li>
<li style="font-family: Symbol; font-size: 10pt; margin: 12pt 6.05pt 12pt 9.6pt; padding-left: 13pt; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">Conclude on the appropriateness of management&#8217;s use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company&#8217;s&nbsp;and its&nbsp;subsidiaries&nbsp;ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditors&#8217; report to the related disclosures in the individual and consolidated financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditors&#8217; report. However, future events or conditions may cause the Company&nbsp;and subsidiaries&nbsp;to cease to continue as a going concern.</font></li>
<li style="font-family: Symbol; font-size: 10pt; margin: 12pt 6.05pt 12pt 9.6pt; padding-left: 13pt; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">Evaluate the overall presentation,&nbsp;structure&nbsp;and content of the financial statements, including the disclosures, and whether the&nbsp;individual and consolidated&nbsp;financial statements represent the underlying transactions and events in a manner that achieves fair presentation.</font></li>
<li style="font-family: Symbol; font-size: 10pt; margin: 12pt 6.05pt 12pt 9.6pt; padding-left: 13pt; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">Obtain sufficient appropriate audit evidence regarding the financial information of the entities or business activities within the Group to express an opinion on the consolidated financial statements.&nbsp;We are responsible for the direction,&nbsp;supervision&nbsp;and performance of the group audit.&nbsp; We remain solely responsible for our audit opinion.</font></li>
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<p style="margin: 0pt; text-align: justify;">&nbsp;</p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times;"><font lang="PT-BR" style="font-size: 10pt; color: #000000;"><img src="img6f629e2182174d389847.jpg" alt="Graphics"></font></font></p>
<p style="margin: 6.5pt 6.05pt 6.5pt 0cm; text-indent: 0cm; font-size: 12pt; font-family: 'Times New Roman', 'serif'; line-height: 1.1;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font lang="EN-US" style="line-height: inherit;">We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.</font></font></p>
<p style="margin: 6.5pt 6.05pt 6.5pt 0cm; text-indent: 0cm; font-size: 12pt; font-family: 'Times New Roman', 'serif'; line-height: 1.1;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="line-height: inherit;"><font lang="EN-US" style="line-height: inherit;">We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence</font></font><font style="line-height: inherit;"><font lang="EN-US" style="line-height: inherit;"> and</font></font><font style="line-height: inherit;"><font lang="EN-US" style="line-height: inherit;"> communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.</font></font></font></p>
<p style="margin: 6.5pt 6.05pt 6.5pt 0cm; text-indent: 0cm; font-size: 12pt; font-family: 'Times New Roman', 'serif'; line-height: 1.1;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font lang="EN-US" style="line-height: inherit;">From the matters communicated with those charged with governance, we determine those matters that were of most significance in the audit of the individual and consolidated financial statements of the current period and are therefore the key audit matter. We describe these matters in our auditors&#8217; report unless law or regulation precludes public disclosure about the matter or when, in extremely rare circumstances, we determine that a matter should not be communicated in our report because the adverse consequences of doing so would reasonably be expected to outweigh the public interest benefits of such communication.</font></font></p>
<p style="text-indent: -0.5pt; margin: 0cm 0cm 0.0001pt; font-size: 11pt; font-family: Calibri, 'sans-serif';"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US">&nbsp;</font></font></p>
<p style="text-indent: -0.5pt; margin: 0cm 0cm 0.0001pt; font-size: 11pt; font-family: Calibri, 'sans-serif';"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-bookmark: _Hlk32914538;"><font lang="PT-BR">S&#227;o Paulo, February 23</font></font><font style="mso-bookmark: _Hlk32914538;"><font lang="PT-BR">, 2022</font></font><font style="mso-bookmark: _Hlk32914538;"><font lang="PT-BR"></font></font></font></p>
<p style="text-indent: -0.5pt; margin: 0cm 0cm 0.0001pt; font-size: 11pt; font-family: Calibri, 'sans-serif';"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="PT-BR">&nbsp;</font></font></p>
<p style="margin: 0cm 0cm 0.0001pt; font-size: 11pt; font-family: Calibri, 'sans-serif';"><font lang="PT-BR" style="font-size: 10pt; font-family: 'times new roman', times;">KPMG Auditores Independentes Ltda.</font></p>
<p style="margin: 0cm 0cm 0.0001pt; font-size: 11pt; font-family: Calibri, 'sans-serif';"><font lang="PT-BR" style="font-size: 10pt; font-family: 'times new roman', times;">CRC 2SP014428/O-6</font></p>
<p style="margin: 0cm 0cm 0.0001pt; font-size: 11pt; font-family: Calibri, 'sans-serif';"><font style="font-family: 'times new roman', times; font-size: 10pt;"><i style="mso-bidi-font-style: normal;"><font lang="EN-US">Original report in Portuguese signed by</font></i></font></p>
<p style="margin: 0cm 0cm 0.0001pt; font-size: 11pt; font-family: Calibri, 'sans-serif';"><font lang="PT-BR" style="font-size: 10pt; font-family: 'times new roman', times;">M&#225;rcio Serpejante Peppe</font></p>
<p style="margin: 0cm 0cm 0.0001pt; font-size: 11pt; font-family: Calibri, 'sans-serif';"><font lang="PT-BR" style="font-size: 10.0pt; mso-bidi-font-size: 11.0pt; font-family: 'Arial','sans-serif'; mso-ansi-language: PT-BR;"><font style="font-family: 'times new roman', times;">Accountant CRC 1SP233011/O-8</font></font></p>
<p style="margin: 0pt; text-align: justify;"><br></p>
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<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Ultrapar Participa&#231;&#245;es S.A. and</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">Subsidiaries</font></font></p>
<div style="margin: 2pt 0pt 0pt; text-align: justify;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#" name="B4_4JQPU3TR3K00000000000000000000" class="customBookmark"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Statements of Financial Position</font></a></div>
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">A</font><font style="font-family: 'Times New Roman'; font-weight: bold;">s of </font><font style="font-family: 'Times New Roman'; font-weight: bold;">December 31, </font><font style="font-family: 'Times New Roman'; font-weight: bold;">2021 and </font><font style="font-family: 'Times New Roman'; font-weight: bold;">2020</font></font></p>
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic;">(In thousands of Brazilian Reais)</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 11pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="height: 731px; border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 46.9338%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 9.97547%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 21%; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Parent</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; width: 0.981194%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 21%; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Consolidated</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 46.9338%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 9.97547%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Note</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2021</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 1%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2020</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; width: 0.981194%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2021</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; width: 1%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2020</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 46.9338%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Assets</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; width: 10%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: middle; width: 1%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; width: 10%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; width: 0.981194%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; width: 10%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; width: 1%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; width: 10%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 46.9338%; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Current assets</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; padding: 0px 4px 0px 0px; width: 10%; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: middle; width: 1%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; width: 10%; padding: 0px 4px 0px 0px; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; width: 0.981194%; padding: 0px 4px 0px 0px; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; width: 10%; padding: 0px 4px 0px 0px; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; width: 1%; padding: 0px 4px 0px 0px; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; width: 10%; padding: 0px 4px 0px 0px; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 46.9338%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Cash and cash equivalents</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 9.97547%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5.a</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 10%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">21,533</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 1%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 10%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">948,649</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 0.981194%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 10%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,280,074</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 1%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 10%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,661,494</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 46.9338%; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Financial investments and hedging instruments</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 9.97547%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5.b</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 10%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">142,065</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 1%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 10%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">88,100</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 0.981194%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 10%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,804,122</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 1%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 10%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,033,258</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 46.9338%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Trade receivables</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 9.97547%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">6.a</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 10%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 1%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 10%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 0.981194%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 10%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,375,246</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 1%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 10%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,318,927</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 46.9338%; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Reseller financing</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 9.97547%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">6.b</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 10%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 1%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 10%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 0.981194%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 10%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">582,562</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 1%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 10%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">549,129</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 46.9338%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Inventories</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 9.97547%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">7</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 10%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 1%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 10%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 0.981194%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 10%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,918,772</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 1%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 10%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,846,196</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 46.9338%; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Recoverable taxes</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 9.97547%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">8.a</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 10%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">862</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 1%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 10%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">154</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 0.981194%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 10%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,061,227</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 1%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 10%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,044,850</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 46.9338%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Recoverable income and social contribution taxes</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 9.97547%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">8.b</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 10%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">56,499</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 1%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 10%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">47,913</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 0.981194%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 10%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">291,833</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 1%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 10%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">366,080</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 46.9338%; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Dividends receivable</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 9.97547%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 10%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">146,490</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 1%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 10%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">150,301</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 0.981194%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 10%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">147</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 1%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 10%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,152</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 46.9338%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Other receivables</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 9.97547%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 10%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">105,513</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 1%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 10%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">58,300</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 0.981194%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 10%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">56,205</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 1%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 10%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">56,955</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 46.9338%; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Prepaid expenses</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 9.97547%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">11</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 10%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">7,548</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 1%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 10%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,684</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 0.981194%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 10%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">98,024</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 1%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 10%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">132,122</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: rgb(204, 238, 255);">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 46.9338%; height: 17px; background-color: rgb(204, 238, 255);">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Contractual assets with customers &#8211; exclusive rights</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 9.97547%; height: 17px; background-color: rgb(204, 238, 255);">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">12</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 10%; height: 17px; background-color: rgb(204, 238, 255);border-bottom-width: 1pt;border-bottom-style: solid ;border-bottom-color: rgb(0, 0, 0);">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 1%; height: 17px; background-color: rgb(204, 238, 255);">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 10%; height: 17px; background-color: rgb(204, 238, 255);border-bottom-width: 1pt;border-bottom-style: solid ;border-bottom-color: rgb(0, 0, 0);">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 0.981194%; height: 17px; background-color: rgb(204, 238, 255);">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 10%; height: 17px; background-color: rgb(204, 238, 255);border-bottom-width: 1pt;border-bottom-style: solid ;border-bottom-color: rgb(0, 0, 0);">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">555,052</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 1%; height: 17px; background-color: rgb(204, 238, 255);">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 10%; height: 17px; background-color: rgb(204, 238, 255);border-bottom-width: 1pt;border-bottom-style: solid ;border-bottom-color: rgb(0, 0, 0);">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">478,908</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 46.9338%; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 9.97547%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 10%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">480,510</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 1%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 10%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,297,101</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 0.981194%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 10%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">14,023,264</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 1%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 10%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">17,489,071</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: rgb(204, 238, 255);">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 46.9338%; height: 17px; background-color: rgb(204, 238, 255);">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Assets from subsidiaries held for sale</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 9.97547%; height: 17px; background-color: rgb(204, 238, 255);">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3.c.1</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 10%; height: 17px; border-bottom: 1pt solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,681,730</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 1%; height: 17px; background-color: rgb(204, 238, 255);">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 10%; height: 17px; border-bottom: 1pt solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 0.981194%; height: 17px; background-color: rgb(204, 238, 255);">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 10%; height: 17px; border-bottom: 1pt solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">11,000,917</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 1%; height: 17px; background-color: rgb(204, 238, 255);">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 10%; height: 17px; border-bottom: 1pt solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 46.9338%; height: 17px;">
<p style="margin: 0pt 0pt 0pt 20pt; text-indent: 0.75pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Total current assets</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 9.97547%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 10%; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,162,240</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 1%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 10%; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,297,101</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 0.981194%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 10%; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">25,024,181</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 1%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 10%; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">17,489,071</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: rgb(204, 238, 255);">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 46.9338%; height: 17px; background-color: rgb(204, 238, 255);">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Non-current assets</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 9.97547%; height: 17px; background-color: rgb(204, 238, 255);">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 10%; height: 17px; background-color: rgb(204, 238, 255);">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 1%; height: 17px; background-color: rgb(204, 238, 255);">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 10%; height: 17px; background-color: rgb(204, 238, 255);">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 0.981194%; height: 17px; background-color: rgb(204, 238, 255);">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 10%; height: 17px; background-color: rgb(204, 238, 255);">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 1%; height: 17px; background-color: rgb(204, 238, 255);">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 10%; height: 17px; background-color: rgb(204, 238, 255);">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 46.9338%; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Financial investments and hedging instruments</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 9.97547%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5.b</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 10%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 1%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 10%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 0.981194%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 10%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">379,277</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 1%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 10%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">977,408</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: rgb(204, 238, 255);">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 46.9338%; height: 17px; background-color: rgb(204, 238, 255);">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Trade receivables</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 9.97547%; height: 17px; background-color: rgb(204, 238, 255);">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">6.a</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 10%; height: 17px; background-color: rgb(204, 238, 255);">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 1%; height: 17px; background-color: rgb(204, 238, 255);">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 10%; height: 17px; background-color: rgb(204, 238, 255);">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 0.981194%; height: 17px; background-color: rgb(204, 238, 255);">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 10%; height: 17px; background-color: rgb(204, 238, 255);">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">63,749</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 1%; height: 17px; background-color: rgb(204, 238, 255);">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 10%; height: 17px; background-color: rgb(204, 238, 255);">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">72,195</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 46.9338%; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Reseller financing</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 9.97547%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">6.b</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 10%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 1%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 10%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 0.981194%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 10%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">415,472</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 1%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 10%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">419,255</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: rgb(204, 238, 255);">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 46.9338%; height: 17px; background-color: rgb(204, 238, 255);">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Related parties</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 9.97547%; height: 17px; background-color: rgb(204, 238, 255);">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">9.a</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 10%; height: 17px; background-color: rgb(204, 238, 255);">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">406,787</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 1%; height: 17px; background-color: rgb(204, 238, 255);">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 10%; height: 17px; background-color: rgb(204, 238, 255);">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">753,459</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 0.981194%; height: 17px; background-color: rgb(204, 238, 255);">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 10%; height: 17px; background-color: rgb(204, 238, 255);">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">490</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 1%; height: 17px; background-color: rgb(204, 238, 255);">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 10%; height: 17px; background-color: rgb(204, 238, 255);">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,824</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 46.9338%; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Deferred income and social contribution taxes</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 9.97547%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">10.a</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 10%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">72,402</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 1%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 10%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">64,993</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 0.981194%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 10%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">571,755</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 1%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 10%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">974,711</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: rgb(204, 238, 255);">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 46.9338%; height: 17px; background-color: rgb(204, 238, 255);">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Recoverable taxes</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 9.97547%; height: 17px; background-color: rgb(204, 238, 255);">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">8.a</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 10%; height: 17px; background-color: rgb(204, 238, 255);">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 1%; height: 17px; background-color: rgb(204, 238, 255);">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 10%; height: 17px; background-color: rgb(204, 238, 255);">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 0.981194%; height: 17px; background-color: rgb(204, 238, 255);">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 10%; height: 17px; background-color: rgb(204, 238, 255);">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,046,798</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 1%; height: 17px; background-color: rgb(204, 238, 255);">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 10%; height: 17px; background-color: rgb(204, 238, 255);">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,474,808</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 46.9338%; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Recoverable income and social contribution taxes</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 9.97547%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">8.b</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 10%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">23,483</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 1%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 10%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">39,446</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 0.981194%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 10%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">155,358</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 1%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 10%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">261,205</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: rgb(204, 238, 255);">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 46.9338%; height: 17px; background-color: rgb(204, 238, 255);">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Escrow deposits</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 9.97547%; height: 17px; background-color: rgb(204, 238, 255);">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">23.a</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 10%; height: 17px; background-color: rgb(204, 238, 255);">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">18</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 1%; height: 17px; background-color: rgb(204, 238, 255);">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 10%; height: 17px; background-color: rgb(204, 238, 255);">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 0.981194%; height: 17px; background-color: rgb(204, 238, 255);">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 10%; height: 17px; background-color: rgb(204, 238, 255);">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">871,261</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 1%; height: 17px; background-color: rgb(204, 238, 255);">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 10%; height: 17px; background-color: rgb(204, 238, 255);">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">949,796</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 46.9338%; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Indemnification asset &#8211; business combination</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 9.97547%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">23.c</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 10%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 1%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 10%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 0.981194%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 10%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">120,991</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 1%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 10%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">204,439</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: rgb(204, 238, 255);">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 46.9338%; height: 17px; background-color: rgb(204, 238, 255);">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Other receivables</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 9.97547%; height: 17px; background-color: rgb(204, 238, 255);">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 10%; height: 17px; background-color: rgb(204, 238, 255);">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 1%; height: 17px; background-color: rgb(204, 238, 255);">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 10%; height: 17px; background-color: rgb(204, 238, 255);">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 0.981194%; height: 17px; background-color: rgb(204, 238, 255);">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 10%; height: 17px; background-color: rgb(204, 238, 255);">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">29,748</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 1%; height: 17px; background-color: rgb(204, 238, 255);">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 10%; height: 17px; background-color: rgb(204, 238, 255);">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">20,238</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 46.9338%; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Prepaid expenses</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 9.97547%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">11</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 10%; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,748</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 1%; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 10%; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,888</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 0.981194%; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 10%; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">71,368</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 1%; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 10%; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">70,507</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: rgb(204, 238, 255);">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 46.9338%; height: 17px; background-color: rgb(204, 238, 255);">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Contractual assets with customers &#8211; exclusive rights</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 9.97547%; height: 17px; background-color: rgb(204, 238, 255);">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">12</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 10%; height: 17px; border-bottom: 1px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 1%; height: 17px; border-bottom-width: 1px; background-color: rgb(204, 238, 255);">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 10%; height: 17px; border-bottom: 1px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 0.981194%; height: 17px; border-bottom-width: 1px; background-color: rgb(204, 238, 255);">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 10%; height: 17px; border-bottom: 1px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,524,174</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 1%; height: 17px; border-bottom-width: 1px; background-color: rgb(204, 238, 255);">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 10%; height: 17px; border-bottom: 1px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,227,423</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 46.9338%; height: 17px;">
<p style="margin: 0pt 0pt 0pt 20pt; text-indent: 0.75pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 9.97547%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 10%; height: 17px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">504,438</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 1%; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 10%; height: 17px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">861,788</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 0.981194%; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 10%; height: 17px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,250,441</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 1%; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 10%; height: 17px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">6,654,809</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: rgb(204, 238, 255);">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 46.9338%; height: 17px; background-color: rgb(204, 238, 255);">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Investments</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 9.97547%; height: 17px; background-color: rgb(204, 238, 255);">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 10%; height: 17px; border-bottom-width: 1px; background-color: rgb(204, 238, 255);">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 1%; height: 17px; border-bottom-width: 1px; background-color: rgb(204, 238, 255);">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 10%; height: 17px; border-bottom-width: 1px; background-color: rgb(204, 238, 255);">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 0.981194%; height: 17px; border-bottom-width: 1px; background-color: rgb(204, 238, 255);">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 10%; height: 17px; border-bottom-width: 1px; background-color: rgb(204, 238, 255);">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 1%; height: 17px; border-bottom-width: 1px; background-color: rgb(204, 238, 255);">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 10%; height: 17px; border-bottom-width: 1px; background-color: rgb(204, 238, 255);">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 46.9338%; height: 17px;">
<p style="margin: 0pt 0pt 0pt 20pt; text-indent: 0.75pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">In subsidiaries</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 9.97547%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">13.a</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 10%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">8,266,396</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 1%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 10%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">10,530,177</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 0.981194%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 10%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 1%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 10%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: rgb(204, 238, 255);">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 46.9338%; height: 17px; background-color: rgb(204, 238, 255);">
<p style="margin: 0pt 0pt 0pt 20pt; text-indent: 0.75pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">In joint ventures</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 9.97547%; height: 17px; background-color: rgb(204, 238, 255);">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">13.a; 13.b</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 10%; height: 17px; background-color: rgb(204, 238, 255);">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 1%; height: 17px; background-color: rgb(204, 238, 255);">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 10%; height: 17px; background-color: rgb(204, 238, 255);">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 0.981194%; height: 17px; background-color: rgb(204, 238, 255);">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 10%; height: 17px; background-color: rgb(204, 238, 255);">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">71,389</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 1%; height: 17px; background-color: rgb(204, 238, 255);">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 10%; height: 17px; background-color: rgb(204, 238, 255);">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">139,100</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 46.9338%; height: 17px;">
<p style="margin: 0pt 0pt 0pt 20pt; text-indent: 0.75pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">In associates</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 9.97547%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">13.c</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 10%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 1%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 10%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 0.981194%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 10%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">7,176</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 1%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 10%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">25,588</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: rgb(204, 238, 255);">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 46.9338%; height: 17px; background-color: rgb(204, 238, 255);">
<p style="margin: 0pt 0pt 0pt 20pt; text-indent: 0.75pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Others</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 9.97547%; height: 17px; background-color: rgb(204, 238, 255);">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 10%; height: 17px; border-bottom: 1px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 1%; height: 17px; border-bottom-width: 1px; background-color: rgb(204, 238, 255);">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 10%; height: 17px; border-bottom: 1px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 0.981194%; height: 17px; border-bottom-width: 1px; background-color: rgb(204, 238, 255);">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 10%; height: 17px; border-bottom: 1px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">28</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 1%; height: 17px; border-bottom-width: 1px; background-color: rgb(204, 238, 255);">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 10%; height: 17px; border-bottom: 1px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,793</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 46.9338%; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 9.97547%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 10%; height: 17px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">8,266,396</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 1%; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 10%; height: 17px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">10,530,177</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 0.981194%; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 10%; height: 17px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">78,593</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 1%; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 10%; height: 17px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">167,481</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: rgb(204, 238, 255);">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 46.9338%; height: 17px; background-color: rgb(204, 238, 255);">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Right-of-use assets</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 9.97547%; height: 17px; background-color: rgb(204, 238, 255);">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">14</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 10%; height: 17px; border-bottom-width: 1px; background-color: rgb(204, 238, 255);">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">35,304</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 1%; height: 17px; border-bottom-width: 1px; background-color: rgb(204, 238, 255);">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 10%; height: 17px; border-bottom-width: 1px; background-color: rgb(204, 238, 255);">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">35,062</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 0.981194%; height: 17px; border-bottom-width: 1px; background-color: rgb(204, 238, 255);">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 10%; height: 17px; border-bottom-width: 1px; background-color: rgb(204, 238, 255);">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,651,295</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 1%; height: 17px; border-bottom-width: 1px; background-color: rgb(204, 238, 255);">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 10%; height: 17px; border-bottom-width: 1px; background-color: rgb(204, 238, 255);">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,150,286</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 46.9338%; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Property, plant, and equipment</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 9.97547%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">15</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 10%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">16,006</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 1%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 10%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">14,328</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 0.981194%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 10%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,534,591</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 1%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 10%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">8,005,860</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: rgb(204, 238, 255);">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 46.9338%; height: 17px; background-color: rgb(204, 238, 255);">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Intangible assets</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 9.97547%; height: 17px; background-color: rgb(204, 238, 255);">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">16</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 10%; height: 17px; border-bottom: 1px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">252,585</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 1%; height: 17px; border-bottom-width: 1px; background-color: rgb(204, 238, 255);">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 10%; height: 17px; border-bottom: 1px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">254,242</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 0.981194%; height: 17px; border-bottom-width: 1px; background-color: rgb(204, 238, 255);">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 10%; height: 17px; border-bottom: 1px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,471,256</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 1%; height: 17px; border-bottom-width: 1px; background-color: rgb(204, 238, 255);">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 10%; height: 17px; border-bottom: 1px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,782,655</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 46.9338%; height: 17px;">
<p style="margin: 0pt 0pt 0pt 20pt; text-indent: 0.75pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Total non-current assets</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 9.97547%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 10%; height: 17px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">9,074,729</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 1%; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 10%; height: 17px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">11,695,597</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 0.981194%; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 10%; height: 17px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">13,986,176</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 1%; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 10%; height: 17px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">18,761,091</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: rgb(204, 238, 255);">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 46.9338%; height: 17px; background-color: rgb(204, 238, 255);">
<p style="margin: 0pt 0pt 0pt 30pt; text-indent: 1.15pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Total assets</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 9.97547%; height: 17px; background-color: rgb(204, 238, 255);">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 10%; height: 17px; border-bottom: 2.8pt double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">12,236,969</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 1%; height: 17px; background-color: rgb(204, 238, 255);">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 10%; height: 17px; border-bottom: 2.8pt double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">12,992,698</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 0.981194%; height: 17px; background-color: rgb(204, 238, 255);">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 10%; height: 17px; border-bottom: 2.8pt double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">39,010,357</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 1%; height: 17px; background-color: rgb(204, 238, 255);">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; width: 10%; height: 17px; border-bottom: 2.8pt double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">36,250,162</font></p>
</td>
</tr>

</table>
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';"><br></font></font></p>
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The accompanying notes are an integral part of the </font><font style="font-family: 'Times New Roman';">financial </font><font style="font-family: 'Times New Roman';">statements</font><font style="font-family: 'Times New Roman';">.</font></font></p>
</div>
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><br></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>5</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
</div>
<div style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"><br></font></div>
<div style="font-family: 'times new roman', times; font-size: 10pt;">
<div style="width: 8.5in; margin: 0 auto;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font>
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Statements of Financial Position</font></p>
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">A</font><font style="font-family: 'Times New Roman'; font-weight: bold;">s of</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> </font><font style="font-family: 'Times New Roman'; font-weight: bold;">December 31, </font><font style="font-family: 'Times New Roman'; font-weight: bold;">2021 and </font><font style="font-family: 'Times New Roman'; font-weight: bold;">2020</font></font></p>
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic;">(In thousands of Brazilian Reais)</font></p>
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 2.4pt; font-family: 'times new roman'; font-size: 10pt; height: 813px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Parent</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Consolidated</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 47%; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Note</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2021</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; width: 1%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2020</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; width: 1%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2021</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; width: 1%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2020</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px; border-bottom-width: 1px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Liabilities</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-bottom-width: 1px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: middle; background-color: #cceeff; height: 10px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-bottom-width: 1px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-bottom-width: 1px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-bottom-width: 1px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: middle; background-color: #cceeff; height: 10px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-bottom-width: 1px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Current liabilities</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; padding: 0px; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: middle; padding: 0px; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; padding: 0px; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; padding: 0px; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; padding: 0px; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; padding: 0px; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; padding: 0px; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Loans, financing and hedge derivative financial instruments</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">17</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,038,499</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">618,327</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,306,036</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Debentures</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">17.f</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">39,333</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">9,996</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,247,724</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">949,908</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Trade payables</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">18.a</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">26,882</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">16,870</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,670,895</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,745,019</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Trade payables &#8211; reverse factoring</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">18.b</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,119,059</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,295,633</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Salaries and related charges</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">19</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">55,477</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">42,400</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">330,103</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">468,630</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Taxes payable</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">20</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,096</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">812</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">229,176</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">286,014</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Dividends payable</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">26.h</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">193,564</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">439,094</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">202,860</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">442,133</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Income and social contribution taxes payable</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,264</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">196,348</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">169,317</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Post-employment benefits </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">21.b</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">237</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">21,082</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">27,077</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Provision for asset retirement obligation</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">22</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,632</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,267</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Provision for tax, civil, and labor risks</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">23.a</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">119,942</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">43,660</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Leases payable</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">14</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">6,129</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,688</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">188,832</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">260,189</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Other payables</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">8,612</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">10,157</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">144,204</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">224,676</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Deferred revenue</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">24</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; border-bottom: 1px solid #000000; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; border-bottom: 1px solid #000000; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; border-bottom: 1px solid #000000; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,625</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; border-bottom: 1px solid #000000; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">18,282</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; background-color: #cceeff; border-bottom: 1px solid #000000; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">331,330</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; background-color: #cceeff; border-bottom: 1px solid #000000; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,566,780</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; background-color: #cceeff; border-bottom: 1px solid #000000; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">10,098,809</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; background-color: #cceeff; border-bottom: 1px solid #000000; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">9,240,841</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Liabilities from subsidiaries held for sale</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3.c.1</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; border-bottom: 1px solid #000000; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; border-bottom: 1px solid #000000; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; border-bottom: 1px solid #000000; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,541,421</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; border-bottom: 1px solid #000000; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt 0pt 0pt 20pt; text-indent: 0.75pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Total current liabilities</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">331,330</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,566,780</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">12,640,230</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">9,240,841</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Non-current liabilities</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Loans, financing and hedge derivative financial instruments</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">17</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">8,672,547</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">8,526,064</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Debentures</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">17.f</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,724,866</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,724,117</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,839,045</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,594,208</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Related parties</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">9.a</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,674</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,272</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,534</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,711</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Deferred income and social contribution taxes</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">10.a</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">282</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">12,732</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Post-employment benefits</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">21.b</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,000</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,527</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">194,637</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">257,647</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Provision for asset retirement obligation</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">22</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">52,079</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">49,168</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Provision for tax, civil, and labor risks</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">23.a; 23.c</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">250</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">280</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">812,243</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">854,385</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Leases payable</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">14</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">32,893</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">33,246</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,159,479</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,573,099</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Subscription warrants &#8211; indemnification</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">25</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">51,296</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">86,439</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">51,296</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">86,439</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Provision for liabilities of subsidiaries and joint ventures</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">13.a; 13.b</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">14,199</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">35,794</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,096</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Other payables</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; background-color: #cceeff; border-bottom: 1px solid #000000; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">8,540</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; background-color: #cceeff; border-bottom: 1px solid #000000; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,497</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; background-color: #cceeff; border-bottom: 1px solid #000000; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">115,745</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; background-color: #cceeff; border-bottom: 1px solid #000000; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">139,507</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt 0pt 0pt 20pt; text-indent: 0.75pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Total non-current liabilities</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; border-bottom: 1px solid #000000; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,838,718</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; border-bottom: 1px solid #000000; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,892,172</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; border-bottom: 1px solid #000000; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">15,900,887</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; border-bottom: 1px solid #000000; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">17,099,056</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Equity</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Share capital</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">26.a; 26.f</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,171,752</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,171,752</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,171,752</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,171,752</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Equity instrument granted</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">26.b</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">34,043</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">22,404</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">34,043</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">22,404</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Capital reserve</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">26.d</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">596,481</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">594,049</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">596,481</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">594,049</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Treasury shares</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">26.c</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(488,425)</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(489,068)</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(488,425)</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(489,068)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Revaluation reserve on subsidiaries</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">26.e</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,154</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,337</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,154</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,337</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Profit reserves</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">26.f</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,866,409</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,408,275</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,866,409</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,408,275</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Valuation adjustments</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">26.g.1</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(422,138)</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(464,990)</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(422,138)</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(464,990)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Cumulative translation adjustments</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">26.g.2</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">304,645</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">231,596</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">304,645</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">231,596</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Additional dividends to the minimum mandatory dividends</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">26.h</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">55,391</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">55,391</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt 0pt 0pt 20pt; text-indent: 0.75pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Equity attributable to:</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt 0pt 0pt 30pt; text-indent: 1.15pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Shareholders of the Company</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">10,066,921</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">9,533,746</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">10,066,921</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">9,533,746</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt 0pt 0pt 30pt; text-indent: 1.15pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Non-controlling interests in subsidiaries</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">402,319</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">376,519</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt 0pt 0pt 20pt; text-indent: 0.75pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Total equity</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">10,066,921</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">9,533,746</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">10,469,240</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">9,910,265</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt 0pt 0pt 30pt; text-indent: 1.15pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Total liabilities and equity</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; background-color: #cceeff; height: 18px; border-bottom: 2.8pt double #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">12,236,969</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; background-color: #cceeff; height: 18px; border-bottom: 2.8pt double #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">12,992,698</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; background-color: #cceeff; height: 18px; border-bottom: 2.8pt double #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">39,010,357</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; background-color: #cceeff; height: 18px; border-bottom: 2.8pt double #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">36,250,162</font></p>
</td>
</tr>

</table>
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The accompanying notes are an integral part of the financial </font><font style="font-family: 'Times New Roman';">statements</font><font style="font-family: 'Times New Roman';">.</font></font></p>
</div>
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><br></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>6</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
</div><div style="font-family: 'times new roman', times; font-size: 10pt;">
<div style="width: 8.5in; margin: 0 auto;">
<p style="font-size: 11pt; line-height: 115%; margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';"><br></font></font></p>
<p style="font-size: 11pt; line-height: 115%; margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Ultrapar Participa&#231;&#245;es S.A. and</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">Subsidiaries</font></font></p>
<div style="margin: 2pt 0pt 0pt; text-align: justify;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#" name="B33_B8AW6OI4S000000000000000000000" class="customBookmark"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Statements of Profit or Loss</font></a></div>
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">For </font><font style="font-family: 'Times New Roman'; font-weight: bold;">the </font><font style="font-family: 'Times New Roman'; font-weight: bold;">years</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> ended</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> </font><font style="font-family: 'Times New Roman'; font-weight: bold;">December</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> 3</font><font style="font-family: 'Times New Roman'; font-weight: bold;">1</font><font style="font-family: 'Times New Roman'; font-weight: bold;">, 202</font><font style="font-family: 'Times New Roman'; font-weight: bold;">1</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> and 20</font><font style="font-family: 'Times New Roman'; font-weight: bold;">20</font></font></p>
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic;">(In thousands of Brazilian Reais, except earnings per </font><font style="font-family: 'Times New Roman'; font-style: italic;">thousand </font><font style="font-family: 'Times New Roman'; font-style: italic;">share)</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 11pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 574px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 46.9338%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9.97547%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000; width: 21%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Parent</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 1.06296%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 21%; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Consolidated</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 46.9338%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Note</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2021</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.06296%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2021</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2020</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 46.9338%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Continuing operations</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9.97547%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 1%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Restated</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 1.06296%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 1%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Restated</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 46.9338%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Net revenue from sales and services</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 9.97547%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">27</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 1%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 1.06296%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">109,732,842</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 1%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">74,058,056</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 46.9338%; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Cost of products and services sold</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 9.97547%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">28</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 10%; border-bottom: 1px solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 1%; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 10%; border-bottom: 1px solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 1.06296%; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 10%; border-bottom: 1px solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(104,827,966)</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 1%; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 10%; border-bottom: 1px solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(70,056,447)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 46.9338%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Gross profit</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 9.97547%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 1%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 1.06296%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,904,876</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 1%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,001,609</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 46.9338%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Operating income (expenses)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 9.97547%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 1%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 1.06296%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 1%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 46.9338%;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Selling and marketing</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 9.97547%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">28</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 1%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 1.06296%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,934,789)</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 1%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,595,871)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 46.9338%; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Reversion (loss) allowance for expected credit losses</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 9.97547%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 1%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 1.06296%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,123</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 1%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(15,281)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 46.9338%;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">General and administrative</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 9.97547%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">28</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(24,927)</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 1%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 1.06296%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,466,551)</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 1%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(993,986)</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 46.9338%; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Gain (loss) on disposal of property, plant and equipment and intangibles</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 9.97547%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">29</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">124</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; width: 1%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; width: 1.06296%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">184,189</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; width: 1%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">85,455</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 46.9338%;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Other operating income</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 9.97547%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">30</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,900</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 1%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,186</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 1.06296%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">445,836</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 1%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">321,385</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 46.9338%; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Other operating expenses</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 9.97547%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">30</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 10%; border-bottom: 1pt solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(207)</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 1%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 10%; border-bottom: 1pt solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(431)</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 1.06296%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 10%; border-bottom: 1pt solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(349,670)</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 1%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 10%; border-bottom: 1pt solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(257,351)</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 46.9338%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Operating income (loss) before finance income (expenses) and share of profit (loss) of subsidiaries, joint ventures and associates</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 9.97547%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; width: 10%; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(23,110)</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; width: 1%; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; width: 10%; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,755</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; width: 1.06296%; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; width: 10%; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,787,014</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; width: 1%; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; width: 10%; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,545,960</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 46.9338%; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Share of profit (loss) of subsidiaries, joint ventures and associates</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 9.97547%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">13</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 10%; border-bottom: 1px solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">828,972</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 1%; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 10%; border-bottom: 1px solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">669,933</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 1.06296%; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 10%; border-bottom: 1px solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(17,634)</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 1%; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 10%; border-bottom: 1px solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(44,031)</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 46.9338%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Operating income before finance income (expenses) and income and social contribution taxes</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 9.97547%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; width: 10%; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">805,862</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; width: 1%; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; width: 10%; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">671,688</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; width: 1.06296%; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; width: 10%; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,769,380</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; width: 1%; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; width: 10%; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,501,929</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 46.9338%; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Finance income</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 9.97547%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">31</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">68,314</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 1%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">43,022</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 1.06296%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">460,154</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 1%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">357,666</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 46.9338%;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Finance expenses</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 9.97547%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">31</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 10%; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(99,692)</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 1%; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 10%; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(120,907)</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 1.06296%; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 10%; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,222,886)</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 1%; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 10%; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(908,014)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 46.9338%; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 20pt; text-indent: 0.75pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Financial result, net</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 9.97547%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">31</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 10%; border-bottom: 1px solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(31,378)</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 1%; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 10%; border-bottom: 1px solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(77,885)</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 1.06296%; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 10%; border-bottom: 1px solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(762,732)</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 1%; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 10%; border-bottom: 1px solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(550,348)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 46.9338%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Profit before income and social contribution taxes</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 9.97547%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 10%; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">774,484</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 1%; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 10%; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">593,803</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 1.06296%; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 10%; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,006,648</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 1%; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 10%; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">951,581</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 46.9338%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Income and social contribution taxes</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 9.97547%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 10%; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 1%; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 10%; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 1.06296%; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 10%; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 1%; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 10%; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 46.9338%;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Current</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 9.97547%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">10.b; 10.c</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; width: 10%; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,022</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; width: 1%; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; width: 10%; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(4,299)</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; width: 1.06296%; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; width: 10%; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(430,280)</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; width: 1%; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; width: 10%; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(538,761)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 46.9338%; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Deferred</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 9.97547%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">10.b</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 10%; border-bottom: 1px solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">7,693</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 1%; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 10%; border-bottom: 1px solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">23,246</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 1.06296%; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 10%; border-bottom: 1px solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">242,246</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 1%; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 10%; border-bottom: 1px solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">234,244</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 46.9338%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 9.97547%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; width: 10%; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">10,715</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; width: 1%; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; width: 10%; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">18,947</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; width: 1.06296%; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; width: 10%; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(188,034)</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; width: 1%; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; width: 10%; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(304,517)</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; width: 46.9338%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Profit from continuing operations</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; width: 9.97547%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 18px; width: 10%; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">785,199</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 18px; width: 1%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 18px; width: 10%; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">612,750</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 18px; width: 1.06296%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 18px; width: 10%; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">818,614</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 18px; width: 1%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 18px; width: 10%; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">647,064</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 46.9338%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Discontinued operations</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 9.97547%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 1%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 1.06296%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 1%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 46.9338%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Profit (loss) from discontinued operations</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 9.97547%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3.c.2</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 10%; border-bottom: 1px solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">65,264</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 1%; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 10%; border-bottom: 1px solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">280,633</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 1.06296%; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 10%; border-bottom: 1px solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">65,264</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 1%; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 10%; border-bottom: 1px solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">280,633</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 46.9338%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Profit for the year</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 9.97547%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 10%; border-bottom: 2.8pt double #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">850,463</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 1%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 10%; border-bottom: 2.8pt double #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">893,383</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 1.06296%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 10%; border-bottom: 2.8pt double #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">883,878</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 1%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 10%; border-bottom: 2.8pt double #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">927,697</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 46.9338%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Income attributable to:</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 9.97547%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; width: 1%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; width: 1.06296%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; width: 1%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 46.9338%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;&nbsp;&nbsp; Shareholders of the Ultrapar</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 9.97547%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">850,463</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 1%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">893,383</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 1.06296%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">850,463</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 1%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">893,383</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 46.9338%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;&nbsp;&nbsp; Non-controlling interests in subsidiaries</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 9.97547%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 1%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 1.06296%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">33,415</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 1%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">34,314</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 46.9338%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Earnings per share from continuing operations (based on weighted average number of shares outstanding) &#8211; R$</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 9.97547%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; width: 1%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; width: 1.06296%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; width: 1%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 46.9338%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;&nbsp;&nbsp; Basic</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 9.97547%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">32</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">0.7200</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 1%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">0.5625</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 1.06296%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">0.7200</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 1%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">0.5625</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 46.9338%;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Diluted</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 9.97547%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">32</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">0.7158</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 1%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">0.5592</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 1.06296%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">0.7158</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 1%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">0.5592</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 46.9338%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Earnings per share from discontinued operations (based on weighted average number of shares outstanding) &#8211; R$</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 9.97547%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; width: 1%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; width: 1.06296%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; width: 1%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 46.9338%;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Basic</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 9.97547%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">32</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">0.0598</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 1%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">0.2576</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 1.06296%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">0.0598</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 1%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">0.2576</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 46.9338%; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Diluted</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 9.97547%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">32</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">0.0595</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 1%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">0.2561</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 1.06296%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">0.0595</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 1%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">0.2561</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 11pt;">&nbsp;</font></p>
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The accompanying notes are an integral part of the </font><font style="font-family: 'Times New Roman';">f</font><font style="font-family: 'Times New Roman';">inancial </font><font style="font-family: 'Times New Roman';">statements</font><font style="font-family: 'Times New Roman';">.</font></font></p>
</div>
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';"><br></font></font></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>7</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
</div><div style="font-family: 'times new roman', times; font-size: 10pt;">
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';"><br></font></font></p>
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Ultrapar Participa&#231;&#245;es S.A. and</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">Subsidiaries</font></font></p>
<div style="margin: 2pt 0pt 0pt; text-align: justify;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#" name="B666_7D38SO8FGW00000000000000000000" class="customBookmark"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Statements of Comprehensive Income</font></a></div>
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">For</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> </font><font style="font-family: 'Times New Roman'; font-weight: bold;">the </font><font style="font-family: 'Times New Roman'; font-weight: bold;">years</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> e</font><font style="font-family: 'Times New Roman'; font-weight: bold;">nded </font><font style="font-family: 'Times New Roman'; font-weight: bold;">December</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> 3</font><font style="font-family: 'Times New Roman'; font-weight: bold;">1</font><font style="font-family: 'Times New Roman'; font-weight: bold;">, 202</font><font style="font-family: 'Times New Roman'; font-weight: bold;">1</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> and 20</font><font style="font-family: 'Times New Roman'; font-weight: bold;">20</font></font></p>
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic;">(In thousands of Brazilian Reais)</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 235px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Parent</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Consolidated</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 47%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Note</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2021</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2021</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2020</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Net income for the year</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">850,463</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">893,383</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">883,878</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">927,697</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Items that are subsequently reclassified to profit or loss:</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Fair value adjustments of financial instruments, net of taxes</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">26.g.1</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(147)</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">126</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(147)</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">126</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Fair value adjustments of financial instruments of subsidiaries, net of taxes</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">13.a; 26.g.1</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">7,352</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(313,397)</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">7,322</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(313,397)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Fair value adjustments of financial instruments of joint ventures, net<font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0.533333px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"><font>&nbsp;</font>of taxes</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">13.a; 26.g.1</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">99</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">190</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">99</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">190</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Cumulative translation adjustments and hedge of net investments in foreign operations, net<font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0.533333px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"><font>&nbsp;</font>of taxes</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">13.a; 26.g.2</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">73,049</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">129,169</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">73,049</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">129,169</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Items that are not subsequently reclassified to profit or loss:</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Actuarial gain of post-employment benefits, net<font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0.533333px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"><font>&nbsp;</font>of taxes</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">26.g.1</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">552</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">156</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">552</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">156</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Actuarial gain (losses) of post-employment benefits of subsidiaries, net<font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0.533333px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"><font>&nbsp;</font>of taxes</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">13.a; 26.g.1</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">29,273</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(6,623)</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">40,335</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(17,918)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Actuarial gain of post-employment benefits of joint ventures, net<font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0.533333px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"><font>&nbsp;</font>of taxes</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">13.a; 26.g.1</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,723</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">875</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,723</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">875</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Total comprehensive income for the year</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 18px; background-color: #cceeff; border-bottom: 2.8pt double #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">966,364</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 18px; background-color: #cceeff; border-bottom: 2.8pt double #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">703,879</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 18px; background-color: #cceeff; border-bottom: 2.8pt double #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,010,811</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 18px; background-color: #cceeff; border-bottom: 2.8pt double #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">726,898</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Total comprehensive income for the year attributable to shareholders of the Ultrapar</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">966,364</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">703,879</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">966,364</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">703,879</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Total comprehensive income for the year attributable to non-controlling interest in subsidiaries</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">44,447</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">23,019</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The accompanying notes are an integral part of the </font><font style="font-family: 'Times New Roman';">financial </font><font style="font-family: 'Times New Roman';">statements</font><font style="font-family: 'Times New Roman';">.</font></font></p>
</div>
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';"><br></font></font></p>
<div>
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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>8</font></font></td>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
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</div><div style="font-family: 'times new roman', times; font-size: 10pt;">
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<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries&nbsp;</font></p>
<div style="margin: 2pt 0pt 0pt; text-align: justify;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#" name="B212121_VA60FQG6CG00000000000000000000" class="customBookmark"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Statements of Changes in Equity</font></a></div>
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">For the </font><font style="font-family: 'Times New Roman'; font-weight: bold;">years</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> </font><font style="font-family: 'Times New Roman'; font-weight: bold;">e</font><font style="font-family: 'Times New Roman'; font-weight: bold;">nded </font><font style="font-family: 'Times New Roman'; font-weight: bold;">December</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> 3</font><font style="font-family: 'Times New Roman'; font-weight: bold;">1</font><font style="font-family: 'Times New Roman'; font-weight: bold;">, 202</font><font style="font-family: 'Times New Roman'; font-weight: bold;">1</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> and 20</font><font style="font-family: 'Times New Roman'; font-weight: bold;">20&nbsp; &nbsp;</font></font></p>
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic;">(In thousands of Brazilian Reais, except dividends per share)</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 11pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Times New Roman'; font-size: 11pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></p>
<table cellspacing="0" cellpadding="0" style="height: 727px; border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 92.6512%;" width="100%">

<tr style="height: 17px;">
<td style="vertical-align: bottom; height: 17px; width: 8.43254%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 3.86905%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 4.26587%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 5.25794%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 4.26587%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 4.6627%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.09127%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 5.65476%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 1.09127%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000;">&nbsp;</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1px solid #000000; width: 9.82143%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000;">Profit reserve</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 1.09127%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 5.75397%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 1.09127%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 5.75397%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 4.6627%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 1.16144%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 5.25794%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1px solid #000000; width: 12.7976%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000;">Equity attributable to:</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 1.09127%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 6.05159%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 8.43254%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 3.86905%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000;">Note</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 4.26587%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000;">Share capital</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 5.25794%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000;">Equity instrument granted</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 4.26587%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000;">Capital reserve</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 4.6627%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000;">Treasury shares</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 10px; width: 1.09127%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; width: 5.65476%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000;">Revaluation reserve on subsidiaries</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; width: 1.09127%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; width: 4.16667%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000;">Legal reserve</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; width: 5.65476%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000;">Investments statutory reserve</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; width: 1.09127%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; width: 5.75397%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000;">Valuation adjustments</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; width: 1.09127%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; width: 5.75397%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000;">Cumulative translation adjustments</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; width: 4.6627%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000;">Retained earnings</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; width: 1.16144%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; width: 5.25794%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000;">Additional dividends to </font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000;">the minimum mandatory dividends</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; width: 6.15079%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000;">Shareholders of the Company</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; width: 1.09127%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; width: 5.55556%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000;">Non-controlling interests in subsidiaries</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; width: 1.09127%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; width: 6.05159%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000;">Consolidated equity</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 8.43254%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000;">Balance as of December 31, 2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 3.86905%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 4.26587%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000;"> 5,171,752</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 5.25794%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000;"> 22,404</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 4.26587%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000;"> 594,049</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 4.6627%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000;">(489,068)</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.09127%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 5.65476%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000;"> 4,337</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.09127%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 4.16667%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000;"> 750,010</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 5.65476%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000;"> 3,658,265</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.09127%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 5.75397%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000;">(464,990)</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.09127%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 5.75397%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000;"> 231,596</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 4.6627%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000;">-&nbsp; </font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.16144%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 5.25794%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000;"> 55,391</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 6.15079%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000;"> 9,533,746</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.09127%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 5.55556%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000;"> 376,519</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.09127%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 6.05159%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000;"> 9,910,265</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 8.43254%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">Net income for the year</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 3.86905%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 4.26587%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 5.25794%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 4.26587%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 4.6627%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.09127%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 5.65476%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.09127%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 4.16667%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 5.65476%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.09127%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 5.75397%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.09127%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 5.75397%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 4.6627%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;"> 850,463</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.16144%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 5.25794%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 6.15079%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;"> 850,463</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.09127%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 5.55556%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;"> 33,415</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.09127%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 6.05159%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;"> 883,878</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 8.43254%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">Other comprehensive income:</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 3.86905%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 4.26587%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 5.25794%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 4.26587%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 4.6627%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.09127%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 5.65476%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.09127%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 4.16667%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 5.65476%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.09127%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 5.75397%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.09127%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 5.75397%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 4.6627%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.16144%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 5.25794%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 6.15079%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.09127%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 5.55556%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.09127%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 6.05159%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 51px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 51px; background-color: #cceeff; width: 8.43254%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">Fair value adjustments of available for financial instruments, net of income taxes:</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 51px; background-color: #cceeff; width: 3.86905%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">13.a; 26.g.1</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 51px; background-color: #cceeff; width: 4.26587%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 51px; background-color: #cceeff; width: 5.25794%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 51px; background-color: #cceeff; width: 4.26587%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 51px; background-color: #cceeff; width: 4.6627%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 51px; background-color: #cceeff; width: 1.09127%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 51px; background-color: #cceeff; width: 5.65476%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 51px; background-color: #cceeff; width: 1.09127%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 51px; background-color: #cceeff; width: 4.16667%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 51px; background-color: #cceeff; width: 5.65476%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 51px; background-color: #cceeff; width: 1.09127%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 51px; background-color: #cceeff; width: 5.75397%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;"> 7,304</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 51px; background-color: #cceeff; width: 1.09127%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 51px; background-color: #cceeff; width: 5.75397%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 51px; background-color: #cceeff; width: 4.6627%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 51px; background-color: #cceeff; width: 1.16144%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 51px; background-color: #cceeff; width: 5.25794%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 51px; background-color: #cceeff; width: 6.15079%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;"> 7,304</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 51px; background-color: #cceeff; width: 1.09127%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 51px; background-color: #cceeff; width: 5.55556%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">(30)</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 51px; background-color: #cceeff; width: 1.09127%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 51px; background-color: #cceeff; width: 6.05159%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;"> 7,274</font></p>
</td>
</tr>
<tr style="height: 34px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; width: 8.43254%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">Actuarial gain of post-employment benefits, net of income taxes</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; width: 3.86905%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">13.a; 26.g.1</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; width: 4.26587%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; width: 5.25794%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; width: 4.26587%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; width: 4.6627%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; width: 1.09127%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; width: 5.65476%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; width: 1.09127%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; width: 4.16667%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; width: 5.65476%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; width: 1.09127%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; width: 5.75397%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;"> 35,548</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; width: 1.09127%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; width: 5.75397%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; width: 4.6627%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; width: 1.16144%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; width: 5.25794%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; width: 6.15079%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;"> 35,548</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; width: 1.09127%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; width: 5.55556%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;"> 11,062</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; width: 1.09127%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; width: 6.05159%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;"> 46,610</font></p>
</td>
</tr>
<tr style="height: 69px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 69px; background-color: #cceeff; width: 8.43254%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">Currency translation of foreign subsidiaries and the effect of net investments hedge, net of income taxes</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 69px; background-color: #cceeff; width: 3.86905%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">13.a; 26.g.2</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 69px; background-color: #cceeff; border-bottom: 1px solid #000000; width: 4.26587%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 69px; background-color: #cceeff; border-bottom: 1px solid #000000; width: 5.25794%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 69px; background-color: #cceeff; border-bottom: 1px solid #000000; width: 4.26587%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 69px; background-color: #cceeff; border-bottom: 1px solid #000000; width: 4.6627%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 69px; background-color: #cceeff; border-bottom-width: 1px; width: 1.09127%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 69px; background-color: #cceeff; border-bottom: 1px solid #000000; width: 5.65476%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 69px; background-color: #cceeff; border-bottom-width: 1px; width: 1.09127%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 69px; background-color: #cceeff; border-bottom: 1px solid #000000; width: 4.16667%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 69px; background-color: #cceeff; border-bottom: 1px solid #000000; width: 5.65476%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 69px; background-color: #cceeff; border-bottom-width: 1px; width: 1.09127%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 69px; background-color: #cceeff; border-bottom: 1px solid #000000; width: 5.75397%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 69px; background-color: #cceeff; border-bottom-width: 1px; width: 1.09127%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 69px; background-color: #cceeff; border-bottom: 1px solid #000000; width: 5.75397%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;"> 73,049</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 69px; background-color: #cceeff; border-bottom: 1px solid #000000; width: 4.6627%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 69px; background-color: #cceeff; border-bottom-width: 1px; width: 1.16144%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 69px; background-color: #cceeff; border-bottom: 1px solid #000000; width: 5.25794%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 69px; background-color: #cceeff; border-bottom: 1px solid #000000; width: 6.15079%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;"> 73,049</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 69px; background-color: #cceeff; border-bottom-width: 1px; width: 1.09127%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 69px; background-color: #cceeff; border-bottom: 1px solid #000000; width: 5.55556%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 69px; background-color: #cceeff; border-bottom-width: 1px; width: 1.09127%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 69px; background-color: #cceeff; border-bottom: 1px solid #000000; width: 6.05159%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;"> 73,049</font></p>
</td>
</tr>
<tr style="height: 34px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; width: 8.43254%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">Total comprehensive income for the year</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; width: 3.86905%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; border-bottom-width: 1px; width: 4.26587%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; border-bottom-width: 1px; width: 5.25794%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; border-bottom-width: 1px; width: 4.26587%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; border-bottom-width: 1px; width: 4.6627%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; border-bottom-width: 1px; width: 1.09127%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; border-bottom-width: 1px; width: 5.65476%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; border-bottom-width: 1px; width: 1.09127%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; border-bottom-width: 1px; width: 4.16667%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; border-bottom-width: 1px; width: 5.65476%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; border-bottom-width: 1px; width: 1.09127%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; border-bottom-width: 1px; width: 5.75397%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;"> 42,852</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; border-bottom-width: 1px; width: 1.09127%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; border-bottom-width: 1px; width: 5.75397%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;"> 73,049</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; border-bottom-width: 1px; width: 4.6627%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;"> 850,463</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; border-bottom-width: 1px; width: 1.16144%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; border-bottom-width: 1px; width: 5.25794%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; border-bottom-width: 1px; width: 6.15079%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;"> 966,364</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; border-bottom-width: 1px; width: 1.09127%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; border-bottom-width: 1px; width: 5.55556%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;"> 44,447</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; border-bottom-width: 1px; width: 1.09127%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; border-bottom-width: 1px; width: 6.05159%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">1,010,811</font></p>
</td>
</tr>
<tr style="height: 69px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 69px; background-color: #cceeff; width: 8.43254%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">Issuance of shares related to the subscription warrants - indemnification - Extrafarma acquisition</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 69px; background-color: #cceeff; width: 3.86905%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">26.d</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 69px; background-color: #cceeff; width: 4.26587%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 69px; background-color: #cceeff; width: 5.25794%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 69px; background-color: #cceeff; width: 4.26587%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;"> 1,819</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 69px; background-color: #cceeff; width: 4.6627%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 69px; background-color: #cceeff; width: 1.09127%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 69px; background-color: #cceeff; width: 5.65476%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 69px; background-color: #cceeff; width: 1.09127%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 69px; background-color: #cceeff; width: 4.16667%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 69px; background-color: #cceeff; width: 5.65476%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 69px; background-color: #cceeff; width: 1.09127%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 69px; background-color: #cceeff; width: 5.75397%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 69px; background-color: #cceeff; width: 1.09127%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 69px; background-color: #cceeff; width: 5.75397%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 69px; background-color: #cceeff; width: 4.6627%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 69px; background-color: #cceeff; width: 1.16144%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 69px; background-color: #cceeff; width: 5.25794%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 69px; background-color: #cceeff; width: 6.15079%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;"> 1,819</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 69px; background-color: #cceeff; width: 1.09127%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 69px; background-color: #cceeff; width: 5.55556%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 69px; background-color: #cceeff; width: 1.09127%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 69px; background-color: #cceeff; width: 6.05159%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;"> 1,819</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 8.43254%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">Equity instrument granted</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 3.86905%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">26.b</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 4.26587%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 5.25794%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">8,008</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 4.26587%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">613</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 4.6627%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">643</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.09127%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 5.65476%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.09127%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 4.16667%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 5.65476%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.09127%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 5.75397%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.09127%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 5.75397%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 4.6627%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.16144%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 5.25794%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 6.15079%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;"> 9,264</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.09127%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 5.55556%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.09127%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 6.05159%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;"> 9,264</font></p>
</td>
</tr>
<tr style="height: 34px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 8.43254%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">Equity instrument granted of subsidiaries</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 3.86905%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">13.a; 26.b</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 4.26587%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 5.25794%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;"> 3,631</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 4.26587%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 4.6627%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 1.09127%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 5.65476%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 1.09127%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 4.16667%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 5.65476%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 1.09127%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 5.75397%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 1.09127%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 5.75397%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 4.6627%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 1.16144%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 5.25794%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 6.15079%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;"> 3,631</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 1.09127%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 5.55556%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 1.09127%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 6.05159%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;"> 3,631</font></p>
</td>
</tr>
<tr style="height: 34px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; width: 8.43254%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">Realization of revaluation reserve of subsidiaries</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; width: 3.86905%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">26.e</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; width: 4.26587%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; width: 5.25794%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; width: 4.26587%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; width: 4.6627%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; width: 1.09127%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; width: 5.65476%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">(183)</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; width: 1.09127%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; width: 4.16667%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; width: 5.65476%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; width: 1.09127%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; width: 5.75397%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; width: 1.09127%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; width: 5.75397%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; width: 4.6627%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;"> 183</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; width: 1.16144%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; width: 5.25794%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; width: 6.15079%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; width: 1.09127%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; width: 5.55556%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; width: 1.09127%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; width: 6.05159%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 8.43254%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">Prescribed dividends</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 3.86905%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 4.26587%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 5.25794%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 4.26587%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 4.6627%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.09127%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 5.65476%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.09127%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 4.16667%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 5.65476%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.09127%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 5.75397%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.09127%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 5.75397%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 4.6627%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;"> 10,487</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.16144%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 5.25794%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 6.15079%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;"> 10,487</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.09127%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 5.55556%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;"> 1,329</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.09127%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 6.05159%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;"> 11,816</font></p>
</td>
</tr>
<tr style="height: 51px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 51px; width: 8.43254%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">Gains due to the payments fixed dividends to preferred shares of subsidiaries</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 51px; width: 3.86905%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 51px; width: 4.26587%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 51px; width: 5.25794%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 51px; width: 4.26587%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 51px; width: 4.6627%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 51px; width: 1.09127%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 51px; width: 5.65476%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 51px; width: 1.09127%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 51px; width: 4.16667%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 51px; width: 5.65476%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 51px; width: 1.09127%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 51px; width: 5.75397%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 51px; width: 1.09127%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 51px; width: 5.75397%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 51px; width: 4.6627%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;"> 971</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 51px; width: 1.16144%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 51px; width: 5.25794%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 51px; width: 6.15079%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;"> 971</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 51px; width: 1.09127%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 51px; width: 5.55556%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">(971)</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 51px; width: 1.09127%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 51px; width: 6.05159%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
</tr>
<tr style="height: 34px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 8.43254%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">Shareholder transaction &#8211; changes of investments</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 3.86905%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 4.26587%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 5.25794%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 4.26587%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 4.6627%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 1.09127%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 5.65476%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 1.09127%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 4.16667%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 5.65476%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;"> 11,641</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 1.09127%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 5.75397%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 1.09127%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 5.75397%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 4.6627%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">(11,641)</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 1.16144%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 5.25794%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 6.15079%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 1.09127%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 5.55556%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 1.09127%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 6.05159%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
</tr>
<tr style="height: 34px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; width: 8.43254%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">Dividends attributable to non-controlling interests</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; width: 3.86905%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; width: 4.26587%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; width: 5.25794%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; width: 4.26587%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; width: 4.6627%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; width: 1.09127%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; width: 5.65476%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; width: 1.09127%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; width: 4.16667%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; width: 5.65476%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; width: 1.09127%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; width: 5.75397%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; width: 1.09127%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; width: 5.75397%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; width: 4.6627%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; width: 1.16144%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; width: 5.25794%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; width: 6.15079%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; width: 1.09127%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; width: 5.55556%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">(19,005)</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; width: 1.09127%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; width: 6.05159%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">(19,005)</font></p>
</td>
</tr>
<tr style="height: 34px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 8.43254%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">Approval of additional dividends by the Shareholders&#8217; Meeting</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 3.86905%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">26.h</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 4.26587%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 5.25794%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 4.26587%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 4.6627%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 1.09127%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 5.65476%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 1.09127%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 4.16667%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 5.65476%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 1.09127%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 5.75397%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 1.09127%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 5.75397%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 4.6627%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 1.16144%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 5.25794%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">(55,391)</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 6.15079%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">(55,391)</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 1.09127%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 5.55556%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 1.09127%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 6.05159%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">(55,391)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 8.43254%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">Allocation of net income:</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 3.86905%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 4.26587%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 5.25794%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 4.26587%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 4.6627%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.09127%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 5.65476%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.09127%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 4.16667%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 5.65476%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.09127%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 5.75397%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.09127%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 5.75397%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 4.6627%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.16144%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 5.25794%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 6.15079%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.09127%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 5.55556%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.09127%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 6.05159%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 8.43254%;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">Legal reserve</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 3.86905%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">26.f; 26.h</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 4.26587%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 5.25794%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 4.26587%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 4.6627%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.09127%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 5.65476%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.09127%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 4.16667%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;"> 42,523</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 5.65476%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.09127%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 5.75397%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.09127%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 5.75397%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 4.6627%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">(42,523)</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.16144%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 5.25794%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 6.15079%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.09127%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 5.55556%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.09127%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 6.05159%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 8.43254%;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">Investments statutory reserve</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 3.86905%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">26.f; 26.h</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 4.26587%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 5.25794%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 4.26587%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 4.6627%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.09127%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 5.65476%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.09127%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 4.16667%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 5.65476%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">403,970</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.09127%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 5.75397%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.09127%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 5.75397%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 4.6627%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">(403,970)</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.16144%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 5.25794%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 6.15079%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.09127%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 5.55556%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.09127%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 6.05159%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
</tr>
<tr style="height: 34px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 8.43254%;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">Proposed dividends (R$ 0.17 per share)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 3.86905%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">26.h</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 4.26587%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 5.25794%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 4.26587%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 4.6627%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 1.09127%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 5.65476%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 1.09127%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 4.16667%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 5.65476%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 1.09127%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 5.75397%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 1.09127%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 5.75397%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 4.6627%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">(185,896)</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 1.16144%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 5.25794%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 6.15079%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">(185,896)</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 1.09127%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 5.55556%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 1.09127%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 6.05159%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">(185,896)</font></p>
</td>
</tr>
<tr style="height: 34px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; width: 8.43254%;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">Intermediary dividends (R$ 0.20 per share)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; width: 3.86905%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">26.h</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; border-bottom: 1px solid #000000; width: 4.26587%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; border-bottom: 1px solid #000000; width: 5.25794%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; border-bottom: 1px solid #000000; width: 4.26587%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; border-bottom: 1px solid #000000; width: 4.6627%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; border-bottom-width: 1px; width: 1.09127%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; border-bottom: 1px solid #000000; width: 5.65476%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; border-bottom-width: 1px; width: 1.09127%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; border-bottom: 1px solid #000000; width: 4.16667%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; border-bottom: 1px solid #000000; width: 5.65476%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; border-bottom-width: 1px; width: 1.09127%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; border-bottom: 1px solid #000000; width: 5.75397%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; border-bottom-width: 1px; width: 1.09127%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; border-bottom: 1px solid #000000; width: 5.75397%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; border-bottom: 1px solid #000000; width: 4.6627%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">(218,074)</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; border-bottom-width: 1px; width: 1.16144%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; border-bottom: 1px solid #000000; width: 5.25794%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; border-bottom: 1px solid #000000; width: 6.15079%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">(218,074)</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; border-bottom-width: 1px; width: 1.09127%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; border-bottom: 1px solid #000000; width: 5.55556%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; border-bottom-width: 1px; width: 1.09127%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; border-bottom: 1px solid #000000; width: 6.05159%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">(218,074)</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; width: 8.43254%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000;">Balance as of December 31, 2021</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; width: 3.86905%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000; width: 4.26587%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000;"> 5,171,752</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000; width: 5.25794%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000;"> 34,043</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000; width: 4.26587%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000;"> 596,481</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000; width: 4.6627%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000;">(488,425)</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 18px; width: 1.09127%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000; width: 5.65476%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000;"> 4,154</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 18px; width: 1.09127%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000; width: 4.16667%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000;"> 792,533</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000; width: 5.65476%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000;"> 4,073,876</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 18px; width: 1.09127%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000; width: 5.75397%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000;">(422,138)</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 18px; width: 1.09127%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000; width: 5.75397%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000;"> 304,645</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000; width: 4.6627%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000;">-&nbsp; </font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 18px; width: 1.16144%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000; width: 5.25794%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000; width: 6.15079%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000;"> 10,066,921</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 18px; width: 1.09127%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000; width: 5.55556%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000;"> 402,319</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 18px; width: 1.09127%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000; width: 6.05159%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000;"> 10,469,240</font></p>
</td>
</tr>

</table>
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 9pt;">&nbsp;</font></p>
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The accompanying notes are an integral part of the </font><font style="font-family: 'Times New Roman';">financial </font><font style="font-family: 'Times New Roman';">statements</font><font style="font-family: 'Times New Roman';">.</font></font></p>
</div>
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';"><br></font></font></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>9</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"><br></font></p>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries&nbsp;</font></p>
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Statements of Changes in Equity</font></p>
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">For </font><font style="font-family: 'Times New Roman'; font-weight: bold;">the </font><font style="font-family: 'Times New Roman'; font-weight: bold;">years</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> </font><font style="font-family: 'Times New Roman'; font-weight: bold;">e</font><font style="font-family: 'Times New Roman'; font-weight: bold;">nded </font><font style="font-family: 'Times New Roman'; font-weight: bold;">December</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> 3</font><font style="font-family: 'Times New Roman'; font-weight: bold;">1</font><font style="font-family: 'Times New Roman'; font-weight: bold;">, 202</font><font style="font-family: 'Times New Roman'; font-weight: bold;">1</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> and 20</font><font style="font-family: 'Times New Roman'; font-weight: bold;">20&nbsp;</font></font></p>
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic;">(In thousands of Brazilian Reais, except dividends per share)</font></p>
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 11pt; font-style: italic;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="height: 719px; border-collapse: collapse; margin-top: 0px; margin-bottom: 0px; font-family: 'times new roman'; font-size: 10pt; width: 93.5881%; margin-left: 0.1px;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 7.01754%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 3.30237%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 4.02477%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 5.46956%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 3.92157%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 1.13519%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 4.64396%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 1.13519%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 5.88235%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 1.13519%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000; height: 17px; width: 9.70072%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;">Profit reserve</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 1.13519%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 5.98555%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 1.13519%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 5.98555%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 4.64396%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 1.13519%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 5.46956%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 1.13519%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000; height: 17px; width: 13.3127%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;">Equity attributable to:</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 1.13519%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 6.29515%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 7.01754%;">
<p style="margin: 0pt;"><font style="color: #0563c1; font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 3.30237%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;">Note</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 4.02477%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;">Share capital</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 5.46956%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;">Equity instrument granted</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; width: 3.92157%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;">Capital reserve</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; width: 1.13519%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; width: 4.64396%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;">Treasury shares</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; width: 1.13519%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; width: 5.88235%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;">Revaluation reserve on subsidiaries</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; width: 1.13519%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; width: 3.81837%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;">Legal reserve</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; width: 5.88235%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;">Investments statutory reserve</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; width: 1.13519%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; width: 5.98555%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;">Valuation adjustments</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; width: 1.13519%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; width: 5.98555%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;">Cumulative translation adjustments</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; width: 4.64396%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;">Retained earnings</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; width: 1.13519%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; width: 5.46956%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;">Additional dividends to the minimum mandatory dividends</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; width: 1.13519%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; width: 6.39835%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;">Shareholders of the Company</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; width: 1.13519%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; width: 5.77915%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;">Non-controlling interests in subsidiaries</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; width: 1.13519%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; width: 6.29515%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;">Consolidated equity</font></p>
</td>
</tr>
<tr style="height: 34px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 34px; width: 7.01754%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;">Balance as of December 31, 2019</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 34px; width: 3.30237%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 34px; width: 4.02477%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;"> 5,171,752</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 34px; width: 5.46956%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;"> 11,970</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 34px; width: 3.92157%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;"> 542,400</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 34px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 34px; width: 4.64396%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;">(485,383)</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 34px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 34px; width: 5.88235%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;"> 4,522</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 34px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 34px; width: 3.81837%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;"> 705,341</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 34px; width: 5.88235%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;"> 3,290,073</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 34px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 34px; width: 5.98555%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;">(146,317)</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 34px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 34px; width: 5.98555%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;"> 102,427</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 34px; width: 4.64396%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;">-&nbsp; </font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 34px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 34px; width: 5.46956%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;"> 261,470</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 34px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 34px; width: 6.39835%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;"> 9,458,255</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 34px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 34px; width: 5.77915%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;"> 376,920</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 34px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 34px; width: 6.29515%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;"> 9,835,175</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 7.01754%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">Net income for the year</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 3.30237%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 4.02477%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-&nbsp; </font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 5.46956%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-&nbsp; </font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 3.92157%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-&nbsp; </font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 4.64396%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-&nbsp; </font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 5.88235%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-&nbsp; </font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 3.81837%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-&nbsp; </font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 5.88235%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-&nbsp; </font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 5.98555%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-&nbsp; </font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 5.98555%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-&nbsp; </font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 4.64396%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;"> 893,383</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 5.46956%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-&nbsp; </font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 6.39835%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;"> 893,383</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 5.77915%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;"> 34,314</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 6.29515%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;"> 927,697</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 7.01754%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">Other comprehensive income:</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 3.30237%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 4.02477%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 5.46956%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 3.92157%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 4.64396%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 5.88235%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 3.81837%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 5.88235%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 5.98555%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 5.98555%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 4.64396%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 5.46956%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 6.39835%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 5.77915%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 6.29515%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 51px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 51px; width: 7.01754%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">Fair value adjustments of available for financial instruments, net of income taxes</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 51px; width: 3.30237%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">13.a; 26.g.1</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 51px; width: 4.02477%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 51px; width: 5.46956%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 51px; width: 3.92157%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 51px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 51px; width: 4.64396%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 51px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 51px; width: 5.88235%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 51px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 51px; width: 3.81837%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 51px; width: 5.88235%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 51px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 51px; width: 5.98555%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">(313,081)</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 51px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 51px; width: 5.98555%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 51px; width: 4.64396%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 51px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 51px; width: 5.46956%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 51px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 51px; width: 6.39835%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">(313,081)</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 51px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 51px; width: 5.77915%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 51px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 51px; width: 6.29515%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">(313,081)</font></p>
</td>
</tr>
<tr style="height: 51px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 51px; width: 7.01754%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">Actuarial losses of post-employment benefits, net of income taxes</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 51px; width: 3.30237%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">13.a; 26.g.1</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 51px; width: 4.02477%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 51px; width: 5.46956%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 51px; width: 3.92157%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 51px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 51px; width: 4.64396%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 51px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 51px; width: 5.88235%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 51px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 51px; width: 3.81837%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 51px; width: 5.88235%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 51px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 51px; width: 5.98555%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">(5,592)</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 51px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 51px; width: 5.98555%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 51px; width: 4.64396%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 51px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 51px; width: 5.46956%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 51px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 51px; width: 6.39835%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">(5,592)</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 51px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 51px; width: 5.77915%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">(11,295)</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 51px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 51px; width: 6.29515%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">(16,887)</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 7.01754%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">Currency translation of foreign subsidiaries, including the effect of net investments hedge</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 3.30237%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">13.a; 26.g.2</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; border-bottom: 1px solid #000000; height: 10px; width: 4.02477%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; border-bottom: 1px solid #000000; height: 10px; width: 5.46956%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; border-bottom: 1px solid #000000; height: 10px; width: 3.92157%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; border-bottom: 1px solid #000000; height: 10px; width: 4.64396%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; border-bottom: 1px solid #000000; height: 10px; width: 5.88235%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; border-bottom: 1px solid #000000; height: 10px; width: 3.81837%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; border-bottom: 1px solid #000000; height: 10px; width: 5.88235%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; border-bottom: 1px solid #000000; height: 10px; width: 5.98555%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; border-bottom: 1px solid #000000; height: 10px; width: 5.98555%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;"> 129,169</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; border-bottom: 1px solid #000000; height: 10px; width: 4.64396%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; border-bottom: 1px solid #000000; height: 10px; width: 5.46956%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; border-bottom: 1px solid #000000; height: 10px; width: 6.39835%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;"> 129,169</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; border-bottom: 1px solid #000000; height: 10px; width: 5.77915%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; border-bottom: 1px solid #000000; height: 10px; width: 6.29515%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;"> 129,169</font></p>
</td>
</tr>
<tr style="height: 34px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 34px; width: 7.01754%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">Total comprehensive income for the year</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 34px; width: 3.30237%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 34px; border-bottom-width: 1px; width: 4.02477%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 34px; border-bottom-width: 1px; width: 5.46956%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 34px; border-bottom-width: 1px; width: 3.92157%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 34px; border-bottom-width: 1px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 34px; border-bottom-width: 1px; width: 4.64396%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 34px; border-bottom-width: 1px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 34px; border-bottom-width: 1px; width: 5.88235%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 34px; border-bottom-width: 1px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 34px; border-bottom-width: 1px; width: 3.81837%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 34px; border-bottom-width: 1px; width: 5.88235%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 34px; border-bottom-width: 1px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 34px; border-bottom-width: 1px; width: 5.98555%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">(318,673)</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 34px; border-bottom-width: 1px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 34px; border-bottom-width: 1px; width: 5.98555%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;"> 129,169</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 34px; border-bottom-width: 1px; width: 4.64396%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;"> 893,383</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 34px; border-bottom-width: 1px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 34px; border-bottom-width: 1px; width: 5.46956%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 34px; border-bottom-width: 1px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 34px; border-bottom-width: 1px; width: 6.39835%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;"> 703,879</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 34px; border-bottom-width: 1px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 34px; border-bottom-width: 1px; width: 5.77915%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;"> 23,019</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 34px; border-bottom-width: 1px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 34px; border-bottom-width: 1px; width: 6.29515%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;"> 726,898</font></p>
</td>
</tr>
<tr style="height: 69px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 69px; width: 7.01754%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">Issuance of shares related to the subscription warrants - indemnification - Extrafarma acquisition</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 69px; width: 3.30237%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">26.d</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 69px; width: 4.02477%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 69px; width: 5.46956%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 69px; width: 3.92157%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;"> 54,763</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 69px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 69px; width: 4.64396%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 69px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 69px; width: 5.88235%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 69px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 69px; width: 3.81837%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 69px; width: 5.88235%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 69px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 69px; width: 5.98555%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 69px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 69px; width: 5.98555%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 69px; width: 4.64396%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 69px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 69px; width: 5.46956%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 69px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 69px; width: 6.39835%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;"> 54,763</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 69px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 69px; width: 5.77915%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 69px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 69px; width: 6.29515%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;"> 54,763</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 7.01754%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">Stock plan</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 3.30237%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">9.c</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 4.02477%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 5.46956%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 3.92157%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">(3,114)</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 4.64396%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">(3,685)</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 5.88235%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 3.81837%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 5.88235%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 5.98555%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 5.98555%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 4.64396%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 5.46956%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 6.39835%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">(6,799)</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 5.77915%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 6.29515%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">(6,799)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 7.01754%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">Equity instrument granted</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 3.30237%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">26.b</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 4.02477%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 5.46956%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;"> 4,526</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 3.92157%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 4.64396%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 5.88235%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 3.81837%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 5.88235%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 5.98555%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 5.98555%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 4.64396%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 5.46956%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 6.39835%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;"> 4,526</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 5.77915%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 6.29515%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;"> 4,526</font></p>
</td>
</tr>
<tr style="height: 34px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 34px; width: 7.01754%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">Equity instrument granted of subsidiaries</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 34px; width: 3.30237%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">13.a; 26.b</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 34px; width: 4.02477%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 34px; width: 5.46956%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;"> 5,908</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 34px; width: 3.92157%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 34px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 34px; width: 4.64396%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 34px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 34px; width: 5.88235%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 34px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 34px; width: 3.81837%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 34px; width: 5.88235%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 34px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 34px; width: 5.98555%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 34px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 34px; width: 5.98555%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 34px; width: 4.64396%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 34px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 34px; width: 5.46956%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 34px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 34px; width: 6.39835%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;"> 5,908</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 34px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 34px; width: 5.77915%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 34px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 34px; width: 6.29515%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;"> 5,908</font></p>
</td>
</tr>
<tr style="height: 69px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 69px; width: 7.01754%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">Income and social contribution taxes on realization of revaluation reserve of subsidiaries</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 69px; width: 3.30237%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">26.e</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 69px; width: 4.02477%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 69px; width: 5.46956%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 69px; width: 3.92157%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 69px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 69px; width: 4.64396%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 69px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 69px; width: 5.88235%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">(185)</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 69px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 69px; width: 3.81837%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 69px; width: 5.88235%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 69px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 69px; width: 5.98555%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 69px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 69px; width: 5.98555%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 69px; width: 4.64396%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;"> 185</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 69px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 69px; width: 5.46956%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 69px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 69px; width: 6.39835%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 69px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 69px; width: 5.77915%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 69px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 69px; width: 6.29515%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 7.01754%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">Transfer to statutory reserve</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 3.30237%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 4.02477%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 5.46956%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 3.92157%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 4.64396%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 5.88235%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 3.81837%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 5.88235%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">(774)</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 5.98555%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 5.98555%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 4.64396%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;"> 774</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 5.46956%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 6.39835%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 5.77915%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 6.29515%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
</tr>
<tr style="height: 34px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; width: 7.01754%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">Loss due to the payments fixed dividends to preferred shares</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; width: 3.30237%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; width: 4.02477%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; width: 5.46956%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; width: 3.92157%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; width: 4.64396%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; width: 5.88235%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; width: 3.81837%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; width: 5.88235%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; width: 5.98555%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; width: 5.98555%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; width: 4.64396%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">(1,001)</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; width: 5.46956%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; width: 6.39835%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">(1,001)</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; width: 5.77915%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;"> 1,001</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; width: 6.29515%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
</tr>
<tr style="height: 34px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 34px; width: 7.01754%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">Shareholder transaction &#8211; changes of investments</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 34px; width: 3.30237%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 34px; width: 4.02477%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 34px; width: 5.46956%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 34px; width: 3.92157%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 34px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 34px; width: 4.64396%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 34px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 34px; width: 5.88235%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 34px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 34px; width: 3.81837%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 34px; width: 5.88235%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 34px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 34px; width: 5.98555%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 34px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 34px; width: 5.98555%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 34px; width: 4.64396%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;"> 42</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 34px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 34px; width: 5.46956%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 34px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 34px; width: 6.39835%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;"> 42</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 34px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 34px; width: 5.77915%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">(42)</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 34px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 34px; width: 6.29515%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
</tr>
<tr style="height: 34px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; width: 7.01754%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">Dividends attributable to non-controlling interests</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; width: 3.30237%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; width: 4.02477%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; width: 5.46956%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; width: 3.92157%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; width: 4.64396%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; width: 5.88235%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; width: 3.81837%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; width: 5.88235%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; width: 5.98555%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; width: 5.98555%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; width: 4.64396%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; width: 5.46956%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; width: 6.39835%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; width: 5.77915%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">(24,379)</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; width: 6.29515%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">(24,379)</font></p>
</td>
</tr>
<tr style="height: 34px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 34px; width: 7.01754%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">Approval of additional dividends by the Shareholders&#8217; Meeting</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 34px; width: 3.30237%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">26.h</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 34px; width: 4.02477%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 34px; width: 5.46956%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 34px; width: 3.92157%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 34px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 34px; width: 4.64396%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 34px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 34px; width: 5.88235%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 34px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 34px; width: 3.81837%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 34px; width: 5.88235%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 34px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 34px; width: 5.98555%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 34px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 34px; width: 5.98555%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 34px; width: 4.64396%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 34px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 34px; width: 5.46956%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">(261,470)</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 34px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 34px; width: 6.39835%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">(261,470)</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 34px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 34px; width: 5.77915%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 34px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 34px; width: 6.29515%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">(261,470)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 7.01754%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">Allocation of net income:</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 3.30237%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 4.02477%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 5.46956%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 3.92157%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 4.64396%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 5.88235%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 3.81837%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 5.88235%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 5.98555%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 5.98555%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 4.64396%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 5.46956%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 6.39835%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 5.77915%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 6.29515%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 7.01754%;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">Legal reserve</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 3.30237%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">26.f; 26.h</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 4.02477%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 5.46956%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 3.92157%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 4.64396%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 5.88235%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 3.81837%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;"> 44,669</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 5.88235%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 5.98555%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 5.98555%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 4.64396%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">(44,669)</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 5.46956%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 6.39835%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 5.77915%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 6.29515%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 7.01754%;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">Investments statutory reserve</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 3.30237%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">26.f; 26.h</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 4.02477%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 5.46956%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 3.92157%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 4.64396%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 5.88235%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 3.81837%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 5.88235%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;"> 368,966</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 5.98555%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 5.98555%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 4.64396%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">(368,966)</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 5.46956%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 6.39835%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 5.77915%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; width: 6.29515%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
</tr>
<tr style="height: 34px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 34px; width: 7.01754%;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">Proposed dividends (R$ 0.44 per share)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 34px; width: 3.30237%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">26.h</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; border-bottom: 1px solid #000000; height: 34px; width: 4.02477%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; border-bottom: 1px solid #000000; height: 34px; width: 5.46956%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; border-bottom: 1px solid #000000; height: 34px; width: 3.92157%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 34px; border-bottom-width: 1px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; border-bottom: 1px solid #000000; height: 34px; width: 4.64396%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 34px; border-bottom-width: 1px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; border-bottom: 1px solid #000000; height: 34px; width: 5.88235%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 34px; border-bottom-width: 1px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; border-bottom: 1px solid #000000; height: 34px; width: 3.81837%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; border-bottom: 1px solid #000000; height: 34px; width: 5.88235%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 34px; border-bottom-width: 1px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; border-bottom: 1px solid #000000; height: 34px; width: 5.98555%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 34px; border-bottom-width: 1px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; border-bottom: 1px solid #000000; height: 34px; width: 5.98555%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 34px; border-bottom: 1px solid #000000; width: 4.64396%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">(479,748)</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 34px; border-bottom-width: 1px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 34px; border-bottom: 1px solid #000000; width: 5.46956%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;"> 55,391</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 34px; border-bottom-width: 1px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 34px; border-bottom: 1px solid #000000; width: 6.39835%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">(424,357)</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 34px; border-bottom-width: 1px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 34px; border-bottom: 1px solid #000000; width: 5.77915%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 34px; border-bottom-width: 1px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 34px; border-bottom: 1px solid #000000; width: 6.29515%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">(424,357)</font></p>
</td>
</tr>
<tr style="height: 34px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; width: 7.01754%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;">Balance as of December 31, 2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; width: 3.30237%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; border-bottom: 2.8pt double #000000; width: 4.02477%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;"> 5,171,752</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; border-bottom: 2.8pt double #000000; width: 5.46956%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;"> 22,404</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; border-bottom: 2.8pt double #000000; width: 3.92157%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;"> 594,049</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; border-bottom: 2.8pt double #000000; width: 4.64396%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;">(489,068)</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; border-bottom: 2.8pt double #000000; width: 5.88235%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;"> 4,337</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; border-bottom: 2.8pt double #000000; width: 3.81837%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;"> 750,010</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; border-bottom: 2.8pt double #000000; width: 5.88235%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;"> 3,658,265</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; border-bottom: 2.8pt double #000000; width: 5.98555%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;">(464,990)</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; border-bottom: 2.8pt double #000000; width: 5.98555%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;"> 231,596</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; border-bottom: 2.8pt double #000000; width: 4.64396%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;">-&nbsp; </font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; border-bottom: 2.8pt double #000000; width: 5.46956%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;"> 55,391</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; border-bottom: 2.8pt double #000000; width: 6.39835%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;"> 9,533,746</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; border-bottom: 2.8pt double #000000; width: 5.77915%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;"> 376,519</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; width: 1.13519%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; border-bottom: 2.8pt double #000000; width: 6.29515%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;"> 9,910,265</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 11pt;">&nbsp;</font></p>
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The accompanying notes are an integral part of the financial </font><font style="font-family: 'Times New Roman';">statements</font><font style="font-family: 'Times New Roman';">.</font></font></p>
</div>
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';"><br></font></font></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>10</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
</div><div style="font-family: 'times new roman', times; font-size: 10pt;">
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Ultrapar Participa&#231;&#245;es S.A. and</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">Subsidiaries</font></font></p>
<div style="margin: 2pt 0pt 0pt; text-align: justify;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#" name="B565656_PLIK6EOIF400000000000000000000" class="customBookmark"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Statements of </font><font style="font-family: 'Times New Roman';">C</font><font style="font-family: 'Times New Roman';">ash </font><font style="font-family: 'Times New Roman';">F</font><font style="font-family: 'Times New Roman';">lows </font><font style="font-family: 'Times New Roman';">&#8211;</font><font style="font-family: 'Times New Roman';"> Indirect </font><font style="font-family: 'Times New Roman';">M</font><font style="font-family: 'Times New Roman';">ethod</font></font></a></div>
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">For</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> the </font><font style="font-family: 'Times New Roman'; font-weight: bold;">years</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> e</font><font style="font-family: 'Times New Roman'; font-weight: bold;">nded </font><font style="font-family: 'Times New Roman'; font-weight: bold;">December</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> 3</font><font style="font-family: 'Times New Roman'; font-weight: bold;">1</font><font style="font-family: 'Times New Roman'; font-weight: bold;">, 202</font><font style="font-family: 'Times New Roman'; font-weight: bold;">1</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> and 20</font><font style="font-family: 'Times New Roman'; font-weight: bold;">20</font></font></p>
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic;">(In thousands of Brazilian Reais)</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
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<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Parent</font></p>
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Consolidated</font></p>
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 47%; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Note</font></p>
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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2021</font></p>
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2020</font></p>
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2021</font></p>
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2020</font></p>
</td>
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Restated</font></p>
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Restated</font></p>
</td>
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<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Cash flows from operating activities</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 17px; padding: 0px 4px 0px 0px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 17px; padding: 0px 4px 0px 0px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 17px; padding: 0px 4px 0px 0px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 17px; padding: 0px 4px 0px 0px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 17px; padding: 0px 4px 0px 0px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 17px; padding: 0px 4px 0px 0px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 17px; padding: 0px 4px 0px 0px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Profit from continuing operations</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">785,199</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">612,750</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">818,615</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">647,064</font></p>
</td>
</tr>
<tr style="height: 34px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Adjustments to reconcile net income to cash provided by operating activities from continuing operations</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Share of loss (profit) of subsidiaries, joint ventures and associates</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">13</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(828,972)</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(669,933)</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">17,634</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">44,031</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Amortization of contractual assets with customers &#8211; exclusive rights</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">12</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">282,521</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">289,436</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Amortization of right-of-use assets</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">14.a</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">6,093</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,690</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">260,716</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">242,670</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Depreciation and amortization</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">15; 16</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">11,936</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,775</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">653,118</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">595,531</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">PIS and COFINS credits on depreciation</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">15; 16</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">7,081</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">6,062</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Interest and foreign exchange rate variations</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">26,985</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">99,209</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,133,882</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">533,926</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Deferred income and social contribution taxes</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">10.b</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(7,693)</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(23,246)</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(242,246)</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(234,244)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Current income and social contribution taxes</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">10.b</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(3,022)</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,299</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">430,280</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">538,761</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Loss on disposal of property, plant, and equipment and intangibles</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">29</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(124)</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(184,189)</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(85,455)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Reversion (loss) allowance for expected credit losses</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">6</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(3,123)</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">15,281</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Provision for losses in inventories</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">7</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(826)</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,338</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Provision for post-employment benefits</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">21.b</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(98)</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2,195)</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2,393)</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(15,867)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Equity instrument granted</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">9,264</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,526</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">9,364</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">8,793</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Provision of decarbonization &#8211; CBIO</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">30</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">161,281</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">124,287</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Provision for tax, civil, and labor risks</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">23.a</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(30)</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(119)</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">93,328</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">21,582</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Other provisions and adjustments</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,759)</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">895</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,331</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,912)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2,221)</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">33,651</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,437,374</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,731,284</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">(Increase) decrease in current assets</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Trade receivables and reseller financing</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">6</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(968,787)</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">481,984</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Inventories</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">7</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,626,670)</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">108,136</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Recoverable taxes</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">8</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(10,538)</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,648</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(672,607)</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(115,316)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Dividends received from subsidiaries and joint ventures</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">428,459</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">212,842</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,005</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,836</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Other receivables</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(47,215)</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(51,979)</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(24,360)</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(18,922)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Prepaid expenses</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">11</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(3,864)</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(3,612)</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(61,573)</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(70,503)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Increase (decrease) in current liabilities</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Trade payables</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">18</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">10,011</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">14,697</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,425,821</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">798,180</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Salaries and related charges</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">19</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">13,077</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">41,442</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">63,066</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">15,644</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Taxes payable</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">20</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">285</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">423</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">11,733</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">22,925</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Post-employment benefits</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">21.b</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">237</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2,814)</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,273</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Other payables</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,543)</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">10,153</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(36,357)</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(16,663)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Deferred revenue</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">24</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(10,614)</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(9,814)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">(Increase) decrease in non-current assets</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Trade receivables and reseller financing</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">6</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">12,008</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(73,035)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Recoverable taxes</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">8</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">15,964</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(153,526)</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(667,894)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Escrow deposits</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">23</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(16)</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">15</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(43,324)</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(26,492)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Other receivables</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">73,903</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(27,738)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Prepaid expenses</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">11</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,139</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(3,633)</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">35,962</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">6,683</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Increase (decrease) in non-current liabilities</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Post-employment benefits</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">21.b</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">6,130</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,958</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">11,907</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">8,700</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Provision for tax, civil, and labor risks</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">23.a</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(28)</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(104)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Other payables</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,043</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">7,240</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(17,193)</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(34,721)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Acquisition of CBIO</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">16</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(176,837)</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(125,345)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Payments of contractual assets with customers &#8211; exclusive rights</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">12</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(420,261)</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(356,045)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Payments of contingencies</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">23.a</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(24,351)</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(39,256)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Income and social contribution taxes paid</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(230,036)</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(333,784)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Net cash provided by operating activities from continuing operations</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom: 1px solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">414,948</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom: 1px solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">267,845</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom: 1px solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,603,441</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom: 1px solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,264,013</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Net cash provided by operating activities from discontinued operations</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">269,299</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">86,907</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">982,519</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">874,106</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Net cash provided by operating activities</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">684,247</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">354,752</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,585,960</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,138,119</font></p>
</td>
</tr>

</table>
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><br></p>
</div>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>11</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<p><br></p>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></p>
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Statements of Cash Flows </font><font style="font-family: 'Times New Roman';">&#8211;</font><font style="font-family: 'Times New Roman';"> Indirect Method</font></font></p>
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">For the </font><font style="font-family: 'Times New Roman'; font-weight: bold;">years</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> ended </font><font style="font-family: 'Times New Roman'; font-weight: bold;">December</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> 3</font><font style="font-family: 'Times New Roman'; font-weight: bold;">1</font><font style="font-family: 'Times New Roman'; font-weight: bold;">, 202</font><font style="font-family: 'Times New Roman'; font-weight: bold;">1</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> and 20</font><font style="font-family: 'Times New Roman'; font-weight: bold;">20</font></font></p>
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic;">(In thousands of Brazilian Reais)</font></p>
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 674px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Parent</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Consolidated</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 47%; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2021</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1%; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1%; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2021</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1%; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2020</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Cash flows from investing activities</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Restated</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Restated</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Financial investments, net of redemptions</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5.b</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(24,285)</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">7,729</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,863,053</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(869,748)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Acquisition of property, plant, and equipment</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">15</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(11,760)</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(13,539)</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,028,419)</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(750,618)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Acquisition of intangible assets</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">16</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(197)</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(9,111)</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(237,488)</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(154,534)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Revenue on disposal of investments</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">159,657</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Capital increase in subsidiary</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">13.a</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(115,456)</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(97,956)</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Capital increase in joint ventures</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">13.b</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(25,700)</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(28,840)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Capital decrease in associates</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">13.c</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,500</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Initial direct costs of right-of-use assets</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">14</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(14,905)</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Related parties</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">9.a</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">346,672</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,334</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Proceeds from disposal of property, plant, and equipment and intangibles</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">29</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">162,837</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">154,725</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Net cash provided by (used in) investing activities from continuing operations</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">194,974</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(112,877)</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">882,869</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,649,015)</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Net cash provided by (used in) investing activities from discontinued operations</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(158,733)</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(487,390)</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Net cash provided by (used in) investing activities</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">194,974</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 18px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(112,877)</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 18px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">724,136</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 18px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2,136,405)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Cash flows from financing activities</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Loans and debentures</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 20pt; text-indent: 0.75pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Proceeds</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">17</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">994,996</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,383,611</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,387,161</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 20pt; text-indent: 0.75pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Repayments</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">17</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,000,000)</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2,426,222)</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,815,130)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 20pt; text-indent: 0.75pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Interest paid</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">17</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(102,871)</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(68,788)</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(733,791)</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(701,458)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Payments of lease</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 20pt; text-indent: 0.75pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Principal</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">14</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(8,079)</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(5,906)</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(304,975)</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(250,202)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 20pt; text-indent: 0.75pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Interest paid</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">14</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(383)</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(350)</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(15,267)</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(5,705)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Dividends paid</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">26.h</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(694,406)</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(261,422)</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(705,753)</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(284,767)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Related parties</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">9.a</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(598)</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,664</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(177)</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2,548)</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Net cash provided by (used in) in financing activities from continuing operations</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,806,337)</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">664,194</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2,802,574)</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">327,351</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Net cash provided by (used in) in financing activities from discontinued operations</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(552,967)</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(919,684)</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Net cash provided by (used in) in financing activities</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 18px; background-color: #cceeff; border-bottom: 2.8pt double #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,806,337)</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 18px; background-color: #cceeff; border-bottom: 2.8pt double #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">664,194</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 18px; background-color: #cceeff; border-bottom: 2.8pt double #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(3,355,541)</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 18px; background-color: #cceeff; border-bottom: 2.8pt double #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(592,333)</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Effect of exchange rate changes on cash and cash equivalents in foreign currency - continuing operations</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(4,547)</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">21,912</font></p>
</td>
</tr>
<tr style="height: 34px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Effect of exchange rate changes on cash and cash equivalents in foreign currency - discontinued operations</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">56,553</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">114,822</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Increase (decrease) in cash and cash equivalents</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(927,116)</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">906,069</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">6,561</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">546,115</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Cash and cash equivalents at the beginning of the year</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5.a</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">948,649</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">42,580</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,661,494</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,115,379</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Cash and cash equivalents at the end of the year</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5.a</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">21,533</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">948,649</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,668,055</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,661,494</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Cash and cash equivalents at the end of the year - continuing operations</font></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><br></td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; text-align: right;">-</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"><br></td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; text-align: right;">-</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"><br></td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; text-align: right;">2,280,074</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"><br></td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; text-align: right;">-</td>
</tr>
<tr style="height: 23px;">
<td style="height: 23px;"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Cash and cash equivalents at the end of the year - discontinued operations</font><br></td>
<td style="height: 23px;"><br></td>
<td style="height: 23px; text-align: right;">
<p><br></p>
<p>-</p>
</td>
<td style="height: 23px;"><br></td>
<td style="height: 23px; text-align: right;">
<p><br></p>
<p>-</p>
</td>
<td style="height: 23px;"><br></td>
<td style="height: 23px; text-align: right;">
<p><br></p>
<p>387,981</p>
</td>
<td style="height: 23px;"><br></td>
<td style="height: 23px; text-align: right;">
<p><br></p>
<p>-</p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Transactions without cash effect:</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Addition on right-of-use assets and leases payable</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">14.a</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">6,500</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">31,245</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">227,977</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">420,070</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Addition on contractual assets with customers &#8211; exclusive rights</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">12</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">269,725</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">193,040</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Reversion fund &#8211; private pension</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">11; 21.a</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,656</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">33,843</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Issuance of shares related to the subscription warrants &#8211; indemnification &#8211; Extrafarma acquisition</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">26.d</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,819</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">54,763</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,819</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">54,763</font></p>
</td>
</tr>

</table>
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The accompanying notes are an integral part of the</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">financial </font><font style="font-family: 'Times New Roman';">statements</font><font style="font-family: 'Times New Roman';">.</font></font></p>
<div style="width: 8.5in; margin: 0 auto;"><br></div>
</div>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt; height: 17px;">

<tr style="height: 17px;">
<td class="pgno" style="padding: 0px; text-align: center; height: 17px;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>12</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
</div><div style="font-family: 'times new roman', times; font-size: 10pt;">
<div style="width: 8.5in; margin: 0 auto;">
<p style="font-size: 11pt; line-height: 115%; margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultrapar Paticipa&#231;&#245;es S.A. and Subsidiaries</font></p>
<div style="margin: 2pt 0pt 0pt; text-align: justify;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#" name="B545454_5NIOFGL6DS00000000000000000000" class="customBookmark"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Statements of </font><font style="font-family: 'Times New Roman';">V</font><font style="font-family: 'Times New Roman';">alue </font><font style="font-family: 'Times New Roman';">A</font><font style="font-family: 'Times New Roman';">dded</font></font></a></div>
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">For</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> the </font><font style="font-family: 'Times New Roman'; font-weight: bold;">years</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> </font><font style="font-family: 'Times New Roman'; font-weight: bold;">e</font><font style="font-family: 'Times New Roman'; font-weight: bold;">nded </font><font style="font-family: 'Times New Roman'; font-weight: bold;">December</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> 3</font><font style="font-family: 'Times New Roman'; font-weight: bold;">1</font><font style="font-family: 'Times New Roman'; font-weight: bold;">, 202</font><font style="font-family: 'Times New Roman'; font-weight: bold;">1</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> and 20</font><font style="font-family: 'Times New Roman'; font-weight: bold;">20</font></font></p>
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic;">(In thousands of Brazilian Reais, except percentages)</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin: 0px auto; font-family: 'times new roman'; font-size: 10pt; height: 587px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 31.6176%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 6.7402%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td colspan="7" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1px solid #000000; width: 29.6569%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Parent</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td colspan="7" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1px solid #000000; width: 30.3922%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Consolidated</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 31.6176%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 6.7402%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Note</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; width: 9.55882%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2021</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; width: 3.06373%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">%</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; width: 9.68137%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; width: 1.34804%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; width: 3.06373%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">%</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; width: 9.92647%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2021</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; width: 3.06373%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">%</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; width: 9.92647%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; width: 1.34804%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; width: 3.18627%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">%</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 31.6176%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 6.7402%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 9.55882%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 3.06373%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 9.68137%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Restated</font></p>
</td>
<td style="vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 1.34804%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 3.06373%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 9.92647%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 3.06373%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 9.92647%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Restated</font></p>
</td>
<td style="vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 1.34804%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 3.18627%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 31.6176%; border-bottom-width: 1px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Revenue</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 6.7402%; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 4px 0px 0px; width: 9.55882%; border-bottom-width: 1px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 4px 0px 0px; width: 1.47059%; border-bottom-width: 1px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 4px 0px 0px; width: 3.06373%; border-bottom-width: 1px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 4px 0px 0px; width: 1.47059%; border-bottom-width: 1px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 4px 0px 0px; width: 9.68137%; border-bottom-width: 1px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 4px 0px 0px; width: 1.34804%; border-bottom-width: 1px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 4px 0px 0px; width: 3.06373%; border-bottom-width: 1px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 4px 0px 0px; width: 1.47059%; border-bottom-width: 1px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 4px 0px 0px; width: 9.92647%; border-bottom-width: 1px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 4px 0px 0px; width: 1.47059%; border-bottom-width: 1px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 4px 0px 0px; width: 3.06373%; border-bottom-width: 1px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 4px 0px 0px; width: 1.47059%; border-bottom-width: 1px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 4px 0px 0px; width: 9.92647%; border-bottom-width: 1px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 4px 0px 0px; width: 1.34804%; border-bottom-width: 1px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 4px 0px 0px; width: 3.18627%; border-bottom-width: 1px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; width: 31.6176%;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Gross revenue from sales and services, except rents and royalties</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; width: 6.7402%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">27</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; width: 9.55882%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; width: 3.06373%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; width: 9.68137%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; width: 1.34804%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; width: 3.06373%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">114,582,170</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; width: 3.06373%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">79,360,896</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; width: 1.34804%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; width: 3.18627%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 31.6176%;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Rebates, discounts, and returns</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 6.7402%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">27</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 9.55882%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 3.06373%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 9.68137%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 1.34804%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 3.06373%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,351,464)</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 3.06373%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,812,144)</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 1.34804%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 3.18627%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; width: 31.6176%;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Reversion loss allowance for expected credit losses</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; width: 6.7402%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">6</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; width: 9.55882%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; width: 3.06373%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; width: 9.68137%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; width: 1.34804%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; width: 3.06373%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,123</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; width: 3.06373%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(15,281)</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; width: 1.34804%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; width: 3.18627%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; border-bottom-width: 1px; width: 31.6176%;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Amortization of contractual assets with customers &#8211; exclusive rights</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; border-bottom-width: 1px; width: 6.7402%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">12</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; border-bottom-width: 1px; width: 9.55882%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; border-bottom-width: 1px; width: 3.06373%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; border-bottom-width: 1px; width: 9.68137%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; border-bottom-width: 1px; width: 1.34804%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; border-bottom-width: 1px; width: 3.06373%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; border-bottom-width: 1px; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(282,521)</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; border-bottom-width: 1px; width: 3.06373%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; border-bottom-width: 1px; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(289,436)</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; border-bottom-width: 1px; width: 1.34804%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; border-bottom-width: 1px; width: 3.18627%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; width: 31.6176%;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Provision for loss on disposal of property, plant, and equipment and intangibles and other operating income, net</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; width: 6.7402%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">29; 30</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; border-bottom: 1px solid #000000; width: 9.55882%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,817</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; width: 3.06373%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; border-bottom: 1px solid #000000; width: 9.68137%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,755</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; width: 1.34804%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; width: 3.06373%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; border-bottom: 1px solid #000000; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">280,355</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; width: 3.06373%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; border-bottom: 1px solid #000000; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">149,489</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; width: 1.34804%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; width: 3.18627%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 31.6176%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 6.7402%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 9.55882%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,817</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 3.06373%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 9.68137%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,755</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 1.34804%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 3.06373%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">113,231,663</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 3.06373%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">77,393,524</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 1.34804%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 3.18627%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 31.6176%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Materials purchased from third parties</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 6.7402%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 9.55882%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 3.06373%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 9.68137%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 1.34804%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 3.06373%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 3.06373%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 1.34804%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 3.18627%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 31.6176%;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Raw materials used</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 6.7402%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 9.55882%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 3.06373%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 9.68137%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 1.34804%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 3.06373%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(709,063)</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 3.06373%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(429,790)</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 1.34804%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 3.18627%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 31.6176%;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Cost of goods, products, and services sold</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 6.7402%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 9.55882%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 3.06373%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 9.68137%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 1.34804%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 3.06373%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(104,452,894)</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 3.06373%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(69,384,748)</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 1.34804%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 3.18627%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; border-bottom-width: 1px; width: 31.6176%;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Third-party materials, energy, services, and others</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; border-bottom-width: 1px; width: 6.7402%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; border-bottom-width: 1px; width: 9.55882%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">172,986</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; border-bottom-width: 1px; width: 3.06373%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; border-bottom-width: 1px; width: 9.68137%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">171,058</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; border-bottom-width: 1px; width: 1.34804%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; border-bottom-width: 1px; width: 3.06373%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; border-bottom-width: 1px; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2,303,642)</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; border-bottom-width: 1px; width: 3.06373%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; border-bottom-width: 1px; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,915,894)</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; border-bottom-width: 1px; width: 1.34804%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; border-bottom-width: 1px; width: 3.18627%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 31.6176%;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Provision for losses of assets</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 6.7402%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom: 1px solid #000000; width: 9.55882%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 3.06373%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom: 1px solid #000000; width: 9.68137%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 1.34804%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 3.06373%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom: 1px solid #000000; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,456</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 3.06373%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom: 1px solid #000000; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">13,611</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 1.34804%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 3.18627%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 31.6176%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 6.7402%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 9.55882%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">172,986</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 3.06373%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 9.68137%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">171,059</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 1.34804%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 3.06373%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(107,461,143)</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 3.06373%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(71,716,821)</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 1.34804%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 3.18627%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 31.6176%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Gross value added</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 6.7402%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom: 1px solid #000000; width: 9.55882%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">174,803</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 3.06373%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom: 1px solid #000000; width: 9.68137%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">172,814</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 1.34804%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 3.06373%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom: 1px solid #000000; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,770,520</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 3.06373%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom: 1px solid #000000; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,676,703</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 1.34804%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 3.18627%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 31.6176%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Deductions</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 6.7402%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 9.55882%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 3.06373%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 9.68137%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 1.34804%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 3.06373%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 3.06373%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 1.34804%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 3.18627%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; width: 31.6176%;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Depreciation and amortization</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; width: 6.7402%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">14.a; 15; 16</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; width: 9.55882%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(18,029)</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; width: 3.06373%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; width: 9.68137%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(7,465)</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; width: 1.34804%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; width: 3.06373%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(913,834)</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; width: 3.06373%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(838,201)</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; width: 1.34804%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; width: 3.18627%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 31.6176%;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">PIS and COFINS credits on depreciation</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 6.7402%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">15; 16</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom: 1px solid #000000; width: 9.55882%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 3.06373%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom: 1px solid #000000; width: 9.68137%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 1.34804%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 3.06373%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom: 1px solid #000000; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(7,081)</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 3.06373%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom: 1px solid #000000; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(6,062)</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 1.34804%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 3.18627%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 31.6176%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 6.7402%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 9.55882%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(18,029)</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 3.06373%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 9.68137%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(7,465)</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 1.34804%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 3.06373%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(920,915)</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 3.06373%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(844,263)</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 1.34804%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 3.18627%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 31.6176%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Net value added by the Company</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 6.7402%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom: 1px solid #000000; width: 9.55882%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">156,774</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 3.06373%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom: 1px solid #000000; width: 9.68137%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">165,349</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 1.34804%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 3.06373%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom: 1px solid #000000; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,849,605</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 3.06373%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom: 1px solid #000000; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,832,440</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 1.34804%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 3.18627%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 31.6176%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Value added received in transfer</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 6.7402%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 9.55882%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 3.06373%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 9.68137%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 1.34804%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 3.06373%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 3.06373%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 1.34804%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 3.18627%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; border-bottom-width: 1px; width: 31.6176%;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Share of profit (loss) of subsidiaries, joint ventures, and associates</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; border-bottom-width: 1px; width: 6.7402%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">13</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; border-bottom-width: 1px; width: 9.55882%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">828,972</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; border-bottom-width: 1px; width: 3.06373%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; border-bottom-width: 1px; width: 9.68137%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">669,933</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; border-bottom-width: 1px; width: 1.34804%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; border-bottom-width: 1px; width: 3.06373%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; border-bottom-width: 1px; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(17,634)</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; border-bottom-width: 1px; width: 3.06373%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; border-bottom-width: 1px; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(44,031)</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; border-bottom-width: 1px; width: 1.34804%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; border-bottom-width: 1px; width: 3.18627%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 31.6176%;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Rents and royalties</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 6.7402%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">27</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 9.55882%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 3.06373%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 9.68137%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 1.34804%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 3.06373%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">105,329</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 3.06373%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">105,459</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 1.34804%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 3.18627%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 31.6176%;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Financial income</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 6.7402%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">31</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom: 1px solid #000000; width: 9.55882%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">68,314</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 3.06373%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom: 1px solid #000000; width: 9.68137%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">43,022</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 1.34804%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 3.06373%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom: 1px solid #000000; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">460,154</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 3.06373%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom: 1px solid #000000; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">357,666</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 1.34804%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 3.18627%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 31.6176%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 6.7402%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 9.55882%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">897,286</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 3.06373%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 9.68137%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">712,955</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 1.34804%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 3.06373%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">547,849</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 3.06373%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">419,094</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 1.34804%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 3.18627%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; border-bottom-width: 1px; width: 31.6176%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Total value added available from continuing operation for distribution</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; border-bottom-width: 1px; width: 6.7402%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; border-bottom: 1px solid #000000; width: 9.55882%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,054,060</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; border-bottom-width: 1px; width: 3.06373%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; border-bottom: 1px solid #000000; width: 9.68137%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">878,304</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; border-bottom-width: 1px; width: 1.34804%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; border-bottom-width: 1px; width: 3.06373%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; border-bottom: 1px solid #000000; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,397,454</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; border-bottom-width: 1px; width: 3.06373%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; border-bottom: 1px solid #000000; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,251,534</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; border-bottom-width: 1px; width: 1.34804%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; border-bottom-width: 1px; width: 3.18627%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; width: 31.6176%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Total value added available from discontinued operation for distribution</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; width: 6.7402%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; border-bottom: 1px solid #000000; width: 9.55882%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">65,264</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; width: 3.06373%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; border-bottom: 1px solid #000000; width: 9.68137%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">280,633</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; width: 1.34804%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; width: 3.06373%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; border-bottom: 1px solid #000000; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,837,359</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; width: 3.06373%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; border-bottom: 1px solid #000000; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,229,639</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; width: 1.34804%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; width: 3.18627%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 31.6176%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Total value added available</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 6.7402%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom: 1px solid #000000; width: 9.55882%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,119,324</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 3.06373%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom: 1px solid #000000; width: 9.68137%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,158,937</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 1.34804%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 3.06373%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom: 1px solid #000000; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">7,234,813</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 3.06373%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom: 1px solid #000000; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">6,481,173</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 1.34804%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 3.18627%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 31.6176%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Distribution of value added</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 6.7402%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 9.55882%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 3.06373%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 9.68137%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 1.34804%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 3.06373%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 3.06373%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 1.34804%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 3.18627%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 31.6176%;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Labor and benefits</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 6.7402%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 9.55882%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">152,159</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 3.06373%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">14</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 9.68137%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">134,453</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 1.34804%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 3.06373%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">12</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,363,388</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 3.06373%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">19</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,202,755</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 1.34804%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 3.18627%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">19</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 31.6176%;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Taxes, fees, and contributions</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 6.7402%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 9.55882%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">15,571</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 3.06373%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 9.68137%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,374</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 1.34804%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 3.06373%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,318,422</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 3.06373%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">33</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,679,943</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 1.34804%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 3.18627%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">41</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 31.6176%;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Financial expenses and rents</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 6.7402%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 9.55882%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">101,131</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 3.06373%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">9</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 9.68137%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">129,727</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 1.34804%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 3.06373%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">11</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">897,030</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 3.06373%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">12</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">721,772</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 1.34804%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 3.18627%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">11</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 31.6176%;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Dividends</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 6.7402%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 9.55882%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">403,970</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 3.06373%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">36</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 9.68137%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">479,748</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 1.34804%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 3.06373%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">41</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">425,407</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 3.06373%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">6</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">504,127</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 1.34804%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; width: 3.18627%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">8</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 31.6176%;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Retained earnings</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 6.7402%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom: 1px solid #000000; width: 9.55882%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">381,229</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom: 1px solid #000000; width: 3.06373%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">34</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom: 1px solid #000000; width: 9.68137%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">133,002</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 1.34804%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom: 1px solid #000000; width: 3.06373%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">12</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom: 1px solid #000000; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">393,207</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom: 1px solid #000000; width: 3.06373%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom: 1px solid #000000; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">142,937</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 1.34804%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom: 1px solid #000000; width: 3.18627%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; width: 31.6176%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Value added distributed from continuing operation</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; width: 6.7402%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; width: 9.55882%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,054,060</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; width: 3.06373%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">94</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; width: 9.68137%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">878,304</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; width: 1.34804%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; width: 3.06373%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">76</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,397,454</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; width: 3.06373%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">75</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,251,534</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; width: 1.34804%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; width: 3.18627%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">81</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 31.6176%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Value added distributed from discontinued operation</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 6.7402%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; border-bottom: 1pt solid #000000; width: 9.55882%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">65,264</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 3.06373%; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">6</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; border-bottom: 1pt solid #000000; width: 9.68137%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">280,633</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 1.34804%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 3.06373%; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">24</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; border-bottom: 1pt solid #000000; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,837,359</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 3.06373%; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">25</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; border-bottom: 1pt solid #000000; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,229,639</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 1.34804%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 3.18627%; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">19</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; width: 31.6176%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Value added distributed</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; width: 6.7402%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000; width: 9.55882%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,119,324</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 18px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 18px; width: 3.06373%; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 18px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000; width: 9.68137%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,158,937</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 18px; width: 1.34804%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 18px; width: 3.06373%; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 18px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">7,234,813</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 18px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 18px; width: 3.06373%; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 18px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">6,481,173</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 18px; width: 1.34804%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: bottom; height: 18px; width: 3.18627%; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
</tr>

</table>
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';"><br></font></font></p>
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The accompanying notes are an integral part of the </font><font style="font-family: 'Times New Roman';">financial </font><font style="font-family: 'Times New Roman';">statements</font><font style="font-family: 'Times New Roman';">.</font></font></p>
</div>
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><br></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>13</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
</div><div style="font-family: 'times new roman', times; font-size: 10pt;">
<div style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">
<div style="width: 8.5in; margin: 0 auto;">
<div style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">
<p style="margin: 2pt 0px 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
</div>
<div style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">
<div style="clear: both;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 5pt;"><font style="font-family: 'Times New Roman'; font-size: 5pt;">&nbsp;</font></p>
<div style="margin: 0pt 0px; text-align: justify; font-size: 11pt;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#" name="BMMMMM_NWSL5XWXJ400000000000000000000" class="customBookmark"><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-family: 'Times New Roman';">Notes to the Parent</font><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-family: 'Times New Roman';">&#8217;s Separate</font><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-family: 'Times New Roman';"><font>&nbsp;</font>and Consolidated Financial<font>&nbsp;</font></font><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-family: 'Times New Roman';">Statements</font></a></div>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 5pt;"><font style="font-family: 'Times New Roman'; font-size: 5pt;">&nbsp;</font></p>
<p style="margin: 0pt 0px; text-align: justify; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-size: 10pt;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
</div>
</div>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic;"><br></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">1. Operations</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultrapar Participa&#231;&#245;es S.A. (&#8220;Ultrapar&#8221; or &#8220;Company&#8221;) is a publicly-traded company headquartered at the Brigadeiro Luis Ant&#244;nio Avenue, 1343 in the city of S&#227;o Paulo &#8211; SP, Brazil, listed on B3 S.A. &#8211; Brasil, Bolsa, Balc&#227;o (&#8220;B3&#8221;), in the Novo Mercado listing segment under the ticker &#8220;UGPA3&#8221; and on the New York Stock Exchange (&#8220;NYSE&#8221;) in the form of level III American Depositary Receipts (&#8220;ADRs&#8221;) under the ticker &#8220;UGP&#8221;.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The Company engages in the investment of its own capital in services, commercial, and industrial activities, through the subscription or acquisition of shares of other companies. Through its subsidiaries, it operates in the segments of liquefied petroleum gas &#8211; LPG distribution (&#8220;Ultragaz&#8221;), fuel distribution and related businesses (&#8220;</font><font style="font-family: 'Times New Roman';">Ipiranga</font><font style="font-family: 'Times New Roman';">&#8221;), storage services for liquid bulk (&#8220;Ultracargo&#8221;) and digital payments segment (&#8220;Abastece a&#237;&#8221;). The information about segments are disclosed in Note </font><font style="font-family: 'Times New Roman';">33</font><font style="font-family: 'Times New Roman';">.</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">The activities related to the production and </font><font style="font-family: 'Times New Roman';">marketing</font><font style="font-family: 'Times New Roman';"> of chemical products (&#8220;Oxiteno&#8221;) and </font><font style="font-family: 'Times New Roman';">retail distribution of pharmaceutical, hygiene, beauty, and skincare products (&#8220;Extrafarma&#8221;)</font><font style="font-family: 'Times New Roman';"> are presented as discontinued operations (see Note 3).</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold;">a. Clarifications on the impacts of COVID-19</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">The World Health Organization (&#8220;WHO&#8221;) declared a coronavirus pandemic (COVID-19) on March 11, 2020. To contain a spread of the virus in Brazil, the Ministry of Health (&#8220;MH&#8221;) and the state and municipal governments announced several actions to reduce the agglomeration and movement of people, including the closing of commerce, parks and common areas. In this context, the Company created a Crisis Committee to keep up with it and monitor the main risks and adopt preventive and emergency measures to reduce the pandemic effects.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Since the beginning of the coronavirus pandemic, the Company and its subsidiaries acted in numerous initiatives to ensure the safety and security of its employees and the stability and continuity of its operations and partners, the financial solidity of the Company. All the activities of the companies controlled by the Company are classified as essential in the context of the measures adopted to face the pandemic.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The Company and its subsidiaries quickly adopted the work at home (expressed by home office) for the administrative public, </font><font style="font-family: 'Times New Roman';">with</font><font style="font-family: 'Times New Roman';"> all the necessary support for the </font><font style="font-family: 'Times New Roman';">operational continuity</font><font style="font-family: 'Times New Roman';">. In addition to basic safety concerns with employees, companies implemented several initiatives aimed at welfare, such as virtual meetings, psychological support and concern for ergonomics, following </font><font style="font-family: 'Times New Roman';">the</font><font style="font-family: 'Times New Roman';"> principle of valuing people.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The emergency measures and speed in answer to the first effects of the crisis, as well as initiatives to support the supply chain, were effective to keep the activities of the subsidiaries in operation, ensuring the delivery of essential services to the population and preserving the health </font><font style="font-family: 'Times New Roman';">and security </font><font style="font-family: 'Times New Roman';">of employees</font><font style="font-family: 'Times New Roman';"> and partners</font><font style="font-family: 'Times New Roman';">.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">R</font><font style="font-family: 'Times New Roman';">emains uncertain</font><font style="font-family: 'Times New Roman';"> to what extent the </font><font style="font-family: 'Times New Roman';">financial </font><font style="font-family: 'Times New Roman';">information, after</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">December 31, 2021, may be affected by the commercial, operational and financial impacts of the pandemic, because it will depend on its duration and the impacts on economic activities, as well as government, business in response to the crisis. In this context, some financial risk assessments, projections and impairment tests, in connection with the preparation of th</font><font style="font-family: 'Times New Roman';">ese</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">financial statements</font><font style="font-family: 'Times New Roman';">, may be impacted by the pandemic, and may adversely affect the financial position of the Company and its subsidiaries.</font></font></p>
</div>
</div>
<p style="margin: 0pt; text-align: justify;"><br></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>14</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"><br></font></p>
<div style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">
<div style="width: 8.5in; margin: 0 auto;">
<div style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">
<p style="margin: 2pt 0px 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
</div>
<div style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">
<div style="clear: both;">
<p style="margin: 0pt 0px; text-align: justify; font-size: 5pt;"><font style="font-family: 'Times New Roman'; font-size: 5pt;">&nbsp;</font></p>
<div style="margin: 0pt 0px; text-align: justify; font-size: 11pt;"><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">Notes to the Parent</font><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">&#8217;s Separate</font><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';"><font>&nbsp;</font>and Consolidated Financial<font>&nbsp;</font></font><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">Statements</font></div>
<p style="margin: 0pt 0px; text-align: justify; font-size: 5pt;"><font style="font-family: 'Times New Roman'; font-size: 5pt;">&nbsp;</font></p>
<p style="margin: 0pt 0px; text-align: justify; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-size: 10pt;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
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<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; text-align: justify;"><br></p>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; text-align: justify;"><font style="text-decoration: underline;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">O</font><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; text-decoration-line: underline;">perational impacts</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The implemented measures of social isolation, restrictions on the movement of people and to the operation of certain businesses due to COVID-19 pandemic affected economic activity in Brazil in the last two years, however, with the advance of vaccination the negative impacts have been reduced in the last months. No significant effects were observed on the operations of the Company and its subsidiaries in the </font><font style="font-family: 'Times New Roman';">year</font><font style="font-family: 'Times New Roman';"> of 2021.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; text-decoration: underline;">Main risks and associated measures</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; text-decoration: underline;">Credit risk</font><font style="font-family: 'Times New Roman';"> - The actions taken by the Company and its subsidiaries </font><font style="font-family: 'Times New Roman';">throughout 2020 </font><font style="font-family: 'Times New Roman';">and 2021 softened the impacts of the pandemic on the financial condition and its customers and, consequently, mitigated its potential effects on default rates, that are at lower level than in 2020. The effects of </font><font style="font-family: 'Times New Roman';">loss allowance for expected credit losses</font><font style="font-family: 'Times New Roman';"> of </font><font style="font-family: 'Times New Roman';">year</font><font style="font-family: 'Times New Roman';"> ended December 31, 202</font><font style="font-family: 'Times New Roman';">1</font><font style="font-family: 'Times New Roman';"> are disclosed in Notes 6 and 34.d.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; text-decoration: underline;">Risk of realization of deferred tax assets</font><font style="font-family: 'Times New Roman';"> - the Company and its subsidiaries annually realize technical feasibility study of the constitution and realization of deferred tax credits, considering the current projections approved by the Board of Directors for each business segment and did not identify the need for write-offs for the year ended on December 31, 202</font><font style="font-family: 'Times New Roman';">1</font><font style="font-family: 'Times New Roman';">.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; text-decoration: underline;">Risks in financial instruments</font><font style="font-family: 'Times New Roman';"> - the increase in volatility in financial markets may impact financial results according to sensitivity analyzes presented in Note </font><font style="font-family: 'Times New Roman';">34</font><font style="font-family: 'Times New Roman';">.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; text-decoration: underline;">Liquidity risk</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">&#8211;</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">The Company and its subsidiaries presented </font><font style="font-family: 'Times New Roman';">variances</font><font style="font-family: 'Times New Roman';"> in their net debt position compatible with the results and the seasonality of their businesses.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The management of the Company and its subsidiaries </font><font style="font-family: 'Times New Roman';">continue </font><font style="font-family: 'Times New Roman';">maintain</font><font style="font-family: 'Times New Roman';">ing</font><font style="font-family: 'Times New Roman';"> discipline in control of costs and expenses to preserve cash in all business and selectivity in the allocation of capital</font><font style="font-family: 'Times New Roman';"> without compromising sustainable business growth</font><font style="font-family: 'Times New Roman';">.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold;">b. Clarifications on the cyber incident</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">According communication sent to the market on January 12, 2021 and January 25, 2021, the Company suffered on January 11, 2021 a cyber incident of type ransomware in its information technology environment.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">As a precautionary measure, the Company interrupted its systems, affecting for a short period of time the operations of its subsidiaries. Immediately, all security and control measures were adopted to remedy the situation and as of January 14, 2021 the operational systems of the Company and its subsidiaries began to be gradually restored, with caution and security, according with the priority and relevance of each affected process. Since January 25, 2021, as communicated to the market on that date, all the critical information systems of the Company and its subsidiaries are in full operation.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The Company had a specific insurance policy for cyber incidents, which has already been </font><font style="font-family: 'Times New Roman';">triggered</font><font style="font-family: 'Times New Roman';">, being that such claim is under regulation</font><font style="font-family: 'Times New Roman';">.</font></font><a href="#TOC"></a></p>
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<p style="margin: 2pt 0px 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
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<div style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">
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<p style="margin: 0pt 0px; text-align: justify; font-size: 5pt;"><font style="font-family: 'Times New Roman'; font-size: 5pt;">&nbsp;</font></p>
<div style="margin: 0pt 0px; text-align: justify; font-size: 11pt;"><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">Notes to the Parent</font><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">&#8217;s Separate</font><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';"><font>&nbsp;</font>and Consolidated Financial<font>&nbsp;</font></font><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">Statements</font></div>
<p style="margin: 0pt 0px; text-align: justify; font-size: 5pt;"><font style="font-family: 'Times New Roman'; font-size: 5pt;">&nbsp;</font></p>
<p style="margin: 0pt 0px; text-align: justify; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-size: 10pt;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
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<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff; text-align: justify;"><br></p>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">2</font><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">. Presentation </font><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">of </font><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">f</font><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">inancial </font><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">statements</font><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;"> and </font><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">s</font><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">ummary </font><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">of </font><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">s</font><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">ignificant </font><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">a</font><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">ccounting </font><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">p</font><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">olicies</font><br></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The </font><font style="font-family: 'Times New Roman';">p</font><font style="font-family: 'Times New Roman';">arent</font><font style="font-family: 'Times New Roman';">&#8217;s separate</font><font style="font-family: 'Times New Roman';"> and</font><font style="font-family: 'Times New Roman';"> consolidated </font><font style="font-family: 'Times New Roman';">financial </font><font style="font-family: 'Times New Roman';">statements</font><font style="font-family: 'Times New Roman';"> (&#8220;financial </font><font style="font-family: 'Times New Roman';">statements</font><font style="font-family: 'Times New Roman';">&#8221;)</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">were prepared</font><font style="font-family: 'Times New Roman';"> in accordance with </font><font style="font-family: 'Times New Roman';">the </font><font style="font-family: 'Times New Roman';">International </font><font style="font-family: 'Times New Roman';">Financial Reporting</font><font style="font-family: 'Times New Roman';"> Standard</font><font style="font-family: 'Times New Roman';">s</font><font style="font-family: 'Times New Roman';"> (&#8220;I</font><font style="font-family: 'Times New Roman';">FRS</font><font style="font-family: 'Times New Roman';">&#8221;) </font><font style="font-family: 'Times New Roman';">issued by the International Accounting Standards Board (&#8220;IASB&#8221;) and </font><font style="font-family: 'Times New Roman';">the accounting policies adopted in Brazil</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The accounting policies adopted in Brazil include those in the Brazilian corporate law and in the Pronouncements, Orientations and Interpretations </font><font style="font-family: 'Times New Roman';">issued by the Accounting Pronouncements Committee </font><font style="font-family: 'Times New Roman';">(&#8220;</font><font style="font-family: 'Times New Roman';">CPC</font><font style="font-family: 'Times New Roman';">&#8221;),</font><font style="font-family: 'Times New Roman';"> approved by the Brazilian </font><font style="font-family: 'Times New Roman';">Federal Accounting Council (&#8220;CFC&#8221;) and the Brazilian </font><font style="font-family: 'Times New Roman';">Securities and Exchange Commission (&#8220;CVM&#8221;)</font><font style="font-family: 'Times New Roman';">.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">All relevant </font><font style="font-family: 'Times New Roman';">specific </font><font style="font-family: 'Times New Roman';">information </font><font style="font-family: 'Times New Roman';">of the </font><font style="font-family: 'Times New Roman';">financial </font><font style="font-family: 'Times New Roman';">statements</font><font style="font-family: 'Times New Roman';">, and only this information, </font><font style="font-family: 'Times New Roman';">were</font><font style="font-family: 'Times New Roman';"> presented and correspond to </font><font style="font-family: 'Times New Roman';">that </font><font style="font-family: 'Times New Roman';">used by the Company&#8217;s and</font><font style="font-family: 'Times New Roman';"> its</font><font style="font-family: 'Times New Roman';"> subsidiaries&#8217; Management.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The presentation currency of the Company&#8217;s </font><font style="font-family: 'Times New Roman';">financial </font><font style="font-family: 'Times New Roman';">statements</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">is the Brazilian Real</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> which is the Company&#8217;s functional currency.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The Company and its subsidiaries applied the accounting policies described below in a consistent manner for all </font><font style="font-family: 'Times New Roman';">years</font><font style="font-family: 'Times New Roman';"> presented in these </font><font style="font-family: 'Times New Roman';">financial </font><font style="font-family: 'Times New Roman';">statements</font><font style="font-family: 'Times New Roman';">.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The Company classified the transactions related to the purchase and sale agreements of Oxiteno and </font><font style="font-family: 'Times New Roman';">Extraf</font><font style="font-family: 'Times New Roman';">arma as current assets held for sale and discontinued operations</font><font style="font-family: 'Times New Roman';">.</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">T</font><font style="font-family: 'Times New Roman';">he comparative information of the income and cash flow statements for the year ended December 31, 2020 were restated for the purposes of applying IFRS 5 (CPC 31) as shown in Note 3.c.3.</font></font></p>
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<div style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">
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<div style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">
<p style="margin: 2pt 0px 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
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<div style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">
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<p style="margin: 0pt 0px; text-align: justify; font-size: 5pt;"><font style="font-family: 'Times New Roman'; font-size: 5pt;">&nbsp;</font></p>
<div style="margin: 0pt 0px; text-align: justify; font-size: 11pt;"><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">Notes to the Parent</font><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">&#8217;s Separate</font><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';"><font>&nbsp;</font>and Consolidated Financial<font>&nbsp;</font></font><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">Statements</font></div>
<p style="margin: 0pt 0px; text-align: justify; font-size: 5pt;"><font style="font-family: 'Times New Roman'; font-size: 5pt;">&nbsp;</font></p>
<p style="margin: 0pt 0px; text-align: justify; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-size: 10pt;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
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<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff; text-align: justify;"><br></p>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold;">a. Recognition of revenue</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Revenue</font><font style="font-family: 'Times New Roman';"> of sales and services</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">rendered is measured at the value of the consideration that the Company's subsidiaries expect to be entitled to, net of sales returns, discounts</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> amortization of </font><font style="font-family: 'Times New Roman';">contractual assets with customers </font><font style="font-family: 'Times New Roman';">and other deduction</font><font style="font-family: 'Times New Roman';">s</font><font style="font-family: 'Times New Roman';">, if applicable, being recognized as the entity fulfills its performance obligation and freight mode of delivery.</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">At Ipiranga, the r</font><font style="font-family: 'Times New Roman';">evenue from sales of fuels and lubricants is recognized when the products are delivered to gas stations and to large consumers. </font><font style="font-family: 'Times New Roman';">At Ultragaz, r</font><font style="font-family: 'Times New Roman';">evenue from sales </font><font style="font-family: 'Times New Roman';">of LPG </font><font style="font-family: 'Times New Roman';">is recognized when the products are delivered to customers at home, to independent dealers and to industrial and commercial customers. </font><font style="font-family: 'Times New Roman';">At Extrafarma, the r</font><font style="font-family: 'Times New Roman';">evenue from sales of</font><font style="font-family: 'Times New Roman';"> pharmaceutical</font><font style="font-family: 'Times New Roman';">s</font><font style="font-family: 'Times New Roman';"> is recognized when the products are delivered to end </font><font style="font-family: 'Times New Roman';">user </font><font style="font-family: 'Times New Roman';">customers</font><font style="font-family: 'Times New Roman';"> in own drugstores and when the</font><font style="font-family: 'Times New Roman';"> products</font><font style="font-family: 'Times New Roman';"> are delivered to independent resellers. </font><font style="font-family: 'Times New Roman';">At Oxiteno, the r</font><font style="font-family: 'Times New Roman';">evenue </font><font style="font-family: 'Times New Roman';">from sales </font><font style="font-family: 'Times New Roman';">of chemical products is recognized when the products are delivered to </font><font style="font-family: 'Times New Roman';">industrial</font><font style="font-family: 'Times New Roman';"> customers. </font><font style="font-family: 'Times New Roman';">At Ultracargo, t</font><font style="font-family: 'Times New Roman';">he revenue provided </font><font style="font-family: 'Times New Roman';">from </font><font style="font-family: 'Times New Roman';">storage services is recognized </font><font style="font-family: 'Times New Roman';">as </font><font style="font-family: 'Times New Roman';">services</font><font style="font-family: 'Times New Roman';"> are performed</font><font style="font-family: 'Times New Roman';">. At Abastece a&#237;, the revenue provided from storage services of digital payments is recognized as services are performed. The </font><font style="font-family: 'Times New Roman';">breakdown</font><font style="font-family: 'Times New Roman';">s</font><font style="font-family: 'Times New Roman';"> of revenue</font><font style="font-family: 'Times New Roman';">s</font><font style="font-family: 'Times New Roman';"> from</font><font style="font-family: 'Times New Roman';"> sales and services</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">are</font><font style="font-family: 'Times New Roman';"> shown in N</font><font style="font-family: 'Times New Roman';">ote</font><font style="font-family: 'Times New Roman';">s</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">27</font><font style="font-family: 'Times New Roman';"> and </font><font style="font-family: 'Times New Roman';">33</font><font style="font-family: 'Times New Roman';">.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Amortization of contract</font><font style="font-family: 'Times New Roman';">ual</font><font style="font-family: 'Times New Roman';"> assets</font><font style="font-family: 'Times New Roman';"> with customers</font><font style="font-family: 'Times New Roman';"> for the exclusive rights in Ipiranga</font><font style="font-family: 'Times New Roman';">&#8217;</font><font style="font-family: 'Times New Roman';">s</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">reseller service stations </font><font style="font-family: 'Times New Roman';">and the bonus</font><font style="font-family: 'Times New Roman';">es paid in performance obligation sales</font><font style="font-family: 'Times New Roman';"> are recognized </font><font style="font-family: 'Times New Roman';">in the income statement </font><font style="font-family: 'Times New Roman';">as a </font><font style="font-family: 'Times New Roman';">d</font><font style="font-family: 'Times New Roman';">eduction of the revenue </font><font style="font-family: 'Times New Roman';">from sale </font><font style="font-family: 'Times New Roman';">a</font><font style="font-family: 'Times New Roman';">ccord</font><font style="font-family: 'Times New Roman';">ing to </font><font style="font-family: 'Times New Roman';">the conditions established in the </font><font style="font-family: 'Times New Roman';">agreements</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">whic</font><font style="font-family: 'Times New Roman';">h is </font><font style="font-family: 'Times New Roman';">reviewed as </font><font style="font-family: 'Times New Roman';">per the </font><font style="font-family: 'Times New Roman';">changes </font><font style="font-family: 'Times New Roman';">occurred </font><font style="font-family: 'Times New Roman';">in </font><font style="font-family: 'Times New Roman';">the agreements</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">(see Notes 2.f and </font><font style="font-family: 'Times New Roman';">12</font><font style="font-family: 'Times New Roman';">)</font><font style="font-family: 'Times New Roman';">.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The am/pm franchising upfront fee is recognized in profit or loss as the entity fulfills each performance obligation throughout the terms of the agreements with the franchisees. For more information, see Note </font><font style="font-family: 'Times New Roman';">2</font><font style="font-family: 'Times New Roman';">4</font><font style="font-family: 'Times New Roman';">.a.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Deferred revenue from loyalty program is recognized in the income statement when the points are redeemed, on which occasion the costs incurred are also recognized in profit or loss. Deferred revenue of unredeemed points is also recognized in profit or loss when points expire. For more information, see Note </font><font style="font-family: 'Times New Roman';">2</font><font style="font-family: 'Times New Roman';">4</font><font style="font-family: 'Times New Roman';">.b.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Costs of products </font><font style="font-family: 'Times New Roman';">sold</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">and services provided include goods (mainly fuels</font><font style="font-family: 'Times New Roman';">, </font><font style="font-family: 'Times New Roman';">lubricants</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> LPG</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> and pharmaceutical</font><font style="font-family: 'Times New Roman';"> products</font><font style="font-family: 'Times New Roman';">), raw materials (chemicals and petrochemicals) and production, distribution, storage</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> and </font><font style="font-family: 'Times New Roman';">fulfillment</font><font style="font-family: 'Times New Roman';"> costs.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Exchange variations and the results of derivative financ</font><font style="font-family: 'Times New Roman';">e</font><font style="font-family: 'Times New Roman';"> instruments are presented net in the statement of </font><font style="font-family: 'Times New Roman';">profit and loss</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">on</font><font style="font-family: 'Times New Roman';"> financial expenses.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">b. Cash and </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">c</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">ash </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">e</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">quivalents</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Include</font><font style="font-family: 'Times New Roman';">s</font><font style="font-family: 'Times New Roman';"> cash, banks deposits</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> and short-term<font style="font-size: 10pt; font-family: 'Times New Roman', serif;">&nbsp;up to 90 days of maturity</font></font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> highly</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">liquid investments that are readily convertible into a known amount of cash and are subject to an insignificant risk of change in value. </font><font style="font-family: 'Times New Roman';">F</font><font style="font-family: 'Times New Roman';">or </font><font style="font-family: 'Times New Roman';">more</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">information</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">on cash and cash equivalents of the Company and its subsidiaries</font><font style="font-family: 'Times New Roman';">, see Note </font><font style="font-family: 'Times New Roman';">5</font><font style="font-family: 'Times New Roman';">.a</font><font style="font-family: 'Times New Roman';">.</font></font></p>
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<p style="margin: 0pt; text-align: justify;"><br></p>
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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>17</font></font></td>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
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<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff; text-align: justify;"><br></p>
<div style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">
<div style="width: 8.5in; margin: 0 auto;">
<div style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">
<p style="margin: 2pt 0px 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
</div>
<div style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">
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<p style="margin: 0pt 0px; text-align: justify; font-size: 5pt;"><font style="font-family: 'Times New Roman'; font-size: 5pt;">&nbsp;</font></p>
<div style="margin: 0pt 0px; text-align: justify; font-size: 11pt;"><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">Notes to the Parent</font><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">&#8217;s Separate</font><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';"><font>&nbsp;</font>and Consolidated Financial<font>&nbsp;</font></font><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">Statements</font></div>
<p style="margin: 0pt 0px; text-align: justify; font-size: 5pt;"><font style="font-family: 'Times New Roman'; font-size: 5pt;">&nbsp;</font></p>
<p style="margin: 0pt 0px; text-align: justify; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-size: 10pt;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
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<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff; text-align: justify;"><br></p>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold;">c</font><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">. Financial assets</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">&nbsp;</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">T</font><font style="font-family: 'Times New Roman';">he Company and its subsidiaries</font><font style="font-family: 'Times New Roman';"> evaluated the classification and measurement of financial assets</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">based on its business</font><font style="font-family: 'Times New Roman';"> model</font><font style="font-family: 'Times New Roman';"> of financial assets</font><font style="font-family: 'Times New Roman';"> as follows:</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<ul type="disc" style="margin: 0pt; padding-left: 0pt;">
<li style="font-family: Symbol; font-size: 11pt; margin: 0pt 0pt 0pt 28.06pt; padding-left: 7.94pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Amortized cost: financial assets held </font><font style="font-family: 'Times New Roman';">in order to collect</font><font style="font-family: 'Times New Roman';"> contractual </font><font style="font-family: 'Times New Roman';">cash </font><font style="font-family: 'Times New Roman';">flows, </font><font style="font-family: 'Times New Roman';">solely</font><font style="font-family: 'Times New Roman';"> principal and interest. The interest earned and the foreign currency exchange variation are recognized in profit or loss and balances are stated at acquisition cost plus the interest earned, using the effective interest rate method.</font></font></li>
</ul>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<ul type="disc" style="margin: 0pt; padding-left: 0pt;">
<li style="font-family: Symbol; font-size: 11pt; margin: 0pt 0pt 0pt 28.06pt; padding-left: 7.94pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Measured at fair value through other comprehensive income: financial assets that are acquired or originated for the purpose of </font><font style="font-family: 'Times New Roman';">collecting</font><font style="font-family: 'Times New Roman';"> contractual cash flows or </font><font style="font-family: 'Times New Roman';">selling financial assets</font><font style="font-family: 'Times New Roman';">. The balances are stated at fair value, and the interest earned</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> and the foreign currency exchange variation are recognized in profit or loss. Differences between fair value and </font><font style="font-family: 'Times New Roman';">initial amount of financial investments</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">plus the interest earned are recognized</font><font style="font-family: 'Times New Roman';"> in equity</font><font style="font-family: 'Times New Roman';"> in other comprehensive income in the &#8220;Valuation adjustments&#8221;. Accumulated gains and losses recognized in equity are reclassified to profit or loss at the time of their settlement. Substantially the financial investments in Bank Certificates</font><font style="font-family: 'Times New Roman';"> of Deposit</font><font style="font-family: 'Times New Roman';"> (</font><font style="font-family: 'Times New Roman';">&#8220;</font><font style="font-family: 'Times New Roman';">CDB</font><font style="font-family: 'Times New Roman';">&#8221;</font><font style="font-family: 'Times New Roman';">) and repurchase agreements are classified as measured at fair value through other comprehensive income.</font></font></li>
</ul>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<ul type="disc" style="margin: 0pt; padding-left: 0pt;">
<li style="font-family: Symbol; font-size: 11pt; margin: 0pt 0pt 0pt 28.06pt; padding-left: 7.94pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Measured at fair value through profit or loss: financial assets </font><font style="font-family: 'Times New Roman';">that were </font><font style="font-family: 'Times New Roman';">not classified as amortized cost or measured at fair value through other comprehensive income. </font><font style="font-family: 'Times New Roman';">The b</font><font style="font-family: 'Times New Roman';">alances are stated at fair value and both </font><font style="font-family: 'Times New Roman';">the interest</font><font style="font-family: 'Times New Roman';"> earned and </font><font style="font-family: 'Times New Roman';">the </font><font style="font-family: 'Times New Roman';">exchange variations and changes in fair value are r</font><font style="font-family: 'Times New Roman';">ecognized</font><font style="font-family: 'Times New Roman';"> in the income statement. Investment funds and derivative</font><font style="font-family: 'Times New Roman';">s</font><font style="font-family: 'Times New Roman';"> are classified as measured at fair value through profit or loss.</font></font></li>
</ul>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">The Company and its subsidiaries use financial instruments for hedging purposes, applying the concepts described below:</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<ul type="disc" style="margin: 0pt; padding-left: 0pt;">
<li style="font-family: Symbol; font-size: 11pt; margin: 0pt 0pt 0pt 28.06pt; padding-left: 7.94pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Hedge accounting &#8211; fair value hedge: financial instruments used to hedge exposure to changes in the fair value of an item, attributable to a particular risk, which can affect the entity&#8217;s </font><font style="font-family: 'Times New Roman';">statements of </font><font style="font-family: 'Times New Roman';">profit or loss. In the initial designation of the fair value hedge, the relationship between the hedging instrument and the hedged item is documented, including the objectives of risk management, the strategy in conducting the transaction, and the methods to be used to evaluate its effectiveness. Once the fair value hedge has been qualified as effective, the hedge item is also measured at fair value. Gains and losses from hedge instruments and hedge items are recognized </font><font style="font-family: 'Times New Roman';">the statements of </font><font style="font-family: 'Times New Roman';">profit or loss. The hedge accounting must be discontinued when the hedge becomes ineffective.</font></font></li>
</ul>
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</div>
<p><br></p>
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<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>18</font></font></td>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"><br></font></p>
<div style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">
<div style="width: 8.5in; margin: 0 auto;">
<div style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">
<p style="margin: 2pt 0px 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
</div>
<div style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">
<div style="clear: both;">
<p style="margin: 0pt 0px; text-align: justify; font-size: 5pt;"><font style="font-family: 'Times New Roman'; font-size: 5pt;">&nbsp;</font></p>
<div style="margin: 0pt 0px; text-align: justify; font-size: 11pt;"><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">Notes to the Parent</font><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">&#8217;s Separate</font><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';"><font>&nbsp;</font>and Consolidated Financial<font>&nbsp;</font></font><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">Statements</font></div>
<p style="margin: 0pt 0px; text-align: justify; font-size: 5pt;"><font style="font-family: 'Times New Roman'; font-size: 5pt;">&nbsp;</font></p>
<p style="margin: 0pt 0px; text-align: justify; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-size: 10pt;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
<p style="margin: 0pt 0px; text-align: justify; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-size: 10pt;"><br></font></p>
</div>
</div>
<ul type="disc" style="margin: 0pt; padding-left: 0pt;">
<li style="font-family: Symbol; font-size: 11pt; margin: 0pt 0pt 0pt 28.06pt; padding-left: 7.94pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Hedge accounting &#8211; cash flow hedge: financial instruments used to hedge the exposure to variability in cash flows that is attributable to a risk associated with an asset or liability or highly probable transaction </font><font style="font-family: 'Times New Roman';">or firm commitment </font><font style="font-family: 'Times New Roman';">that may affect the </font><font style="font-family: 'Times New Roman';">statements of profit or loss</font><font style="font-family: 'Times New Roman';">. The portion of the gain or loss on the hedging instrument that is determined to be effective relating to the effects of exchange rate effect, is recognized directly in equity in accumulated other comprehensive income as &#8220;Valuation adjustments&#8221; while the ineffective portion is recognized in </font><font style="font-family: 'Times New Roman';">the statements of </font><font style="font-family: 'Times New Roman';">profit or loss. Gains or losses on the hedging instrument relating to the effective portion of this hedge that had been recognized directly in accumulated other comprehensive income shall be recognized in profit or loss in the period in which the hedged item is recognized in profit or loss or as initial cost of non-financial assets, in the same line of the statement that the hedged item is recognized. The hedge accounting shall be discontinued when (i)</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">the hedging relationship</font><font style="font-family: 'Times New Roman';"> is canceled</font><font style="font-family: 'Times New Roman';">; (ii) the hedging instrument expires</font><font style="font-family: 'Times New Roman';"> or</font><font style="font-family: 'Times New Roman';"> (iii) the hedging instrument no longer qualifies for hedge accounting. When hedge accounting is discontinued, gains and losses recognized </font><font style="font-family: 'Times New Roman';">in equity</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">in other comprehensive income are reclassified to </font><font style="font-family: 'Times New Roman';">the statements of </font><font style="font-family: 'Times New Roman';">profit or loss in the period which the hedged item is recognized in profit or loss. If the transaction hedged is canceled or is not expected to occur, the cumulative gains and losses </font><font style="font-family: 'Times New Roman';">in equity</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">in other comprehensive income shall be recognized immediately in profit or loss.</font></font></li>
</ul>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<ul type="disc" style="margin: 0pt; padding-left: 0pt;">
<li style="font-family: Symbol; font-size: 11pt; margin: 0pt 0pt 0pt 28.06pt; padding-left: 7.94pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Hedge accounting &#8211; hedge of net investments in foreign operation: financial instruments used to hedge exposure on net investments in foreign subsidiaries due to the fact that the local functional currency is different from the functional currency of the Company. The portion of the gain or loss on the hedging instrument that is determined to be effective, referring to the exchange rate effect, is recognized directly in equity in accumulated other comprehensive income as cumulative translation adjustments, while the ineffective portion and the operating costs are recognized </font><font style="font-family: 'Times New Roman';">the statements of </font><font style="font-family: 'Times New Roman';">profit or loss. The gain or loss on the hedging instrument that has been recognized directly in accumulated other comprehensive income shall be recognized in </font><font style="font-family: 'Times New Roman';">the statements of profit or loss</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">when the</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">disposal of the foreign </font><font style="font-family: 'Times New Roman';">subsidiary occur</font><font style="font-family: 'Times New Roman';">s</font><font style="font-family: 'Times New Roman';">.</font></font></li>
</ul>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">For </font><font style="font-family: 'Times New Roman';">more</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">information on </font><font style="font-family: 'Times New Roman';">financial instruments, see Note </font><font style="font-family: 'Times New Roman';">34</font><font style="font-family: 'Times New Roman';">.</font></font></p>
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<p style="margin: 0pt; text-align: justify;"><br></p>
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<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>19</font></font></td>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<p><br></p>
<div style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">
<div style="width: 8.5in; margin: 0 auto;">
<div style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">
<p style="margin: 2pt 0px 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
</div>
<div style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">
<div style="clear: both;">
<p style="margin: 0pt 0px; text-align: justify; font-size: 5pt;"><font style="font-family: 'Times New Roman'; font-size: 5pt;">&nbsp;</font></p>
<div style="margin: 0pt 0px; text-align: justify; font-size: 11pt;"><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">Notes to the Parent</font><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">&#8217;s Separate</font><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';"><font>&nbsp;</font>and Consolidated Financial<font>&nbsp;</font></font><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">Statements</font></div>
<p style="margin: 0pt 0px; text-align: justify; font-size: 5pt;"><font style="font-family: 'Times New Roman'; font-size: 5pt;">&nbsp;</font></p>
<p style="margin: 0pt 0px; text-align: justify; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-size: 10pt;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
</div>
</div>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff; text-align: justify;"><br></p>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold;">d. Trade receivables and reseller financing</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Trade receivables are recognized at the amount invoiced</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">to</font><font style="font-family: 'Times New Roman';"> the counterparty that the Company subsidiaries are entitled</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">(see Notes </font><font style="font-family: 'Times New Roman';">6</font><font style="font-family: 'Times New Roman';">.a</font><font style="font-family: 'Times New Roman';"> and </font><font style="font-family: 'Times New Roman';">34</font><font style="font-family: 'Times New Roman';">.d.3)</font><font style="font-family: 'Times New Roman';">. </font><font style="font-family: 'Times New Roman';">The </font><font style="font-family: 'Times New Roman';">loss allowance for expected credit losses</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">consider</font><font style="font-family: 'Times New Roman';"> the expect</font><font style="font-family: 'Times New Roman';">ed</font><font style="font-family: 'Times New Roman';"> losses for the next 12 months </font><font style="font-family: 'Times New Roman';">take into account</font><font style="font-family: 'Times New Roman';"> the deterioration or improvement of the </font><font style="font-family: 'Times New Roman';">customers&#8217; </font><font style="font-family: 'Times New Roman';">credit quality</font><font style="font-family: 'Times New Roman';">, considering the customers&#8217; </font><font style="font-family: 'Times New Roman';">characteristics in each business segment</font><font style="font-family: 'Times New Roman';">.</font><font style="font-family: 'Times New Roman';"> The amount</font><font style="font-family: 'Times New Roman';"> of the </font><font style="font-family: 'Times New Roman';">expected</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">credit losses</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">is deemed by management to be sufficient to cover any loss on realization of trade receivables.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Reseller financing is provided at subsidized rate for renovation and upgrading of service stations, purchase of products and development of the automotive fuels and lubricants distribution market (see Notes </font><font style="font-family: 'Times New Roman';">6</font><font style="font-family: 'Times New Roman';">.b and </font><font style="font-family: 'Times New Roman';">34</font><font style="font-family: 'Times New Roman';">.d.3). The terms of reseller financing range between 12 and 60 months, with an average term of 40 months. The minimum and maximum subsisted interest rates are 0% per month and 1% per month respectively. These financing are remeasured at a market rate for working capital loans and the remeasurement adjustment between the market rate and the rate subsidized is recognized as a reduction to the reseller&#8217;s revenue at the beginning of the contract. Throughout the contract, the interest appropriated by the market rate is recognized to the financial result.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold;">e. Inventories</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Inventories are stated at the lower of acquisition cost or net realizable value</font><font style="font-family: 'Times New Roman';"> (see Note </font><font style="font-family: 'Times New Roman';">7</font><font style="font-family: 'Times New Roman';">)</font><font style="font-family: 'Times New Roman';">. The cost value of inventory is measured using the weighted average cost and includes the costs of acquisition and processing directly </font><font style="font-family: 'Times New Roman';">and indirectly </font><font style="font-family: 'Times New Roman';">related to the units produced based on the normal capacity of production. Estimates of net realizable value are based on the average selling prices at the end of the reporting period, net of applicable direct selling expenses. Subsequent events related to the fluctuation of prices and costs are also considered, if relevant. If net realizable values are below inventory costs, a provision corresponding to this difference is recognized. Provisions are also made for obsolescence of products, materials</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> or supplies that (i) do not meet its subsidiaries&#8217; specifications, (ii) have exceeded their expiration date</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> or (iii) are considered slow-moving inventory. This classification is made by management with the support of its industrial </font><font style="font-family: 'Times New Roman';">and operation</font><font style="font-family: 'Times New Roman';">s</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">team</font><font style="font-family: 'Times New Roman';">s</font><font style="font-family: 'Times New Roman';">.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold;">f. Contractual assets with customers &#8211; exclusive rights</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Exclusive rights disbursements as provided in Ipiranga&#8217;s agreements with reseller service stations and major consumers are recognized as </font><font style="font-family: 'Times New Roman';">contractual assets</font><font style="font-family: 'Times New Roman';"> when paid and amortized according to the conditions established in the agreements (see Note </font><font style="font-family: 'Times New Roman';">2.a and </font><font style="font-family: 'Times New Roman';">12</font><font style="font-family: 'Times New Roman';">).</font></font></p>
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<p style="margin: 0pt; text-align: justify;"><br></p>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
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<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';"><br></font></font></p>
<div style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">
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<div style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">
<p style="margin: 2pt 0px 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
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<div style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">
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<p style="margin: 0pt 0px; text-align: justify; font-size: 5pt;"><font style="font-family: 'Times New Roman'; font-size: 5pt;">&nbsp;</font></p>
<div style="margin: 0pt 0px; text-align: justify; font-size: 11pt;"><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">Notes to the Parent</font><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">&#8217;s Separate</font><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';"><font>&nbsp;</font>and Consolidated Financial<font>&nbsp;</font></font><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">Statements</font></div>
<p style="margin: 0pt 0px; text-align: justify; font-size: 5pt;"><font style="font-family: 'Times New Roman'; font-size: 5pt;">&nbsp;</font></p>
<p style="margin: 0pt 0px; text-align: justify; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-size: 10pt;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
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<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff; text-align: justify;"><br></p>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">g. </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;"> </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">A</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">ssets</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;"> and liabilities</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;"> held for sale and discontinued operations</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Non-current assets and related liabilities are classified as held for sale if it is highly probable that their book value will be recovered, primarily</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> through a sale transaction rather than continued use. The classification criteria are met only when the sale is highly probable, the asset or group of assets is held for immediate sale in its current condition and the sale is expected to occur within 12 months after classification as held for sale.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">A line of business or subsidiary is classified a discontinued operation when the sale of a component of the company that represents an important separate line of business or when the operation meets the criteria to be classified as held for sale, if occurs before, being its results and cash flows presented separately based on the classification of the respective assets and liabilities as held for sale.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Assets and liabilities held for sale and discontinued operations are measured at the lower of the</font><font style="font-family: 'Times New Roman';"> book value</font><font style="font-family: 'Times New Roman';"> and fair value, net of selling expenses, and presented separately in the </font><font style="font-family: 'Times New Roman';">statements of financial position</font><font style="font-family: 'Times New Roman';">.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">h</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">. Investments</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Investments in subsidiaries are accounted for under the equity method of accounting in the </font><font style="font-family: 'Times New Roman';">financial </font><font style="font-family: 'Times New Roman';">statements</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">of the parent</font><font style="font-family: 'Times New Roman';">&#8217;s separate</font><font style="font-family: 'Times New Roman';"> company (see Notes </font><font style="font-family: 'Times New Roman';">4</font><font style="font-family: 'Times New Roman';">.b and </font><font style="font-family: 'Times New Roman';">13</font><font style="font-family: 'Times New Roman';">.a). A subsidiary is an investee in which the investor is entitled to variable returns on investment and has the ability to interfere in its financial and operational activities. Usually the equity interest in a subsidiary is more than 50%.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Investments in associates and joint ventures are accounted for under the equity method of accounting in the </font><font style="font-family: 'Times New Roman';">financial </font><font style="font-family: 'Times New Roman';">statements</font><font style="font-family: 'Times New Roman';"> (see Note </font><font style="font-family: 'Times New Roman';">13</font><font style="font-family: 'Times New Roman';"> items b and c). An associate is an investment, in which an investor has significant influence, that is, has the power to participate in the financial and operating decisions of the investee but does not exercise control. A joint venture is an investment in which the shareholders have the right to net assets on behalf of a joint control. Joint control is the agreement, which establish that decisions about the relevant activities of the investee require the consent from the parties that share control.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Other investments are stated at acquisition cost less provision for losses, unless the loss is considered temporary.</font></p>
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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"><br></font></p>
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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>21</font></font></td>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;"><br></p>
<div style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">
<div style="width: 8.5in; margin: 0 auto;">
<div style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">
<p style="margin: 2pt 0px 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
</div>
<div style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">
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<p style="margin: 0pt 0px; text-align: justify; font-size: 5pt;"><font style="font-family: 'Times New Roman'; font-size: 5pt;">&nbsp;</font></p>
<div style="margin: 0pt 0px; text-align: justify; font-size: 11pt;"><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">Notes to the Parent</font><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">&#8217;s Separate</font><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';"><font>&nbsp;</font>and Consolidated Financial<font>&nbsp;</font></font><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">Statements</font></div>
<p style="margin: 0pt 0px; text-align: justify; font-size: 5pt;"><font style="font-family: 'Times New Roman'; font-size: 5pt;">&nbsp;</font></p>
<p style="margin: 0pt 0px; text-align: justify; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-size: 10pt;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
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<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff; text-align: justify;"><br></p>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">i</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">. Right</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">-of-</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">use assets and lease</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">s</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;"> payable</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The </font><font style="font-family: 'Times New Roman';">Company and its </font><font style="font-family: 'Times New Roman';">subsidiaries recognized in the financial position, a right</font><font style="font-family: 'Times New Roman';">-of-</font><font style="font-family: 'Times New Roman';">use assets and the </font><font style="font-family: 'Times New Roman';">respective lease</font><font style="font-family: 'Times New Roman';"> liabilities</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">initially measured at the present value of future lease payments, considering the related contract costs (see Note </font><font style="font-family: 'Times New Roman';">14</font><font style="font-family: 'Times New Roman';">). </font><font style="font-family: 'Times New Roman';">The amortization expenses of right</font><font style="font-family: 'Times New Roman';">-of-</font><font style="font-family: 'Times New Roman';">use assets is recognized in statement of profit or loss </font><font style="font-family: 'Times New Roman';">over the lease contract term</font><font style="font-family: 'Times New Roman';">. When the right-of-use asset is used</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">in</font><font style="font-family: 'Times New Roman';"> the</font><font style="font-family: 'Times New Roman';"> construction of the </font><font style="font-family: 'Times New Roman';">property, plant, and equipment</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">(&#8220;PP&amp;E&#8221;)</font><font style="font-family: 'Times New Roman';">, its amortization is capitalized until</font><font style="font-family: 'Times New Roman';"> the asset under construction </font><font style="font-family: 'Times New Roman';">is</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">completed</font><font style="font-family: 'Times New Roman';">.</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">The liability is increased for interest and </font><font style="font-family: 'Times New Roman';">decreased by lease</font><font style="font-family: 'Times New Roman';"> payments</font><font style="font-family: 'Times New Roman';"> made</font><font style="font-family: 'Times New Roman';">. The </font><font style="font-family: 'Times New Roman';">interests</font><font style="font-family: 'Times New Roman';"> are recognized in the statement of profit or loss using the effective interest rate method.</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">The remeasurement of assets and liabilities based on the contractual index is recognized in the financial position, not having an effect in the result. In case of cancellation of the contract, the assets and respective liabilities are written off to the result</font><font style="font-family: 'Times New Roman';">, considering, if it is the case, any penalties provided in contractual clauses. </font><font style="font-family: 'Times New Roman';">The Company and its subsidiaries have no intention in purchasing the underlying asset. </font><font style="font-family: 'Times New Roman';">The Company and its subsidiaries </font><font style="font-family: 'Times New Roman';">periodically </font><font style="font-family: 'Times New Roman';">review the existence of an indication that the righ</font><font style="font-family: 'Times New Roman';">t</font><font style="font-family: 'Times New Roman';">-of-</font><font style="font-family: 'Times New Roman';">use assets may </font><font style="font-family: 'Times New Roman';">be impaired</font><font style="font-family: 'Times New Roman';"> (see </font><font style="font-family: 'Times New Roman';">N</font><font style="font-family: 'Times New Roman';">ote 2.</font><font style="font-family: 'Times New Roman';">v</font><font style="font-family: 'Times New Roman';">).</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Right</font><font style="font-family: 'Times New Roman';">-of-</font><font style="font-family: 'Times New Roman';">use assets include amo</font><font style="font-family: 'Times New Roman';">u</font><font style="font-family: 'Times New Roman';">nts related to </font><font style="font-family: 'Times New Roman';">area port leases</font><font style="font-family: 'Times New Roman';"> grants (see Note </font><font style="font-family: 'Times New Roman';">35</font><font style="font-family: 'Times New Roman';">.c)</font><font style="font-family: 'Times New Roman';">.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The </font><font style="font-family: 'Times New Roman';">Company and its </font><font style="font-family: 'Times New Roman';">subsidiaries </font><font style="font-family: 'Times New Roman';">apply </font><font style="font-family: 'Times New Roman';">the </font><font style="font-family: 'Times New Roman';">recognition </font><font style="font-family: 'Times New Roman';">exemptions </font><font style="font-family: 'Times New Roman';">to </font><font style="font-family: 'Times New Roman';">short-term leases of 12 months or less and lease </font><font style="font-family: 'Times New Roman';">contracts </font><font style="font-family: 'Times New Roman';">of low amount assets. In these cases, the recognition of the lease expense in the statements of profit or loss is on a straight-line basis.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">j</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">. </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">Property, plant, and equipment</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">PP&amp;E </font><font style="font-family: 'Times New Roman';">is recognized at acquisition or construction cost, including </font><font style="font-family: 'Times New Roman';">capitalization of right-of-use assets amortization and </font><font style="font-family: 'Times New Roman';">financial charges incurred on </font><font style="font-family: 'Times New Roman';">PP&amp;E</font><font style="font-family: 'Times New Roman';"> under construction, as well as </font><font style="font-family: 'Times New Roman';">qualifying</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">maintenance costs resulting from scheduled plant outages and estimated costs to remove, to decommission</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> or to restore assets (see Note</font><font style="font-family: 'Times New Roman';">s 2.</font><font style="font-family: 'Times New Roman';">o</font><font style="font-family: 'Times New Roman';"> and</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">22</font><font style="font-family: 'Times New Roman';">)</font><font style="font-family: 'Times New Roman';">, </font><font style="font-family: 'Times New Roman';">less </font><font style="font-family: 'Times New Roman';">accumulated depreciation and, when applicable, </font><font style="font-family: 'Times New Roman';">less</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">provision for </font><font style="font-family: 'Times New Roman';">losses</font><font style="font-family: 'Times New Roman';"> (see Note </font><font style="font-family: 'Times New Roman';">15</font><font style="font-family: 'Times New Roman';">)</font><font style="font-family: 'Times New Roman';">.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Depreciation is calculated using the straight-line method, </font><font style="font-family: 'Times New Roman';">over </font><font style="font-family: 'Times New Roman';">the periods mentioned in Note </font><font style="font-family: 'Times New Roman';">15</font><font style="font-family: 'Times New Roman';">, taking into account the </font><font style="font-family: 'Times New Roman';">estimated </font><font style="font-family: 'Times New Roman';">useful li</font><font style="font-family: 'Times New Roman';">ves</font><font style="font-family: 'Times New Roman';"> of the assets, which are reviewed annually.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Lease</font><font style="font-family: 'Times New Roman';">s </font><font style="font-family: 'Times New Roman';">hold improvements are depreciated over the shorter of the lease contract term and useful life of the property.</font></font></p>
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<p style="margin: 0pt; text-align: justify;"><br></p>
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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>22</font></font></td>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
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<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"><br></font></p>
<div style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">
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<div style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">
<p style="margin: 2pt 0px 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
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<div style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">
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<p style="margin: 0pt 0px; text-align: justify; font-size: 5pt;"><font style="font-family: 'Times New Roman'; font-size: 5pt;">&nbsp;</font></p>
<div style="margin: 0pt 0px; text-align: justify; font-size: 11pt;"><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">Notes to the Parent</font><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">&#8217;s Separate</font><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';"><font>&nbsp;</font>and Consolidated Financial<font>&nbsp;</font></font><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">Statements</font></div>
<p style="margin: 0pt 0px; text-align: justify; font-size: 5pt;"><font style="font-family: 'Times New Roman'; font-size: 5pt;">&nbsp;</font></p>
<p style="margin: 0pt 0px; text-align: justify; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-size: 10pt;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
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<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;"><br></font></font></p>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">k</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">. </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">Intangible </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">a</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">ssets</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Intangible assets include assets acquired by the Company and its subsidiaries from third parties,</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">and </font><font style="font-family: 'Times New Roman';">are recognized</font><font style="font-family: 'Times New Roman';"> according to the criteria below:</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<ul type="disc" style="margin: 0pt; padding-left: 0pt;">
<li style="font-family: Symbol; font-size: 11pt; margin: 0pt 0pt 0pt 28.06pt; padding-left: 7.94pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Goodwill is shown as intangible assets corresponding to the positive difference between the amount paid or payable to the seller and the fair value of the </font><font style="font-family: 'Times New Roman';">identifiable</font><font style="font-family: 'Times New Roman';"> assets and liabilities assumed of the acquired entity. Goodwill is tested annually for impairment. Goodwill is allocated to the business segments, which represent the lowest level that goodwill is monitored for impairment testing purposes (see Note </font><font style="font-family: 'Times New Roman';">16</font><font style="font-family: 'Times New Roman';">.a).</font></font></li>
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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<ul type="disc" style="margin: 0pt; padding-left: 0pt;">
<li style="font-family: Symbol; font-size: 11pt; margin: 0pt 0pt 0pt 28.06pt; padding-left: 7.94pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Other intangible assets acquired from third parties, such as software</font><font style="font-family: 'Times New Roman';">s</font><font style="font-family: 'Times New Roman';">, technology, and commercial property rights, are measured at the total acquisition cost and amortized using straight-line method, over the periods mentioned in Note </font><font style="font-family: 'Times New Roman';">16</font><font style="font-family: 'Times New Roman';">, taking into account their useful lives, which are reviewed annually.</font></font></li>
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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<ul type="disc" style="margin: 0pt; padding-left: 0pt;">
<li style="font-family: Symbol; font-size: 11pt; margin: 0pt 0pt 0pt 28.06pt; padding-left: 7.94pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The </font><font style="font-family: 'Times New Roman';">d</font><font style="font-family: 'Times New Roman';">ecarbonization </font><font style="font-family: 'Times New Roman';">c</font><font style="font-family: 'Times New Roman';">redits (</font><font style="font-family: 'Times New Roman';">&#8220;</font><font style="font-family: 'Times New Roman';">CBIOS</font><font style="font-family: 'Times New Roman';">&#8221;</font><font style="font-family: 'Times New Roman';">) acquired are recorded at historical cost in intangible assets</font><font style="font-family: 'Times New Roman';">, </font><font style="font-family: 'Times New Roman';">retired in the year to </font><font style="font-family: 'Times New Roman';">fulfillment</font><font style="font-family: 'Times New Roman';"> the individual target set by the National Agency </font><font style="font-family: 'Times New Roman';">of</font><font style="font-family: 'Times New Roman';"> Petroleum, Natural Gas and Biofuels (&#8220;ANP&#8221;)</font><font style="font-family: 'Times New Roman';"> and are not amortized. These assets are used to settle</font><font style="font-family: 'Times New Roman';"> of</font><font style="font-family: 'Times New Roman';"> the </font><font style="font-family: 'Times New Roman';">annual deca</font><font style="font-family: 'Times New Roman';">r</font><font style="font-family: 'Times New Roman';">bonization obligation adopted by Brazilian National Biofuels Policy </font><font style="font-family: 'Times New Roman';">(&#8220;</font><font style="font-family: 'Times New Roman';">RenovaBio</font><font style="font-family: 'Times New Roman';">&#8221;), </font><font style="font-family: 'Times New Roman';">implemented by Law No. </font><font style="font-family: 'Times New Roman';">13,576/2017, with additional regulations established by Decree No. 9,888/2019 and Ordinance No. 419 of November 20, 2019 issued by the Brazilian Ministry of Mines and Energy</font><font style="font-family: 'Times New Roman';">.</font></font></li>
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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The Company and its subsidiaries have not recognized intangible assets that were </font><font style="font-family: 'Times New Roman';">generated</font><font style="font-family: 'Times New Roman';"> internally. </font><font style="font-family: 'Times New Roman';">The Company and its subsidiaries have goodwill and brands acquired in business combination</font><font style="font-family: 'Times New Roman';">s</font><font style="font-family: 'Times New Roman';">, which are evaluated as intangible assets with indefinite useful life (see Note </font><font style="font-family: 'Times New Roman';">16</font><font style="font-family: 'Times New Roman';"> items </font><font style="font-family: 'Times New Roman';">a</font><font style="font-family: 'Times New Roman';"> and </font><font style="font-family: 'Times New Roman';">e</font><font style="font-family: 'Times New Roman';">).</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">l</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">. </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">Other assets</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Other assets are stated at the lower of cost and realizable value, including, if applicable, interest earned, monetary changes and changes in exchange rates incurred, less the provisions for losses and, if applicable, adjusted to present value.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">m</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">. </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">Financial </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">l</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">iabilities</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The financial liabilities include trade payables, other payables, financing, loans, debentures</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">leases</font><font style="font-family: 'Times New Roman';"> payable</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">and </font><font style="font-family: 'Times New Roman';">derivative financial </font><font style="font-family: 'Times New Roman';">instruments. Financial liabilities are classified as &#8220;financial liabilities at fair value through profit or loss&#8221; or &#8220;financial liabilities at amorti</font><font style="font-family: 'Times New Roman';">z</font><font style="font-family: 'Times New Roman';">ed cost&#8221;. The financial liabilities at fair value through profit or loss refer to derivative financial instruments</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">subscription warrants</font><font style="font-family: 'Times New Roman';"> - indemnification</font><font style="font-family: 'Times New Roman';">, </font><font style="font-family: 'Times New Roman';">and financial liabilities designated as hedged items in a fair value hedge relationship upon initial recognition (see Note 2.c &#8211; </font><font style="font-family: 'Times New Roman';">F</font><font style="font-family: 'Times New Roman';">air </font><font style="font-family: 'Times New Roman';">V</font><font style="font-family: 'Times New Roman';">alue </font><font style="font-family: 'Times New Roman';">H</font><font style="font-family: 'Times New Roman';">edge). The financial liabilities at amorti</font><font style="font-family: 'Times New Roman';">z</font><font style="font-family: 'Times New Roman';">ed cost are stated at the initial transaction amount plus related charges and </font><font style="font-family: 'Times New Roman';">net of amortization and </font><font style="font-family: 'Times New Roman';">transaction costs. The charges are recognized in </font><font style="font-family: 'Times New Roman';">the statement of </font><font style="font-family: 'Times New Roman';">profit or loss using the effective interest rate method.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Transaction costs incurred and directly attributable to the activities necessary for contracting loans or for issuing bonds, as well as premiums and discounts upon issuance of debentures and other debt, are allocated to the instrument and amortized </font><font style="font-family: 'Times New Roman';">in the statement of</font><font style="font-family: 'Times New Roman';"> profit or loss </font><font style="font-family: 'Times New Roman';">taking into</font><font style="font-family: 'Times New Roman';"> its term,</font><font style="font-family: 'Times New Roman';">&nbsp;</font><font style="font-family: 'Times New Roman';">using the effective interest rate method</font><font style="font-family: 'Times New Roman';"> (see Note </font><font style="font-family: 'Times New Roman';">17</font><font style="font-family: 'Times New Roman';">.</font><font style="font-family: 'Times New Roman';">h</font><font style="font-family: 'Times New Roman';">)</font><font style="font-family: 'Times New Roman';">.</font></font></p>
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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>23</font></font></td>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
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<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"><br></font></p>
<div style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">
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<p style="margin: 2pt 0px 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
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<div style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">
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<p style="margin: 0pt 0px; text-align: justify; font-size: 5pt;"><font style="font-family: 'Times New Roman'; font-size: 5pt;">&nbsp;</font></p>
<div style="margin: 0pt 0px; text-align: justify; font-size: 11pt;"><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">Notes to the Parent</font><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">&#8217;s Separate</font><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';"><font>&nbsp;</font>and Consolidated Financial<font>&nbsp;</font></font><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">Statements</font></div>
<p style="margin: 0pt 0px; text-align: justify; font-size: 5pt;"><font style="font-family: 'Times New Roman'; font-size: 5pt;">&nbsp;</font></p>
<p style="margin: 0pt 0px; text-align: justify; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-size: 10pt;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
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<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff; text-align: justify;"><br></p>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">n</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">. </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">Income and </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">s</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">ocial </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">c</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">ontribution </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">t</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">axes on </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">i</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">ncome</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Current and deferred income tax (&#8220;IRPJ&#8221;) and social contribution on net income tax (&#8220;CSLL&#8221;) are calculated based on their current rates</font><font style="font-family: 'Times New Roman';">. For the calculation of current IRPJ</font><font style="font-family: 'Times New Roman';">, the value of tax incentives</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">is</font><font style="font-family: 'Times New Roman';"> also considered</font><font style="font-family: 'Times New Roman';">. At the end of the fiscal year the portion of the profit corresponding to these investment grants is allocated to the constitution of a tax incentive reserve in subsidiaries shareholders' equity and is excluded from the dividend calculation base and subsequently capitalized. Taxes are recognized based on the rates of IRPJ and CSLL provided for by the laws enacted on the last day of the </font><font style="font-family: 'Times New Roman';">financial </font><font style="font-family: 'Times New Roman';">statements</font><font style="font-family: 'Times New Roman';">. </font><font style="font-family: 'Times New Roman';">The current rates in Brazil are 25% for </font><font style="font-family: 'Times New Roman';">IRPJ</font><font style="font-family: 'Times New Roman';"> and 9% for </font><font style="font-family: 'Times New Roman';">CSLL</font><font style="font-family: 'Times New Roman';">. </font><font style="font-family: 'Times New Roman';">For </font><font style="font-family: 'Times New Roman';">more</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">information</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">about recognition and realization of IRPJ and CSLL see Note </font><font style="font-family: 'Times New Roman';">10</font><font style="font-family: 'Times New Roman';">.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">For purposes of disclosure deferred tax assets were offset against the deferred tax liability </font><font style="font-family: 'Times New Roman';">IRPJ</font><font style="font-family: 'Times New Roman';"> and </font><font style="font-family: 'Times New Roman';">CSLL</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">in</font><font style="font-family: 'Times New Roman';"> the same taxable entity and the same tax authority.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">o</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">. </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">Provision for </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">a</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">sset </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">r</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">et</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">i</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">rement </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">o</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">bligation &#8211; fuel tanks</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The subsidiar</font><font style="font-family: 'Times New Roman';">y Ipiranga</font><font style="font-family: 'Times New Roman';"> ha</font><font style="font-family: 'Times New Roman';">s</font><font style="font-family: 'Times New Roman';"> the legal obligation to remove </font><font style="font-family: 'Times New Roman';">the</font><font style="font-family: 'Times New Roman';"> underground fuel tanks located at Ipiranga-branded service stations after a certain period. The estimated cost of the obligation to remove these fuel tanks is recognized as a liability when </font><font style="font-family: 'Times New Roman';">the </font><font style="font-family: 'Times New Roman';">tanks are installed. The estimated cost is recognized in </font><font style="font-family: 'Times New Roman';">PP&amp;E</font><font style="font-family: 'Times New Roman';"> and depreciated over the respective useful li</font><font style="font-family: 'Times New Roman';">ves</font><font style="font-family: 'Times New Roman';"> of the asset. The amounts recognized as a liability </font><font style="font-family: 'Times New Roman';">accrue </font><font style="font-family: 'Times New Roman';">inflation effect</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">using the</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">Amplified</font><font style="font-family: 'Times New Roman';"> Consumer Price Index </font><font style="font-family: 'Times New Roman';">(&#8220;</font><font style="font-family: 'Times New Roman';">IPCA</font><font style="font-family: 'Times New Roman';">&#8221;)</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">until the tank is removed (see Note</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">22</font><font style="font-family: 'Times New Roman';">). The estimated removal cost is reviewed and updated annually or when there is significant change in its amount</font><font style="font-family: 'Times New Roman';"> and change in the estimated cost</font><font style="font-family: 'Times New Roman';">s</font><font style="font-family: 'Times New Roman';"> are recognized in </font><font style="font-family: 'Times New Roman';">statements of profit or loss</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">when they become known</font><font style="font-family: 'Times New Roman';">.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">p</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">. </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">Provisions for tax, civil, and labor risks</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">A provision for tax, civil and labor risks is recognized for quantifiable risks, when the chance of loss is more-likely-than-not in the opinion of management and internal and external legal counsel, and the amounts are recognized based on </font><font style="font-family: 'Times New Roman';">the </font><font style="font-family: 'Times New Roman';">evaluation of the outcomes of the legal proceedings (see Note </font><font style="font-family: 'Times New Roman';">23</font><font style="font-family: 'Times New Roman';">).</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">q</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">. </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">Post-employment benefits</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Post-employment benefits granted and to be granted to employees, retirees, and pensioners are based on an actuarial calculation prepared by an independent actuary</font><font style="font-family: 'Times New Roman';"> and reviewed by management</font><font style="font-family: 'Times New Roman';">, using the projected unit credit method (see Note </font><font style="font-family: 'Times New Roman';">21</font><font style="font-family: 'Times New Roman';">.b). The actuarial gains and losses are recognized in </font><font style="font-family: 'Times New Roman';">equity in </font><font style="font-family: 'Times New Roman';">cumulative </font><font style="font-family: 'Times New Roman';">other comprehensive income</font><font style="font-family: 'Times New Roman';"> in the &#8220;Valuation adjustments&#8221;</font><font style="font-family: 'Times New Roman';">.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">r</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">. </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">Other </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">l</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">iabilities</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Other liabilities are stated at known or measurable amounts and changes in exchange rates incurred. When applicable, other liabilities are recognized at present value</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> based on interest rates that reflect the term, currency</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> and risk of each transaction.</font></font></p>
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<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';"><br></font></font></p>
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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>24</font></font></td>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
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<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"><br></font></p>
<div style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">
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<div style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">
<p style="margin: 2pt 0px 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
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<div style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">
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<p style="margin: 0pt 0px; text-align: justify; font-size: 5pt;"><font style="font-family: 'Times New Roman'; font-size: 5pt;">&nbsp;</font></p>
<div style="margin: 0pt 0px; text-align: justify; font-size: 11pt;"><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">Notes to the Parent</font><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">&#8217;s Separate</font><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';"><font>&nbsp;</font>and Consolidated Financial<font>&nbsp;</font></font><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">Statements</font></div>
<p style="margin: 0pt 0px; text-align: justify; font-size: 5pt;"><font style="font-family: 'Times New Roman'; font-size: 5pt;">&nbsp;</font></p>
<p style="margin: 0pt 0px; text-align: justify; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-size: 10pt;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
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<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff; text-align: justify;"><br></p>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">s</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">. </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">Foreign currency transactions</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Foreign currency transactions carried out by the Company or its subsidiaries are remeasured into their functional currency at the exchange rate prevailing at the date of each transaction. Outstanding monetary assets and liabilities of the Company and its subsidiaries are translated using the exchange rate at the </font><font style="font-family: 'Times New Roman';">date</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">of the</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">financial </font><font style="font-family: 'Times New Roman';">statements</font><font style="font-family: 'Times New Roman';">. The effect of the difference between those exchange rates is recognized in </font><font style="font-family: 'Times New Roman';">financial results</font><font style="font-family: 'Times New Roman';"> until the conclusion of each transaction.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">t</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">. </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">Basis for </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">t</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">ranslation of </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">f</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">inancial </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">statements</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;"> of </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">f</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">oreign </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">s</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">ubsidiaries</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">t</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">.1 Subsidiaries with administrative </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">authority</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Assets and liabilities of the foreign subsidiaries denominated in currencies other than Brazilian Real which have administrative </font><font style="font-family: 'Times New Roman';">authority</font><font style="font-family: 'Times New Roman';"> are translated using the exchange rate at the </font><font style="font-family: 'Times New Roman';">date of the </font><font style="font-family: 'Times New Roman';">financial </font><font style="font-family: 'Times New Roman';">statements</font><font style="font-family: 'Times New Roman';">. Revenues and expenses are translated using the average exchange rate of each </font><font style="font-family: 'Times New Roman';">year</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">and equity </font><font style="font-family: 'Times New Roman';">is</font><font style="font-family: 'Times New Roman';"> translated at the historic</font><font style="font-family: 'Times New Roman';">al</font><font style="font-family: 'Times New Roman';"> exchange rate of each transaction affecting equity. Gains and losses resulting from changes in these foreign investments are directly recognized in equity </font><font style="font-family: 'Times New Roman';">in the &#8220;</font><font style="font-family: 'Times New Roman';">cumulative translation adjustments</font><font style="font-family: 'Times New Roman';">&#8221;</font><font style="font-family: 'Times New Roman';"> and will be recognized in profit or loss if and when these investments are disposed of. The balance in </font><font style="font-family: 'Times New Roman';">cumulative </font><font style="font-family: 'Times New Roman';">translation adjustments</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">on </font><font style="font-family: 'Times New Roman';">December</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">3</font><font style="font-family: 'Times New Roman';">1</font><font style="font-family: 'Times New Roman';">, 20</font><font style="font-family: 'Times New Roman';">2</font><font style="font-family: 'Times New Roman';">1</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">was </font><font style="font-family: 'Times New Roman';">a </font><font style="font-family: 'Times New Roman';">gain</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">of R$ </font><font style="font-family: 'Times New Roman';">304,</font><font style="font-family: 'Times New Roman';">645</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">(gain of R$ </font><font style="font-family: 'Times New Roman';">231,596</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">on December 31, 20</font><font style="font-family: 'Times New Roman';">20</font><font style="font-family: 'Times New Roman';">)</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">and is related to the subsidiaries Oxiteno which on December 31, 2021 were classified as assets and liabilities held for sale. </font><font style="font-family: 'Times New Roman';">S</font><font style="font-family: 'Times New Roman';">ee Note</font><font style="font-family: 'Times New Roman';">s 3 and</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">26</font><font style="font-family: 'Times New Roman';">.</font><font style="font-family: 'Times New Roman';">g</font><font style="font-family: 'Times New Roman';">.2</font><font style="font-family: 'Times New Roman';">.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The foreign subsidiaries with functional currency different from the Company and which have administrative </font><font style="font-family: 'Times New Roman';">authority</font><font style="font-family: 'Times New Roman';"> are listed below:</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 11pt;">&nbsp;</font></p>
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<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Subsidiary</font></p>
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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Functional</font><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;"> currency</font></p>
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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Location</font></p>
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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Oxiteno M&#233;xico S.A. de C.V.</font></p>
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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Mexican Peso</font></p>
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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Mexico</font></p>
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<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">&nbsp;</font><font style="font-family: 'Times New Roman';">&nbsp;</font><font style="font-family: 'Times New Roman';">&nbsp;</font><font style="font-family: 'Times New Roman';">Oxiteno Servicios Corporativos S.A. de C.V.</font></font></p>
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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Mexican Peso</font></p>
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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Mexico</font></p>
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<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">&nbsp;</font><font style="font-family: 'Times New Roman';">&nbsp;</font><font style="font-family: 'Times New Roman';">&nbsp;</font><font style="font-family: 'Times New Roman';">Oxiteno Servicios</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">Industriales</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">S.A. </font><font style="font-family: 'Times New Roman';">de C.V.</font></font></p>
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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Mexican Peso</font></p>
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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Mexico</font></p>
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<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">&nbsp;</font><font style="font-family: 'Times New Roman';">&nbsp;</font><font style="font-family: 'Times New Roman';">&nbsp;</font><font style="font-family: 'Times New Roman';">Oxiteno USA LLC</font></font></p>
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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">U.S. Dollar</font></p>
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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">United States</font></p>
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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Oxiteno Uruguay S.A. <font style="font-size: 8pt;"><sup>(i)</sup></font></font></p>
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<td style="vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">U.S. Dollar</font></p>
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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Uruguay</font></p>
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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 11pt;">&nbsp;</font></p>
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<td valign="top" style="width: 20.2557px; padding: 0px; vertical-align: top;"><font style="font-size: 8pt;"><font style="color: #000000; font-family: 'Times New Roman'; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -18.9333px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(i)</font></font></td>
<td valign="top" style="width: 790.284px; padding: 0px; vertical-align: top;"><font style="font-size: 8pt;"><font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -18.9333px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">The subsidiary&nbsp;Oxiteno&nbsp;Uruguay S.A. (&#8220;Oxiteno&nbsp;Uruguay&#8221;) determined its functional currency as the U.S. dollar</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -18.9333px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">&nbsp;(&#8220;US$&#8221;)</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -18.9333px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">, as its&nbsp;</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -18.9333px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">inventory&nbsp;</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -18.9333px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">sales, purchases of&nbsp;</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -18.9333px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">raw material inputs</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -18.9333px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">, and financing activities are performed substantially in this currency.</font></font></font></td>
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<p style="margin: 0pt; text-align: justify;"><br></p>
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">t</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">.2 </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">Subsidiaries without administrative </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">authority</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Assets and liabilities of the other foreign subsidiaries, which do not have administrative </font><font style="font-family: 'Times New Roman';">authority</font><font style="font-family: 'Times New Roman';">, are considered an </font><font style="font-family: 'Times New Roman';">extension</font><font style="font-family: 'Times New Roman';"> of the activities of their parent company and are translated using the exchange rate at the </font><font style="font-family: 'Times New Roman';">date of the </font><font style="font-family: 'Times New Roman';">financial </font><font style="font-family: 'Times New Roman';">statements</font><font style="font-family: 'Times New Roman';">. Gains and losses resulting from changes in these foreign investments are directly recognized as financial </font><font style="font-family: 'Times New Roman';">result</font><font style="font-family: 'Times New Roman';">. </font><font style="font-family: 'Times New Roman';">T</font><font style="font-family: 'Times New Roman';">he </font><font style="font-family: 'Times New Roman';">gain</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">recognized in </font><font style="font-family: 'Times New Roman';">income </font><font style="font-family: 'Times New Roman';">for the </font><font style="font-family: 'Times New Roman';">year</font><font style="font-family: 'Times New Roman';"> ended </font><font style="font-family: 'Times New Roman';">December</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">3</font><font style="font-family: 'Times New Roman';">1</font><font style="font-family: 'Times New Roman';">, 2021</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">amounted to R$ </font><font style="font-family: 'Times New Roman';">2,309</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">(gain</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">of R$ </font><font style="font-family: 'Times New Roman';">15,126</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">for the </font><font style="font-family: 'Times New Roman';">year</font><font style="font-family: 'Times New Roman';"> ended </font><font style="font-family: 'Times New Roman';">December</font><font style="font-family: 'Times New Roman';"> 3</font><font style="font-family: 'Times New Roman';">1</font><font style="font-family: 'Times New Roman';">, 2020</font><font style="font-family: 'Times New Roman';"> - restated</font><font style="font-family: 'Times New Roman';">).</font></font></p>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
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<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"><br></font></p>
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<p style="margin: 2pt 0px 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
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<div style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">
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<p style="margin: 0pt 0px; text-align: justify; font-size: 5pt;"><font style="font-family: 'Times New Roman'; font-size: 5pt;">&nbsp;</font></p>
<div style="margin: 0pt 0px; text-align: justify; font-size: 11pt;"><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">Notes to the Parent</font><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">&#8217;s Separate</font><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';"><font>&nbsp;</font>and Consolidated Financial<font>&nbsp;</font></font><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">Statements</font></div>
<p style="margin: 0pt 0px; text-align: justify; font-size: 5pt;"><font style="font-family: 'Times New Roman'; font-size: 5pt;">&nbsp;</font></p>
<p style="margin: 0pt 0px; text-align: justify; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-size: 10pt;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
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<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff; text-align: justify;"><br></p>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">u</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">. </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">Use of estimates, assumptions and judgments</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The preparation of the </font><font style="font-family: 'Times New Roman';">financial </font><font style="font-family: 'Times New Roman';">statements</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">requires the use of estimates, assumptions</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> and judgments for the accounting and disclosure of certain assets, liabilities</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> and </font><font style="font-family: 'Times New Roman';">profit or loss</font><font style="font-family: 'Times New Roman';">. Therefore, </font><font style="font-family: 'Times New Roman';">the </font><font style="font-family: 'Times New Roman';">Company and subsidiaries&#8217; management use the best information available at the </font><font style="font-family: 'Times New Roman';">date</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">of preparation of the </font><font style="font-family: 'Times New Roman';">financial </font><font style="font-family: 'Times New Roman';">statements</font><font style="font-family: 'Times New Roman';">, as well as the experience of past and current events, also considering assumptions regarding future events. The estimates and assumptions are reviewed periodically</font><font style="font-family: 'Times New Roman';">.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">u</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">.1 Judgments</font></font></p>
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<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Information on the judgments is included: in </font><font style="font-family: 'Times New Roman';">the </font><font style="font-family: 'Times New Roman';">determin</font><font style="font-family: 'Times New Roman';">ation of</font><font style="font-family: 'Times New Roman';"> control </font><font style="font-family: 'Times New Roman';">in</font><font style="font-family: 'Times New Roman';"> subsidiaries (Notes 2.</font><font style="font-family: 'Times New Roman';">h</font><font style="font-family: 'Times New Roman';">, 2.</font><font style="font-family: 'Times New Roman';">t</font><font style="font-family: 'Times New Roman';">.1, </font><font style="font-family: 'Times New Roman';">4</font><font style="font-family: 'Times New Roman';"> and </font><font style="font-family: 'Times New Roman';">13</font><font style="font-family: 'Times New Roman';">.a), </font><font style="font-family: 'Times New Roman';">the determination of </font><font style="font-family: 'Times New Roman';">joint control </font><font style="font-family: 'Times New Roman';">in</font><font style="font-family: 'Times New Roman';"> joint venture (Notes 2.</font><font style="font-family: 'Times New Roman';">h</font><font style="font-family: 'Times New Roman';">, </font><font style="font-family: 'Times New Roman';">13</font><font style="font-family: 'Times New Roman';">.a and </font><font style="font-family: 'Times New Roman';">13</font><font style="font-family: 'Times New Roman';">.b)</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">the </font><font style="font-family: 'Times New Roman';">determin</font><font style="font-family: 'Times New Roman';">ation</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">of </font><font style="font-family: 'Times New Roman';">significant influence </font><font style="font-family: 'Times New Roman';">in associates </font><font style="font-family: 'Times New Roman';">(Notes 2.</font><font style="font-family: 'Times New Roman';">h</font><font style="font-family: 'Times New Roman';"> and </font><font style="font-family: 'Times New Roman';">13</font><font style="font-family: 'Times New Roman';">.c)</font><font style="font-family: 'Times New Roman';"> and determination of assets and liabilities held for sale and discontinued operations (Note 3)</font><font style="font-family: 'Times New Roman';">.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">u</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">.2 Uncertainties </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">related to the</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;"> assumptions and estimates</font></font></p>
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<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The information regarding uncertainties related to the assumptions and estimates are included: in </font><font style="font-family: 'Times New Roman';">determining the fair value of financial instruments (Notes </font><font style="font-family: 'Times New Roman';">2.c, 2.</font><font style="font-family: 'Times New Roman';">m</font><font style="font-family: 'Times New Roman';">, </font><font style="font-family: 'Times New Roman';">5</font><font style="font-family: 'Times New Roman';">, </font><font style="font-family: 'Times New Roman';">17</font><font style="font-family: 'Times New Roman';"> and </font><font style="font-family: 'Times New Roman';">34</font><font style="font-family: 'Times New Roman';">), the determination of the </font><font style="font-family: 'Times New Roman';">loss allowance for expected credit losses</font><font style="font-family: 'Times New Roman';"> (Note</font><font style="font-family: 'Times New Roman';">s</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">2.d, </font><font style="font-family: 'Times New Roman';">6</font><font style="font-family: 'Times New Roman';"> and </font><font style="font-family: 'Times New Roman';">34</font><font style="font-family: 'Times New Roman';">.d.3</font><font style="font-family: 'Times New Roman';">), </font><font style="font-family: 'Times New Roman';">the determination of provisions for losses of inventories (Note</font><font style="font-family: 'Times New Roman';">s 2.e</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">and </font><font style="font-family: 'Times New Roman';">7</font><font style="font-family: 'Times New Roman';">), </font><font style="font-family: 'Times New Roman';">the estima</font><font style="font-family: 'Times New Roman';">tes</font><font style="font-family: 'Times New Roman';"> of </font><font style="font-family: 'Times New Roman';">realization of deferred </font><font style="font-family: 'Times New Roman';">IRPJ and CSLL</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">amounts </font><font style="font-family: 'Times New Roman';">(Note</font><font style="font-family: 'Times New Roman';">s 2.</font><font style="font-family: 'Times New Roman';">n</font><font style="font-family: 'Times New Roman';"> and</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">10</font><font style="font-family: 'Times New Roman';">.a</font><font style="font-family: 'Times New Roman';">), </font><font style="font-family: 'Times New Roman';">the useful lives and discount rate of right</font><font style="font-family: 'Times New Roman';">-of-</font><font style="font-family: 'Times New Roman';">use assets (Notes 2.</font><font style="font-family: 'Times New Roman';">i</font><font style="font-family: 'Times New Roman';"> and </font><font style="font-family: 'Times New Roman';">14</font><font style="font-family: 'Times New Roman';">),</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">the useful li</font><font style="font-family: 'Times New Roman';">ves </font><font style="font-family: 'Times New Roman';">of </font><font style="font-family: 'Times New Roman';">PP&amp;E</font><font style="font-family: 'Times New Roman';"> (Note</font><font style="font-family: 'Times New Roman';">s 2.</font><font style="font-family: 'Times New Roman';">j</font><font style="font-family: 'Times New Roman';"> and</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">15</font><font style="font-family: 'Times New Roman';">), the useful li</font><font style="font-family: 'Times New Roman';">ves</font><font style="font-family: 'Times New Roman';"> of intangible assets</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> and the determination of the recoverable amount of goodwill (Note</font><font style="font-family: 'Times New Roman';">s 2.</font><font style="font-family: 'Times New Roman';">k</font><font style="font-family: 'Times New Roman';"> and</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">16</font><font style="font-family: 'Times New Roman';">.a</font><font style="font-family: 'Times New Roman';">), provisions for assets retirement obligations (Note</font><font style="font-family: 'Times New Roman';">s 2.</font><font style="font-family: 'Times New Roman';">o</font><font style="font-family: 'Times New Roman';"> and</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">22</font><font style="font-family: 'Times New Roman';">), </font><font style="font-family: 'Times New Roman';">provisions for </font><font style="font-family: 'Times New Roman';">tax, civil</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> and labor</font><font style="font-family: 'Times New Roman';"> risks</font><font style="font-family: 'Times New Roman';"> (Note</font><font style="font-family: 'Times New Roman';">s 2.</font><font style="font-family: 'Times New Roman';">p</font><font style="font-family: 'Times New Roman';"> and</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">23</font><font style="font-family: 'Times New Roman';">)</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> estimates for the preparation of actuarial reports (Note</font><font style="font-family: 'Times New Roman';">s 2.</font><font style="font-family: 'Times New Roman';">q</font><font style="font-family: 'Times New Roman';"> and</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">21</font><font style="font-family: 'Times New Roman';">.b)</font><font style="font-family: 'Times New Roman';"> and the determination of fair value of subscription warrants &#8211; indemnification</font><font style="font-family: 'Times New Roman';"> (Notes </font><font style="font-family: 'Times New Roman';">25</font><font style="font-family: 'Times New Roman';"> and </font><font style="font-family: 'Times New Roman';">34</font><font style="font-family: 'Times New Roman';">.j</font><font style="font-family: 'Times New Roman';">)</font><font style="font-family: 'Times New Roman';">. The actual result of the transactions and information may differ from their estimates.</font></font></p>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
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<p style="margin: 2pt 0px 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
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<p style="margin: 0pt 0px; text-align: justify; font-size: 5pt;"><font style="font-family: 'Times New Roman'; font-size: 5pt;">&nbsp;</font></p>
<div style="margin: 0pt 0px; text-align: justify; font-size: 11pt;"><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">Notes to the Parent</font><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">&#8217;s Separate</font><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';"><font>&nbsp;</font>and Consolidated Financial<font>&nbsp;</font></font><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">Statements</font></div>
<p style="margin: 0pt 0px; text-align: justify; font-size: 5pt;"><font style="font-family: 'Times New Roman'; font-size: 5pt;">&nbsp;</font></p>
<p style="margin: 0pt 0px; text-align: justify; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-size: 10pt;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
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<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff; text-align: justify;"><br></p>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">v</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">. </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">Impairment of assets</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The Company and its subsidiaries review </font><font style="font-family: 'Times New Roman';">in </font><font style="font-family: 'Times New Roman';">every report</font><font style="font-family: 'Times New Roman';">ing</font><font style="font-family: 'Times New Roman';"> period</font><font style="font-family: 'Times New Roman';"> the existence of </font><font style="font-family: 'Times New Roman';">any </font><font style="font-family: 'Times New Roman';">indication that an asset may be impaired.</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">To </font><font style="font-family: 'Times New Roman';">intangible assets with </font><font style="font-family: 'Times New Roman';">indefinite</font><font style="font-family: 'Times New Roman';"> useful life</font><font style="font-family: 'Times New Roman';"> the review is done annually. If there is an indication</font><font style="font-family: 'Times New Roman';"> of </font><font style="font-family: 'Times New Roman';">devaluation</font><font style="font-family: 'Times New Roman';"> the Company and its subsidiaries estimate the recoverable amount of the asset. Assets that cannot be evaluated individually are grouped in the smallest group of assets that generate cash </font><font style="font-family: 'Times New Roman';">inflow</font><font style="font-family: 'Times New Roman';"> from continuous use and that are largely independent of cash flows of other assets (</font><font style="font-family: 'Times New Roman';">cash generating units</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> &#8220;</font><font style="font-family: 'Times New Roman';">CGU</font><font style="font-family: 'Times New Roman';">&#8221;</font><font style="font-family: 'Times New Roman';">). The recoverable amount of assets or CGUs corresponds to the greater of their fair value net of applicable direct selling costs and their value in use.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The fair value </font><font style="font-family: 'Times New Roman';">less</font><font style="font-family: 'Times New Roman';"> costs </font><font style="font-family: 'Times New Roman';">to sell</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">is determined by the price that would be received to sell an asset in an orderly transaction between market participants at the measurement date, net of costs of removing the asset, and direct incremental costs to bring an asset into condition for its sale, legal costs</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> and taxes.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">To assess the value in use, the projections of future cash flows, trends</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> and outlooks, as well as the effects of obsolescence, demand, competition</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> and other economic factors</font><font style="font-family: 'Times New Roman';"> were considered</font><font style="font-family: 'Times New Roman';">. Such cash flows are discounted to their present values &#8203;&#8203;using the discount rate before tax that reflects market conditions for the period of impairment testing and the specific risks of the asset or CGU being evaluated. In cases where the expected discounted future cash flows are less than their carrying amount, </font><font style="font-family: 'Times New Roman';">an </font><font style="font-family: 'Times New Roman';">impairment loss is recognized for the amount by which the carrying value exceeds the fair value of these assets. Losses for impairment of assets are recognized in profit or loss. In case goodwill has been allocated to a CGU, the recognized losses are first allocated to reduce the corresponding goodwill. If the goodwill is not enough to absorb such losses, the surplus is allocated to the assets on a pro-rata basis. An impairment of goodwill cannot be reversed. For other assets, impairment losses may be reversed only to the extent that the asset's carrying amount does not exceed the carrying amount that would have been determined, net of depreciation or amortization, if the impairment had not been recognized.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">On </font><font style="font-family: 'Times New Roman';">December</font><font style="font-family: 'Times New Roman';"> 3</font><font style="font-family: 'Times New Roman';">1</font><font style="font-family: 'Times New Roman';">, 2021, the Company </font><font style="font-family: 'Times New Roman';">updated the calculation of the </font><font style="font-family: 'Times New Roman';">impairment of assets </font><font style="font-family: 'Times New Roman';">realized on June 30, 2021, </font><font style="font-family: 'Times New Roman';">for the subsidiary Imifarma Produtos Farmac&#234;uticos e Cosm&#233;ticos S.A. (&#8220;Extrafarma&#8221;) in the amount of R$ </font><font style="font-family: 'Times New Roman';">427,529</font><font style="font-family: 'Times New Roman';"> and deferred income and social contribution taxes effects of R$ </font><font style="font-family: 'Times New Roman';">145,360</font><font style="font-family: 'Times New Roman';">, resulting in a net loss of R$ </font><font style="font-family: 'Times New Roman';">282,169</font><font style="font-family: 'Times New Roman';">. S</font><font style="font-family: 'Times New Roman';">ee Note 3.</font><font style="font-family: 'Times New Roman';">a</font><font style="font-family: 'Times New Roman';">.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">w</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">. </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">Business </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">c</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">ombination</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">A business combination is accounted </font><font style="font-family: 'Times New Roman';">applying</font><font style="font-family: 'Times New Roman';"> the acquisition method. The cost of </font><font style="font-family: 'Times New Roman';">the </font><font style="font-family: 'Times New Roman';">acquisition is measured </font><font style="font-family: 'Times New Roman';">based on </font><font style="font-family: 'Times New Roman';">the consideration transferred and to be transferred, measured at fair value at the acquisition date. In </font><font style="font-family: 'Times New Roman';">a</font><font style="font-family: 'Times New Roman';"> business</font><font style="font-family: 'Times New Roman';"> combination</font><font style="font-family: 'Times New Roman';">, the assets acquired</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> and liabilities assumed are </font><font style="font-family: 'Times New Roman';">measured </font><font style="font-family: 'Times New Roman';">in order to classify and allocate them accordingly to the contractual terms, economic circumstances and relevant conditions on the acquisition date. The non-controlling interest in the acquired company</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">is measured based on its interest in net assets identified in the acquired company. Goodwill is measured as the excess of the </font><font style="font-family: 'Times New Roman';">consideration transferred and to be transferred</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">over the fair value of net assets acquired (identifiable assets and liabilities assumed, net). After </font><font style="font-family: 'Times New Roman';">the </font><font style="font-family: 'Times New Roman';">initial recognition, goodwill is measured at cost less any accumulated impairment losses. For impairment testing purposes, goodwill is allocated to the Company&#8217;s </font><font style="font-family: 'Times New Roman';">operating </font><font style="font-family: 'Times New Roman';">segment</font><font style="font-family: 'Times New Roman';">s</font><font style="font-family: 'Times New Roman';">. When the </font><font style="font-family: 'Times New Roman';">c</font><font style="font-family: 'Times New Roman';">ost of the acquisition</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">is </font><font style="font-family: 'Times New Roman';">lower</font><font style="font-family: 'Times New Roman';"> than the fair value of net assets acquired, </font><font style="font-family: 'Times New Roman';">a</font><font style="font-family: 'Times New Roman';"> gain is recognized directly in the statement</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">of profit or loss</font><font style="font-family: 'Times New Roman';">. Costs related to the acquisitions are recorded in the statement </font><font style="font-family: 'Times New Roman';">of profit or loss </font><font style="font-family: 'Times New Roman';">when incurred. For the </font><font style="font-family: 'Times New Roman';">year</font><font style="font-family: 'Times New Roman';"> ended on </font><font style="font-family: 'Times New Roman';">December</font><font style="font-family: 'Times New Roman';"> 3</font><font style="font-family: 'Times New Roman';">1</font><font style="font-family: 'Times New Roman';">, 20</font><font style="font-family: 'Times New Roman';">21</font><font style="font-family: 'Times New Roman';"> there </font><font style="font-family: 'Times New Roman';">was</font><font style="font-family: 'Times New Roman';"> not business combination.</font></font></p>
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<p style="margin: 0pt; text-align: justify;"><br></p>
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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>27</font></font></td>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"><br></font></p>
<div style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">
<div style="width: 8.5in; margin: 0 auto;">
<div style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">
<p style="margin: 2pt 0px 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
</div>
<div style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">
<div style="clear: both;">
<p style="margin: 0pt 0px; text-align: justify; font-size: 5pt;"><font style="font-family: 'Times New Roman'; font-size: 5pt;">&nbsp;</font></p>
<div style="margin: 0pt 0px; text-align: justify; font-size: 11pt;"><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">Notes to the Parent</font><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">&#8217;s Separate</font><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';"><font>&nbsp;</font>and Consolidated Financial<font>&nbsp;</font></font><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">Statements</font></div>
<p style="margin: 0pt 0px; text-align: justify; font-size: 5pt;"><font style="font-family: 'Times New Roman'; font-size: 5pt;">&nbsp;</font></p>
<p style="margin: 0pt 0px; text-align: justify; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-size: 10pt;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
</div>
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<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff; text-align: justify;"><br></p>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">x</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">. </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">Statements of value added</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The</font><font style="font-family: 'Times New Roman';"> statements of value added (&#8220;DVA&#8221;) </font><font style="font-family: 'Times New Roman';">are presented </font><font style="font-family: 'Times New Roman';">as an integral part of the </font><font style="font-family: 'Times New Roman';">financial </font><font style="font-family: 'Times New Roman';">statements</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">as</font><font style="font-family: 'Times New Roman';"> applicable to publicly</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">traded companies</font><font style="font-family: 'Times New Roman';"> in Brazil, according to Law 11,638/07</font><font style="font-family: 'Times New Roman';"> and as supplemental information for </font><font style="font-family: 'Times New Roman';">the </font><font style="font-family: 'Times New Roman';">IFRS, </font><font style="font-family: 'Times New Roman';">which </font><font style="font-family: 'Times New Roman';">do</font><font style="font-family: 'Times New Roman';">es</font><font style="font-family: 'Times New Roman';"> not require the presentation of DVA.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">y</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">. </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">Statements of cash flows indirect method</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">&nbsp;</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The Company and its subsidiaries present the interest paid on loans</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">financing, </font><font style="font-family: 'Times New Roman';">debentures</font><font style="font-family: 'Times New Roman';">, and leases payable</font><font style="font-family: 'Times New Roman';"> in financing activities</font><font style="font-family: 'Times New Roman';"> and present </font><font style="font-family: 'Times New Roman';">financial investments</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> net of </font><font style="font-family: 'Times New Roman';">redemptions</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">in </font><font style="font-family: 'Times New Roman';">the </font><font style="font-family: 'Times New Roman';">invest</font><font style="font-family: 'Times New Roman';">ing </font><font style="font-family: 'Times New Roman';">activities</font><font style="font-family: 'Times New Roman';">.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">z</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">. </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">Adoption of the pronouncements issued by CPC and IASB</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">There are not standards, amendments and interpretations to IFRS issued by the IASB which are effective and could have impact in </font><font style="font-family: 'Times New Roman';">th</font><font style="font-family: 'Times New Roman';">ese</font><font style="font-family: 'Times New Roman';"> financial </font><font style="font-family: 'Times New Roman';">statements</font><font style="font-family: 'Times New Roman';"> to </font><font style="font-family: 'Times New Roman';">December</font><font style="font-family: 'Times New Roman';"> 3</font><font style="font-family: 'Times New Roman';">1</font><font style="font-family: 'Times New Roman';">, </font><font style="font-family: 'Times New Roman';">2021</font><font style="font-family: 'Times New Roman';"> that have not been adopted by the Company.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">In order to be prepared for the transition of the IBORs</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> the Company is monitoring the pronouncements of the authorities, as well as the measures that have been adopted, aiming at the adaptation of the financial instruments to the new benchmarks. </font><font style="font-family: 'Times New Roman';">On</font><font style="font-family: 'Times New Roman';"> June 2017, the Company, through the subsidiary IPP, contracted a </font><font style="font-family: 'Times New Roman';">financing</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">with maturity date</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">on</font><font style="font-family: 'Times New Roman';"> June 2022, with the current notional amount of USD 50 million linked to LIBOR, with quarterly interest flows and principal amortization at the end of the </font><font style="font-family: 'Times New Roman';">operatio</font><font style="font-family: 'Times New Roman';">n</font><font style="font-family: 'Times New Roman';">. At the time of </font><font style="font-family: 'Times New Roman';">debt raising</font><font style="font-family: 'Times New Roman';">, a swap transaction with a notional value and cash flow identical to that of </font><font style="font-family: 'Times New Roman';">raising</font><font style="font-family: 'Times New Roman';"> was closed with the same financial institution, through which the IPP became active in LIBOR, at an interest rate equivalent to the debt </font><font style="font-family: 'Times New Roman';">and liabilit</font><font style="font-family: 'Times New Roman';">y</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">rate in floating rate </font><font style="font-family: 'Times New Roman';">R</font><font style="font-family: 'Times New Roman';">eais (see </font><font style="font-family: 'Times New Roman';">N</font><font style="font-family: 'Times New Roman';">otes 17 c.1, 17.d</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">and</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">34.g), these being the only operations </font><font style="font-family: 'Times New Roman';">linked</font><font style="font-family: 'Times New Roman';"> to LIBOR. In view of the short-term maturity </font><font style="font-family: 'Times New Roman';">as well as</font><font style="font-family: 'Times New Roman';"> the debt</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> the swap and the fact that both have the same cash flow and financial institution, the Company understands that there are</font><font style="font-family: 'Times New Roman';"> not</font><font style="font-family: 'Times New Roman';"> currently impacts from the LIBOR change on its operations.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">aa</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">. </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">Authorization for issuance of the financial </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">statements</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">These financial </font><font style="font-family: 'Times New Roman';">statements</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">w</font><font style="font-family: 'Times New Roman';">ere</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">authorized for issu</font><font style="font-family: 'Times New Roman';">anc</font><font style="font-family: 'Times New Roman';">e by the Board of</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">D</font><font style="font-family: 'Times New Roman';">irectors on</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">February</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">2</font><font style="font-family: 'Times New Roman';">3</font><font style="font-family: 'Times New Roman';">, </font><font style="font-family: 'Times New Roman';">202</font><font style="font-family: 'Times New Roman';">2</font><font style="font-family: 'Times New Roman';">.</font></font></p>
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<div style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff;">
<p style="margin: 2pt 0px 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
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<div style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff;">
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<p style="margin: 0pt 0px; text-align: justify; font-size: 5pt;"><font style="font-family: 'Times New Roman'; font-size: 5pt;">&nbsp;</font></p>
<div style="margin: 0pt 0px; text-align: justify; font-size: 11pt;"><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">Notes to the Parent</font><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">&#8217;s Separate</font><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';"><font>&nbsp;</font>and Consolidated Financial<font>&nbsp;</font></font><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">Statements</font></div>
<p style="margin: 0pt 0px; text-align: justify; font-size: 5pt;"><font style="font-family: 'Times New Roman'; font-size: 5pt;">&nbsp;</font></p>
<p style="margin: 0pt 0px; text-align: justify; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-size: 10pt;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
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<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;"><br></font></font></p>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff; text-align: justify;"><font style="font-size: 10pt; font-weight: bold;">3. Assets and liabilities from subsidiaries held for sale and discontinued operations</font><br></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The divestments of Oxiteno and Extrafarma are aligned with </font><font style="font-family: 'Times New Roman';">Ultrapar&#8217;s </font><font style="font-family: 'Times New Roman';">portfolio review. With a more complementary and synergistic </font><font style="font-family: 'Times New Roman';">businesses</font><font style="font-family: 'Times New Roman';">, Ultrapar concludes the</font><font style="font-family: 'Times New Roman';"> rationalization</font><font style="font-family: 'Times New Roman';"> phase of its portfolio and will now concentrate on developing investment opportunities in the verticals of energy and infrastructure, with increasing focus on energy transition, leveraged by its portfolio and expertise. </font><font style="font-family: 'Times New Roman';">In the context, the Company announced the&nbsp;<font style="font-size: 10pt; font-family: 'Times New Roman', serif;">contracts signings</font> described below </font><font style="font-family: 'Times New Roman';">and, as of December 31, 2021,</font><font style="font-family: 'Times New Roman';"> considering the </font><font style="font-family: 'Times New Roman';">evolution</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">and progress of the sales processes</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">classified these transactions as assets and liabilities held for sale and discontinued operations.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold;">a. Extrafarma share sale and purchase agreement and other agreements</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">On May 18, 2021 the Company announced the signing of a share purchase agreement for the sale of all shares of Extrafarma </font><font style="font-family: 'Times New Roman';">held by subsidiary IPP </font><font style="font-family: 'Times New Roman';">to </font><font style="font-family: 'Times New Roman';">Empreendimentos </font><font style="font-family: 'Times New Roman';">Pague Menos</font><font style="font-family: 'Times New Roman';"> S.A. (&#8220;Pague Menos&#8221;)</font><font style="font-family: 'Times New Roman';">. The total sale price is R$ 700 million, subject to adjustments due mainly to changes in working capital and Extrafarma's net debt position on the closing date of the transaction.</font></font></p>
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The payment of the transaction will be in three installments: 50% on the closing date and 25% on each the first and the second anniversary of the closing date</font><font style="font-family: 'Times New Roman';">, </font><font style="font-family: 'Times New Roman';">monetarily updated by the CDI rate + 0.5% p.a.,</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">with a</font><font style="font-family: 'Times New Roman';"> guarantee will be provided by a shareholder of the Pague Menos for the last two installments. The completion of this transaction is subject to usual conditions precedent in such deals, including approval by the Brazilian antitrust authority and by the general shareholders&#8217; meeting of Pague Menos, pursuant to the terms of article 256 of the Brazilian Corporate Law, which was already held by the purchasing company. Furthermore, preemptive rights were granted to Company's shareholders who wished to acquire Extrafarma's shares, proportionally to their respective participation in the Company's share capital and for the same price per share to be paid by Pague Menos, pursuant to article 253 of the Brazilian Corporate Law. The shareholders of the Company that exercised such right will become direct shareholders of Extrafarma after closing of the transaction. The company realized a general shareholders&#8217; meeting on June 25, 2021 in which was formalized the offering of the aforementioned preemptive rights, detailing the procedures for its exercise, as applicable. The exercise period ended on July 29, 2021 and the total exercised was less than 1% of the Company's capital.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">On February 11, 2022, the Administrative Council for Economic Defense ("CADE") issued an order declaring the Concentration Act no. 08700.005053/2021-74 regarding the acquisition of Extrafarma by Pague Menos. This declaration of complexity is a regular </font><font style="font-family: 'Times New Roman';">phase</font><font style="font-family: 'Times New Roman';"> within the ordinary rite for</font><font style="font-family: 'Times New Roman';"> concentration acts whose analysis by CADE needs further investigation</font><font style="font-family: 'Times New Roman';">. The companies continue to work with CADE in a transparent manner to provide all necessary clarifications.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Extrafarma and Pague Menos will maintain their regular course of business, </font><font style="font-family: 'Times New Roman';">on an independent manner,</font><font style="font-family: 'Times New Roman';"> until the closing date of the transaction.</font></font></p>
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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>29</font></font></td>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
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<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"><br></font></p>
<div style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff;">
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<div style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff;">
<p style="margin: 2pt 0px 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
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<div style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff;">
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<p style="margin: 0pt 0px; text-align: justify; font-size: 5pt;"><font style="font-family: 'Times New Roman'; font-size: 5pt;">&nbsp;</font></p>
<div style="margin: 0pt 0px; text-align: justify; font-size: 11pt;"><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">Notes to the Parent</font><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">&#8217;s Separate</font><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';"><font>&nbsp;</font>and Consolidated Financial<font>&nbsp;</font></font><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">Statements</font></div>
<p style="margin: 0pt 0px; text-align: justify; font-size: 5pt;"><font style="font-family: 'Times New Roman'; font-size: 5pt;">&nbsp;</font></p>
<p style="margin: 0pt 0px; text-align: justify; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-size: 10pt;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
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</div>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;"><br></font></font></p>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">On </font><font style="font-family: 'Times New Roman';">December</font><font style="font-family: 'Times New Roman';"> 3</font><font style="font-family: 'Times New Roman';">1</font><font style="font-family: 'Times New Roman';">, 2021, the Company realized the calculation of impairment test of assets taking into account the amount of transaction and recognized a reduction in the amount of the subsidiary's assets in the amount of R$ </font><font style="font-family: 'Times New Roman';">282</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">169</font><font style="font-family: 'Times New Roman';">, net of the effects of deferred income and social contribution taxes, as allocated below:</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 11pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%;" width="100%">

<tr style="height: 11.35pt;">
<td style="vertical-align: bottom; width: 85%;">
<p style="margin: 2pt 0pt 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; width: 15%;">
<p style="margin: 2pt 0pt 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Amount</font></p>
</td>
</tr>
<tr style="height: 11.35pt; background-color: #cceeff;">
<td style="vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;&nbsp;&nbsp;&nbsp; Goodwill</font></p>
</td>
<td style="vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">68,273</font></p>
</td>
</tr>
<tr style="height: 11.35pt;">
<td style="vertical-align: bottom;">
<p style="margin: 2pt 0pt 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;&nbsp;&nbsp;&nbsp; Residual surplus value of fixed assets</font></p>
</td>
<td style="vertical-align: bottom;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">160</font></p>
</td>
</tr>
<tr style="height: 11.35pt; background-color: #cceeff;">
<td style="vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;&nbsp;&nbsp;&nbsp; Intangibles assets arising from business combination</font></p>
</td>
<td style="vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">76,</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">136</font></p>
</td>
</tr>
<tr style="height: 11.35pt;">
<td style="vertical-align: bottom;">
<p style="margin: 2pt 0pt 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;&nbsp;&nbsp;&nbsp; Property, plant, and equipment</font></p>
</td>
<td style="vertical-align: bottom;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">6</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">0,548</font></p>
</td>
</tr>
<tr style="height: 11.35pt; background-color: #cceeff;">
<td style="vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;&nbsp;&nbsp;&nbsp; Right-of-use assets</font></p>
</td>
<td style="vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">38,957</font></p>
</td>
</tr>
<tr style="height: 11.35pt;">
<td style="vertical-align: bottom;">
<p style="margin: 2pt 0pt 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;&nbsp;&nbsp;&nbsp; Taxes to recover</font></p>
</td>
<td style="vertical-align: bottom; border-bottom: 1px solid #000000;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">83,455</font></p>
</td>
</tr>
<tr style="height: 11.35pt; background-color: #cceeff;">
<td style="vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Impairment</font></p>
</td>
<td style="vertical-align: bottom; background-color: #cceeff; border-top: 0.5pt solid #000000 !important; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">427,529</font></p>
</td>
</tr>
<tr style="height: 11.35pt;">
<td style="vertical-align: bottom;">
<p style="margin: 2pt 0pt 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;&nbsp;&nbsp;&nbsp; Deferred income and social contribution taxes</font></p>
</td>
<td style="vertical-align: bottom; border-bottom: 1px solid #000000;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">145,360</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">)</font></p>
</td>
</tr>
<tr style="height: 11.35pt; background-color: #cceeff;">
<td style="vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Net </font><font style="font-family: 'Times New Roman'; font-size: 10pt;">impairment</font></p>
</td>
<td style="vertical-align: bottom; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">282,169</font></p>
</td>
</tr>

</table>
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 11pt;">&nbsp;</font></p>
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold;">b. Oxiteno S.A. share purchase and sale agreement</font></p>
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">On August 16, 2021, the Company announced the sign</font><font style="font-family: 'Times New Roman';">ing</font><font style="font-family: 'Times New Roman';"> of a</font><font style="font-family: 'Times New Roman';"> share purchase </font><font style="font-family: 'Times New Roman';">agreement for the sale of </font><font style="font-family: 'Times New Roman';">all shares of </font><font style="font-family: 'Times New Roman';">Oxiteno S.A. &#8211; Ind&#250;stria e Com&#233;rcio (&#8220;</font><font style="font-family: 'Times New Roman';">Oxiteno S.A.</font><font style="font-family: 'Times New Roman';">&#8221;)</font><font style="font-family: 'Times New Roman';"> to Indorama </font><font style="font-family: 'Times New Roman';">Ventures PLC (&#8220;Indorama&#8221;)</font><font style="font-family: 'Times New Roman';">. The total sale </font><font style="font-family: 'Times New Roman';">price</font><font style="font-family: 'Times New Roman';">&nbsp; was US$ 1,300 million, of which US$ 1,150 million </font><font style="font-family: 'Times New Roman';">will be paid </font><font style="font-family: 'Times New Roman';">at closing of the transaction, subject to </font><font style="font-family: 'Times New Roman';">customary</font><font style="font-family: 'Times New Roman';"> adjustments, such as changes in working capital and net debt position, and US$ 150 million</font><font style="font-family: 'Times New Roman';"> will be paid</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">in</font><font style="font-family: 'Times New Roman';"> the second anniversary after closing.</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">Oxiteno S.A. is controlled by the Company, which holds a 100% interest in the Company.</font></font></p>
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">The Company's shareholders were offered, under the terms and for the purposes of article 253, items I and II, of the Brazilian Corporation Law, a period of 30 days to exercise the preemptive right to subscribe to new shares issued by Oxiteno and to acquire of shares sold by Ultrapar. No shareholder exercised said right.</font></p>
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Oxiteno S.A. will maintain its regular and independent course of business until the closing of the transaction. The transaction is subject to prior approval by the competition authorities of Brazil, the United States, Mexico and Colombia, in addition to the fulfillment of other conditions precedent to the business, as set out in the sales </font><font style="font-family: 'Times New Roman';">agreement</font><font style="font-family: 'Times New Roman';">. On September 28, 2021, the transaction was approved by the Superintendencia de Industria y Comercio of Colombia, on October 15, 2021, by the Federal Trade Commission &#8211; USA ("FTC")</font><font style="font-family: 'Times New Roman';"> and on January 13, 2022</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">by the </font><font style="font-family: 'Times New Roman';">Comisi&#243;n Federal de Competencia Econ&#243;mica do M&#233;xico (&#8220;COFECE&#8221;)</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">without restrictions. </font><font style="font-family: 'Times New Roman';">Approval in Brazil by the </font><font style="font-family: 'Times New Roman';">Administrative Council for Economic Defense (&#8220;CADE&#8221;) remain</font><font style="font-family: 'Times New Roman';">s</font><font style="font-family: 'Times New Roman';"> pending.</font></font></p>
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><br></p>
</div>
</div>
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><br></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>30</font></font></td>
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</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"><br></font></p>
<div style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff;">
<div style="width: 8.5in; margin: 0 auto;">
<div style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff;">
<p style="margin: 2pt 0px 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
</div>
<div style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff;">
<div style="clear: both;">
<p style="margin: 0pt 0px; text-align: justify; font-size: 5pt;"><font style="font-family: 'Times New Roman'; font-size: 5pt;">&nbsp;</font></p>
<div style="margin: 0pt 0px; text-align: justify; font-size: 11pt;"><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">Notes to the Parent</font><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">&#8217;s Separate</font><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';"><font>&nbsp;</font>and Consolidated Financial<font>&nbsp;</font></font><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">Statements</font></div>
<p style="margin: 0pt 0px; text-align: justify; font-size: 5pt;"><font style="font-family: 'Times New Roman'; font-size: 5pt;">&nbsp;</font></p>
<p style="margin: 0pt 0px; text-align: justify; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-size: 10pt;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
</div>
</div>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;"><br></font></font></p>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">c. </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">Disclosure of</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;"> the </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">impacts</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;"> of IFRS 5 (CPC 31) &#8211; </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">Assets and liabilities</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;"> held for sale and d</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">iscontinued operations</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The tables of assets </font><font style="font-family: 'Times New Roman';">and liabilities </font><font style="font-family: 'Times New Roman';">held for sale </font><font style="font-family: 'Times New Roman';">and discontinued operation</font><font style="font-family: 'Times New Roman';"> are detailed below </font><font style="font-family: 'Times New Roman';">and </font><font style="font-family: 'Times New Roman';">include the </font><font style="font-family: 'Times New Roman';">financial</font><font style="font-family: 'Times New Roman';"> position and </font><font style="font-family: 'Times New Roman';">profit or loss</font><font style="font-family: 'Times New Roman';"> incurred throughout 2021 and 2020, when applicable. Eliminations refer to intercompany transactions, substantially represented by purchase and sale transactions, effects on the </font><font style="font-family: 'Times New Roman';">profit or loss</font><font style="font-family: 'Times New Roman';"> of foreign debts contemplating hedging instruments, </font><font style="font-family: 'Times New Roman';">investments in </font><font style="font-family: 'Times New Roman';">associate</font><font style="font-family: 'Times New Roman';">s</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">that are not part of the sales transaction</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">among others.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">c.1</font><font style="font-family: 'Times New Roman';"> The main classes of assets and liabilities classified as held for sale on December 31, 2021 are shown below:</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 11pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%;" width="100%">

<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 2pt 0pt 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Assets</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000;">
<p style="margin: 2pt 0pt 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Oxiteno</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 2pt 0pt 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000;">
<p style="margin: 2pt 0pt 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Extrafarma</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 2pt 0pt 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000;">
<p style="margin: 2pt 0pt 0pt; text-align: center;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Elimin</font><font style="font-family: 'Times New Roman'; font-weight: bold;">ations</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 2pt 0pt 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000;">
<p style="margin: 2pt 0pt 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Total</font></p>
</td>
</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 53%; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Current assets</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 11%; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1%; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 11%; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1%; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 11%; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1%; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; width: 11%; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 2pt 0pt 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Cash and cash equivalents</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">334</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">882</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';"> 53</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">099</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';"> 387</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">981</font></font></p>
</td>
</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Financial investments and hedging instruments</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">1</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">346</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">552</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';"> 1</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">346</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">552</font></font></p>
</td>
</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 2pt 0pt 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Trade receivables</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">993</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">960</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';"> 35</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">743</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';"> 1</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">029</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">703</font></font></p>
</td>
</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Inventories</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';"> 1</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">671</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">662</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';"> 578</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">206</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';"> 2</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">249</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">868</font></font></p>
</td>
</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 2pt 0pt 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Recoverable taxes</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';"> 634</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">718</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';"> 62</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">053</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';"> 696</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">771</font></font></p>
</td>
</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Other assets</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 1px solid #000000; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">51</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">829</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 1px solid #000000; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">2</font><font style="font-family: 'Times New Roman';">6</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">145</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 1px solid #000000; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">(5</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">035)</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 1px solid #000000; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">72</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">939</font></font></p>
</td>
</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 2pt 0pt 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Total current assets</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 1px solid #000000;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';"> 5</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">033</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">603</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 1px solid #000000;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';"> 755</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">246</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 1px solid #000000;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';"> (5</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">035)</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 1px solid #000000;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';"> 5</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">783</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">814</font></font></p>
</td>
</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Non-current assets</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 2pt 0pt 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Financial investments and hedging instruments</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">492</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">430</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';"> 492</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">430</font></font></p>
</td>
</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Related parties</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';"> 1</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">674</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';"> (1</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">674)</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 2pt 0pt 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Deferred income and social contribution taxes</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">541</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">756</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';"> 200</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">194</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';"> 741</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">950</font></font></p>
</td>
</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Recoverable taxes</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';"> 393</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">723</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';"> 17</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">938</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';"> 411</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">661</font></font></p>
</td>
</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 2pt 0pt 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Other assets</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 1px solid #000000;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">10</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">538</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 1px solid #000000;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">4</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">136</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 1px solid #000000;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 1px solid #000000;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">14</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">674</font></font></p>
</td>
</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 1px solid #000000; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">1</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">438</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">447</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 1px solid #000000; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';"> 223</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">942</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 1px solid #000000; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';"> (1</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">674)</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 1px solid #000000; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';"> 1</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">660</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">715</font></font></p>
</td>
</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 2pt 0pt 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Investments</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';"> 36</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">207</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';"> 5</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">000</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';"> (22</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">047)</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';"> 19</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">160</font></font></p>
</td>
</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Right-of-use assets, net</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">31</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">871</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';"> 318</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">183</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';"> 350</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">054</font></font></p>
</td>
</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 2pt 0pt 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Property, plant, and equipment</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">2</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">787</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">241</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">154</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">663</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">2</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">941</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">904</font></font></p>
</td>
</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Intangible assets</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 1px solid #000000; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">160</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">141</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 1px solid #000000; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">85</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">129</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 1px solid #000000; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 1px solid #000000; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">245</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">270</font></font></p>
</td>
</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 2pt 0pt 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Total non-current assets</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 1px solid #000000;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">4</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">453</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">907</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 1px solid #000000;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';"> 786</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">917</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 1px solid #000000;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';"> (23</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">721)</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 1px solid #000000;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';"> 5</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">217</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">103</font></font></p>
</td>
</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Total</font><font style="font-family: 'Times New Roman';"> assets held for sale</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">9</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">487</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">510</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';"> 1</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">542</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">163</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';"> (28</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">756)</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';"> 11</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">000</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">917</font></font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><br></p>
</div>
</div>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>31</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"><br></font></p>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff; text-align: justify; line-height: 1.1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar<font style="line-height: inherit;">&nbsp;</font>Participa&#231;&#245;es<font style="line-height: inherit;">&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff; text-align: justify; line-height: 1.1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff; text-align: justify; line-height: 1.1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;"><font style="line-height: inherit;">&nbsp;</font>and Consolidated Financial<font style="line-height: inherit;">&nbsp;</font></font><font style="font-family: 'Times New Roman'; line-height: inherit;">Statements</font></font></p>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff; text-align: justify; line-height: 1.1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff; text-align: justify; line-height: 1.1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(In thousands of Brazilian<font style="line-height: inherit;">&nbsp;</font>Reais, unless otherwise stated)</font></p>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff; text-align: justify; line-height: 1.1;"><br></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 432px; width: 100%;" width="100%">

<tr style="height: 20px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 46.84%; height: 20px; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Liabilities</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 12.08%; border-bottom: 1px solid #000000; height: 20px;">
<p style="margin: 2pt 0pt 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 7.5pt; font-weight: bold;">Oxiteno</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1.68%; height: 20px; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 7.5pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 12.02%; border-bottom: 1px solid #000000; height: 20px;">
<p style="margin: 2pt 0pt 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Extrafarma</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1.68%; height: 20px; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 7.5pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 12.02%; border-bottom: 1px solid #000000; height: 20px;">
<p style="margin: 2pt 0pt 0pt; text-align: center;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Elim</font><font style="font-family: 'Times New Roman'; font-weight: bold;">inations</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1.68%; height: 20px; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 7.5pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 12.02%; border-bottom: 1px solid #000000; height: 20px;">
<p style="margin: 2pt 0pt 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Total</font></p>
</td>
</tr>
<tr style="height: 19px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 46.84%; height: 19px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Current liabilities</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 12.08%; height: 19px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1.68%; height: 19px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 12.02%; height: 19px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1.68%; height: 19px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 12.02%; height: 19px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1.68%; height: 19px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 12.02%; height: 19px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 46.84%; height: 10px;">
<p style="margin: 2pt 0pt 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Loans, financing and hedge derivative financial instruments</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 12.08%; height: 10px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">302</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">154</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.68%; height: 10px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 12.02%; height: 10px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.68%; height: 10px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 12.02%; height: 10px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">(62</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">841)</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.68%; height: 10px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 12.02%; height: 10px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">239</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">313</font></font></p>
</td>
</tr>
<tr style="height: 19px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 46.84%; height: 19px; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Trade payables</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 12.08%; height: 19px; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">493,800</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.68%; height: 19px; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 12.02%; height: 19px; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">225</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">487</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.68%; height: 19px; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 12.02%; height: 19px; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">(1</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">949)</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.68%; height: 19px; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 12.02%; height: 19px; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">7</font><font style="font-family: 'Times New Roman';">17,338</font></font></p>
</td>
</tr>
<tr style="height: 19px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 46.84%; height: 19px;">
<p style="margin: 2pt 0pt 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Trade payables &#8211; reverse factoring</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 12.08%; height: 19px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">725,246</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.68%; height: 19px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 12.02%; height: 19px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.68%; height: 19px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 12.02%; height: 19px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.68%; height: 19px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 12.02%; height: 19px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">725,246</font></p>
</td>
</tr>
<tr style="height: 19px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 46.84%; height: 19px; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Salaries and related charges</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 12.08%; height: 19px; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">176,941</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.68%; height: 19px; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 12.02%; height: 19px; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">45,843</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.68%; height: 19px; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 12.02%; height: 19px; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.68%; height: 19px; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 12.02%; height: 19px; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">222,784</font></p>
</td>
</tr>
<tr style="height: 19px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 46.84%; height: 19px;">
<p style="margin: 2pt 0pt 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Taxes payables</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 12.08%; height: 19px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">53,988</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.68%; height: 19px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 12.02%; height: 19px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">15,696</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.68%; height: 19px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 12.02%; height: 19px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.68%; height: 19px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 12.02%; height: 19px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">69,684</font></p>
</td>
</tr>
<tr style="height: 19px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 46.84%; height: 19px; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Income and social contribution taxes payable</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 12.08%; height: 19px; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">12</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">415</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.68%; height: 19px; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 12.02%; height: 19px; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.68%; height: 19px; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 12.02%; height: 19px; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.68%; height: 19px; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 12.02%; height: 19px; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">12</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">415</font></font></p>
</td>
</tr>
<tr style="height: 19px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 46.84%; height: 19px;">
<p style="margin: 2pt 0pt 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Post-employment benefits</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 12.08%; height: 19px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">3</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">311</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.68%; height: 19px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 12.02%; height: 19px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.68%; height: 19px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 12.02%; height: 19px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.68%; height: 19px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 12.02%; height: 19px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">3</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">311</font></font></p>
</td>
</tr>
<tr style="height: 19px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 46.84%; height: 19px; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Provision for tax, civil, and labor risks</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 12.08%; height: 19px; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">2</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">946</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.68%; height: 19px; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 12.02%; height: 19px; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">520</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.68%; height: 19px; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 12.02%; height: 19px; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.68%; height: 19px; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 12.02%; height: 19px; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">3</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">466</font></font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 46.84%; height: 10px;">
<p style="margin: 2pt 0pt 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Leases payable</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 12.08%; height: 10px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">11</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">702</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.68%; height: 10px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 12.02%; height: 10px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">64</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">312</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.68%; height: 10px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 12.02%; height: 10px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.68%; height: 10px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 12.02%; height: 10px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">76</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">014</font></font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; width: 46.84%; height: 10px; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Other liabilities</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 12.08%; border-bottom: 1px solid #000000; height: 10px; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">68,721</font><font style="font-family: 'Times New Roman';"> </font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.68%; height: 10px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 12.02%; border-bottom: 1px solid #000000; height: 10px; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">13,249</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.68%; height: 10px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 12.02%; height: 10px; border-bottom: 1px solid #000000; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">(13</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">264)</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.68%; height: 10px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 12.02%; height: 10px; border-bottom: 1px solid #000000; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">68,706</font></p>
</td>
</tr>
<tr style="height: 19px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 46.84%; height: 19px;">
<p style="margin: 2pt 0pt 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Total current liabilities</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 12.08%; height: 19px; border-bottom: 1px solid #000000;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">1</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">851</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">224</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.68%; height: 19px; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 12.02%; height: 19px; border-bottom: 1px solid #000000;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">365</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">107</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.68%; height: 19px; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 12.02%; height: 19px; border-bottom: 1px solid #000000;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">(78</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">054)</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.68%; height: 19px; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 12.02%; height: 19px; border-bottom: 1px solid #000000;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">2</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">138</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">277</font></font></p>
</td>
</tr>
<tr style="height: 19px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 46.84%; height: 19px; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Non-current liabilities</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 12.08%; height: 19px; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.68%; height: 19px; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 12.02%; height: 19px; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.68%; height: 19px; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 12.02%; height: 19px; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.68%; height: 19px; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 12.02%; height: 19px; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 19px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 46.84%; height: 19px;">
<p style="margin: 2pt 0pt 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Loans, financing and hedge derivative financial instruments</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 12.08%; height: 19px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">5</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">728</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">028</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.68%; height: 19px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 12.02%; height: 19px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.68%; height: 19px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 12.02%; height: 19px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">(5</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">725</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">594)</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.68%; height: 19px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 12.02%; height: 19px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">2</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">434</font></font></p>
</td>
</tr>
<tr style="height: 19px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 46.84%; height: 19px; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Related parties</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 12.08%; height: 19px; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">2</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">875</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.68%; height: 19px; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 12.02%; height: 19px; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.68%; height: 19px; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 12.02%; height: 19px; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">(2</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">875)</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.68%; height: 19px; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 12.02%; height: 19px; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
</tr>
<tr style="height: 19px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 46.84%; height: 19px;">
<p style="margin: 2pt 0pt 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Deferred income and social contribution taxes</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 12.08%; height: 19px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">12</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">964</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.68%; height: 19px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 12.02%; height: 19px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.68%; height: 19px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 12.02%; height: 19px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.68%; height: 19px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 12.02%; height: 19px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">12</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">964</font></font></p>
</td>
</tr>
<tr style="height: 19px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 46.84%; height: 19px; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Post-employment benefits</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 12.08%; height: 19px; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">6</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">806 </font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.68%; height: 19px; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 12.02%; height: 19px; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">287</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.68%; height: 19px; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 12.02%; height: 19px; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.68%; height: 19px; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 12.02%; height: 19px; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">7</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">093</font></font></p>
</td>
</tr>
<tr style="height: 19px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 46.84%; height: 19px;">
<p style="margin: 2pt 0pt 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Provision for tax, civil, and labor risks</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 12.08%; height: 19px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">33</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">149</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.68%; height: 19px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 12.02%; height: 19px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">2</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">370</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.68%; height: 19px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 12.02%; height: 19px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.68%; height: 19px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 12.02%; height: 19px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">35</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">519</font></font></p>
</td>
</tr>
<tr style="height: 19px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 46.84%; height: 19px; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Leases payable</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 12.08%; height: 19px; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">22</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">786</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.68%; height: 19px; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 12.02%; height: 19px; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">314</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">915</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.68%; height: 19px; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 12.02%; height: 19px; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.68%; height: 19px; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 12.02%; height: 19px; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">337</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">701</font></font></p>
</td>
</tr>
<tr style="height: 19px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 46.84%; height: 19px;">
<p style="margin: 2pt 0pt 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Other liabilities</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 12.08%; height: 19px; border-bottom: 1pt solid #000000;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">5</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">341</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.68%; height: 19px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 12.02%; height: 19px; border-bottom: 1pt solid #000000;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">2</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">092</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.68%; height: 19px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 12.02%; height: 19px; border-bottom: 1pt solid #000000;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.68%; height: 19px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 12.02%; height: 19px; border-bottom: 1pt solid #000000;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">7</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">433</font></font></p>
</td>
</tr>
<tr style="height: 19px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 46.84%; height: 19px; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Total non-current liabilities</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 12.08%; height: 19px; border-bottom: 1px solid #000000; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">5</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">811</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">949</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.68%; height: 19px; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 12.02%; height: 19px; border-bottom: 1px solid #000000; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">319</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">664</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.68%; height: 19px; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 12.02%; height: 19px; border-bottom: 1px solid #000000; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">(</font><font style="font-family: 'Times New Roman';">5,728,469</font><font style="font-family: 'Times New Roman';">)</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.68%; height: 19px; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 12.02%; height: 19px; border-bottom: 1px solid #000000; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">403</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">144</font></font></p>
</td>
</tr>
<tr style="height: 19px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; width: 46.84%; height: 19px;">
<p style="margin: 2pt 0pt 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Total equity</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 12.08%; height: 19px; border-bottom: 1px solid #000000;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">1</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">824</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">337</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.68%; height: 19px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 12.02%; height: 19px; border-bottom: 1px solid #000000;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">857</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">392</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.68%; height: 19px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 12.02%; height: 19px; border-bottom: 1px solid #000000;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2,681,729)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.68%; height: 19px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 12.02%; height: 19px; border-bottom: 1px solid #000000;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 21px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 46.84%; height: 21px; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Total liabilities held for sale and equity</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 12.08%; border-bottom: 2.8pt double #000000; height: 21px; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">9</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">487</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">510</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.68%; height: 21px; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 12.02%; border-bottom: 2.8pt double #000000; height: 21px; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">1</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">542</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">163</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.68%; height: 21px; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 12.02%; border-bottom: 2.8pt double #000000; height: 21px; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">(</font><font style="font-family: 'Times New Roman';">8,488,252</font><font style="font-family: 'Times New Roman';">)</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.68%; height: 21px; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 12.02%; border-bottom: 2.8pt double #000000; height: 21px; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,541,421</font></p>
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<p style="margin: 0pt; text-align: justify;"><br></p>
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<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>32</font></font></td>
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<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"><br></font></p>
<div style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff;">
<div style="width: 8.5in; margin: 0 auto;">
<div style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff;">
<p style="margin: 2pt 0px 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
</div>
<div style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff;">
<div style="clear: both;">
<p style="margin: 0pt 0px; text-align: justify; font-size: 5pt;"><font style="font-family: 'Times New Roman'; font-size: 5pt;">&nbsp;</font></p>
<div style="margin: 0pt 0px; text-align: justify; font-size: 11pt;"><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">Notes to the Parent</font><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">&#8217;s Separate</font><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';"><font>&nbsp;</font>and Consolidated Financial<font>&nbsp;</font></font><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">Statements</font></div>
<p style="margin: 0pt 0px; text-align: justify; font-size: 5pt;"><font style="font-family: 'Times New Roman'; font-size: 5pt;">&nbsp;</font></p>
<p style="margin: 0pt 0px; text-align: justify; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-size: 10pt;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
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<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff; text-align: justify;"><br></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">c.2</font><font style="font-family: 'Times New Roman';"> The results for the year and cash flows from discontinued operations as of December 31, 2021 are shown below:</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 11pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="height: 292px; border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%;" width="100%">

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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; width: 49%; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
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<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Oxiteno</font></p>
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; width: 1%; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
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<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Extrafarma</font></p>
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; width: 1%; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; width: 12%; border-bottom: 1px solid #000000;">
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Elimina</font><font style="font-family: 'Times New Roman'; font-weight: bold;">tions</font></font></p>
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; width: 1%; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; width: 12%; border-bottom: 1px solid #000000;">
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Total</font></p>
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Net revenue from sales and services</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">7</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">102</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">771</font></font></p>
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">1</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">986</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">932</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">(23</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">908)</font></font></p>
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">9</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">065</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">795</font></font></p>
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<tr style="height: 19px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Cost of products and services sold</font></p>
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; border-bottom: 1px solid #000000;">
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">(5</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">540</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">773)</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; border-bottom: 1px solid #000000;">
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">(1</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">384</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">316)</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; border-bottom: 1px solid #000000;">
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">23</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">908</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; border-bottom: 1px solid #000000;">
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">(6</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">901</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">181)</font></font></p>
</td>
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<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Gross profit</font></p>
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">1</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">561</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">998</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">602</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">616</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">2</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">164</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">614</font></font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Operating income (expenses)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
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<tr style="height: 19px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Selling marketing and administrative</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">(978</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">2</font><font style="font-family: 'Times New Roman';">2</font><font style="font-family: 'Times New Roman';">1)</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">(685</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">794)</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">(1</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">664</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">0</font><font style="font-family: 'Times New Roman';">1</font><font style="font-family: 'Times New Roman';">5)</font></font></p>
</td>
</tr>
<tr style="height: 19px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Impairment</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">(427</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">529)</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">(427</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">529)</font></font></p>
</td>
</tr>
<tr style="height: 19px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Other operating income, net</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; border-bottom: 1px solid #000000; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">2</font><font style="font-family: 'Times New Roman';">6</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">9</font><font style="font-family: 'Times New Roman';">2</font><font style="font-family: 'Times New Roman';">4</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; border-bottom: 1px solid #000000; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">(1</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">109)</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; border-bottom: 1px solid #000000; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; border-bottom: 1px solid #000000; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">25</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">8</font><font style="font-family: 'Times New Roman';">1</font><font style="font-family: 'Times New Roman';">5</font></font></p>
</td>
</tr>
<tr style="height: 19px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Operating income (loss) before finance income (expenses) and share of profit of associates</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; border-bottom: 1px solid #000000;">
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">610</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">701</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; border-bottom: 1px solid #000000;">
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">(511</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">816)</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; border-bottom: 1px solid #000000;">
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; border-bottom: 1px solid #000000;">
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">98</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">885</font></font></p>
</td>
</tr>
<tr style="height: 19px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Share of profit of associates</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; border-bottom: 1px solid #000000; border-top: 0.5pt solid #000000 !important; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">48</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; border-bottom: 1px solid #000000; border-top: 0.5pt solid #000000 !important; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; border-bottom: 1px solid #000000; border-top: 0.5pt solid #000000 !important; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; border-bottom: 1px solid #000000; border-top: 0.5pt solid #000000 !important; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">48</font></p>
</td>
</tr>
<tr style="height: 19px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Operating income (loss) before finance income (expenses) and income and social contribution taxes</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; border-top: 0.5pt solid #000000 !important; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">610</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">7</font><font style="font-family: 'Times New Roman';">49</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; border-top: 0.5pt solid #000000 !important; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">(511</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">816)</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; border-top: 0.5pt solid #000000 !important; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; border-top: 0.5pt solid #000000 !important; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">98</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">933</font></font></p>
</td>
</tr>
<tr style="height: 19px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Financial result, net</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; border-bottom: 1px solid #000000; border-top: 0.5pt solid #000000 !important; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">(431</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">441)</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; border-bottom: 1px solid #000000; border-top: 0.5pt solid #000000 !important; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">(45</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">265)</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; border-bottom: 1px solid #000000; border-top: 0.5pt solid #000000 !important; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">329</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">736</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; border-bottom: 1px solid #000000; border-top: 0.5pt solid #000000 !important; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">(146</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">970)</font></font></p>
</td>
</tr>
<tr style="height: 19px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px;">
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Profit (loss) before income and social contribution taxes</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; border-top: 0.5pt solid #000000 !important;">
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">179</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">308</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px;">
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; border-top: 0.5pt solid #000000 !important;">
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">(557</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">081)</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px;">
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; border-top: 0.5pt solid #000000 !important;">
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">329</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">7</font><font style="font-family: 'Times New Roman';">36</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px;">
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; border-top: 0.5pt solid #000000 !important;">
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">(48</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">037)</font></font></p>
</td>
</tr>
<tr style="height: 19px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Income and social contribution taxes</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; border-top: 0.5pt solid #000000 !important; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">69</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">995</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; border-top: 0.5pt solid #000000 !important; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">155</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">416</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; border-top: 0.5pt solid #000000 !important; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">(112</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">110)</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; border-top: 0.5pt solid #000000 !important; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">113</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">301</font></font></p>
</td>
</tr>
<tr style="height: 19px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px;">
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Profit (loss) for the </font><font style="font-family: 'Times New Roman'; font-weight: bold;">year</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px;">
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">249</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">303</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px;">
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px;">
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">(401</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">665)</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px;">
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px;">
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">217</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">6</font><font style="font-family: 'Times New Roman';">26</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px;">
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px;">
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">65</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">264</font></font></p>
</td>
</tr>
<tr style="height: 25px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 25px; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Deprecia</font><font style="font-family: 'Times New Roman'; font-weight: bold;">tion</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> </font><font style="font-family: 'Times New Roman'; font-weight: bold;">and</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> amortiza</font><font style="font-family: 'Times New Roman'; font-weight: bold;">tion </font><font style="font-family: 'Times New Roman'; font-weight: bold;">for the year</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> </font><sub><font style="font-family: 'Times New Roman'; font-weight: bold; vertical-align: super;">(i)</font></sub></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 25px; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">308</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">564</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 25px; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 25px; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">154</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">850</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 25px; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 25px; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 25px; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 25px; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">463</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">414</font></font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 11pt;">&nbsp;</font></p>
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-size: 8pt;"><sub><font style="font-family: 'Times New Roman'; vertical-align: super;">(i)</font></sub><font style="font-family: 'Times New Roman';"> Balances included for complete </font><font style="font-family: 'Times New Roman';">breakdown</font><font style="font-family: 'Times New Roman';"> of segment information.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 11pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 96px;" width="100%">

<tr style="height: 19px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 49%; border-bottom-width: 1px; height: 19px;">
<p style="margin: 2pt 0pt 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000; width: 12%; height: 19px;">
<p style="margin: 2pt 0pt 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Oxiteno</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1%; border-bottom-width: 1px; height: 19px;">
<p style="margin: 2pt 0pt 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000; width: 12%; height: 19px;">
<p style="margin: 2pt 0pt 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Extrafarma</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1%; border-bottom-width: 1px; height: 19px;">
<p style="margin: 2pt 0pt 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000; width: 12%; height: 19px;">
<p style="margin: 2pt 0pt 0pt; text-align: center;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Elimina</font><font style="font-family: 'Times New Roman'; font-weight: bold;">tions</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1%; border-bottom-width: 1px; height: 19px;">
<p style="margin: 2pt 0pt 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000; width: 12%; height: 19px;">
<p style="margin: 2pt 0pt 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Total</font></p>
</td>
</tr>
<tr style="height: 19px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; height: 19px;">
<p style="margin: 2pt 0pt 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Net cash provided by (used in) operating activities</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; height: 19px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">1</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">016</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">580</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; height: 19px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; height: 19px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">(33</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">273)</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; height: 19px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; height: 19px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(788)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; height: 19px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; height: 19px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">982</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">519</font></font></p>
</td>
</tr>
<tr style="height: 19px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px;">
<p style="margin: 2pt 0pt 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Net cash used in investing activities</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">(122</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">363)</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">(35</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">072)</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">(1,298</font><font style="font-family: 'Times New Roman';">)</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">(158,733</font><font style="font-family: 'Times New Roman';">)</font></font></p>
</td>
</tr>
<tr style="height: 19px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 19px;">
<p style="margin: 2pt 0pt 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Net cash provided by (used in) investing activities</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 19px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">(1</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">054</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">930)</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 19px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 19px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">35</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">286</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 19px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 19px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">466</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">677</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 19px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 19px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">(552</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">967)</font></font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 2pt 0pt 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Effect of exchange rate changes on cash and cash equivalents in foreign currency</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000; height: 10px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">56</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">553</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000; height: 10px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000; height: 10px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000; height: 10px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">56</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">553</font></font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 2pt 0pt 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">(Decrease) increase in cash and cash equivalents</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">(104</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">160)</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">(33</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">059)</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">464,591</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">327,372</font></font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 11pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">c.2.1</font><font style="font-family: 'Times New Roman';"> In the parent company, </font><font style="font-family: 'Times New Roman';">the </font><font style="font-family: 'Times New Roman';">s</font><font style="font-family: 'Times New Roman';">hare of profit (loss) of </font><font style="font-family: 'Times New Roman';">investees</font><font style="font-family: 'Times New Roman';"> Oxiteno and Extrafarma</font><font style="font-family: 'Times New Roman';">, net of related parties, </font><font style="font-family: 'Times New Roman';">were reclassified as discontinued operations </font><font style="font-family: 'Times New Roman';">in the total amount of R$ 65,264 </font><font style="font-family: 'Times New Roman';">in the statement of profit or loss for the year 2021</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> as per Note</font><font style="font-family: 'Times New Roman';">s</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">3.c.2 and </font><font style="font-family: 'Times New Roman';">13.a.</font></font></p>
</div>
</div>
<p style="margin: 0pt; text-align: justify;"><br></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>33</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"><br></font></p>
<div style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff;">
<div style="width: 8.5in; margin: 0 auto;">
<div style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff;">
<p style="margin: 2pt 0px 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
</div>
<div style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff;">
<div style="clear: both;">
<p style="margin: 0pt 0px; text-align: justify; font-size: 5pt;"><font style="font-family: 'Times New Roman'; font-size: 5pt;">&nbsp;</font></p>
<div style="margin: 0pt 0px; text-align: justify; font-size: 11pt;"><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">Notes to the Parent</font><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">&#8217;s Separate</font><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';"><font>&nbsp;</font>and Consolidated Financial<font>&nbsp;</font></font><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">Statements</font></div>
<p style="margin: 0pt 0px; text-align: justify; font-size: 5pt;"><font style="font-family: 'Times New Roman'; font-size: 5pt;">&nbsp;</font></p>
<p style="margin: 0pt 0px; text-align: justify; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-size: 10pt;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
</div>
</div>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff; text-align: justify;"><br></p>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">c.</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">3</font><font style="font-family: 'Times New Roman';"> The results for the year and cash flows from discontinued operations as of December 31, 202</font><font style="font-family: 'Times New Roman';">0</font><font style="font-family: 'Times New Roman';"> are shown below:</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 11pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 378px;" width="100%">

<tr style="height: 19px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px;">
<p style="margin: 2pt 0pt 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px;">
<p style="margin: 2pt 0pt 0pt; text-align: center;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">12/</font><font style="font-family: 'Times New Roman'; font-weight: bold;">31/</font><font style="font-family: 'Times New Roman'; font-weight: bold;">202</font><font style="font-family: 'Times New Roman'; font-weight: bold;">0</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px;">
<p style="margin: 2pt 0pt 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td colspan="7" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 2pt 0pt 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Discontinued operations</font></p>
</td>
<td style="vertical-align: top; height: 19px;">
<p style="margin: 2pt 0pt 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px;">
<p style="margin: 2pt 0pt 0pt; text-align: center;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">12/</font><font style="font-family: 'Times New Roman'; font-weight: bold;">31/</font><font style="font-family: 'Times New Roman'; font-weight: bold;">2020</font></font></p>
</td>
</tr>
<tr style="height: 19px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 35%; height: 19px;">
<p style="margin: 2pt 0pt 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; border-bottom: 1px solid #000000; height: 19px;">
<p style="margin: 2pt 0pt 0pt; text-align: center;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Di</font><font style="font-family: 'Times New Roman'; font-weight: bold;">sclosed</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1%; height: 19px;">
<p style="margin: 2pt 0pt 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; border-bottom: 1px solid #000000; height: 19px;">
<p style="margin: 2pt 0pt 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Oxiteno</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1%; height: 19px;">
<p style="margin: 2pt 0pt 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; border-bottom: 1px solid #000000; height: 19px;">
<p style="margin: 2pt 0pt 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Extrafarma</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1%; height: 19px;">
<p style="margin: 2pt 0pt 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; border-bottom: 1px solid #000000; height: 19px;">
<p style="margin: 2pt 0pt 0pt; text-align: center;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Elimina</font><font style="font-family: 'Times New Roman'; font-weight: bold;">tions</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1%; height: 19px;">
<p style="margin: 2pt 0pt 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="vertical-align: top; width: 10%; border-bottom: 1px solid #000000; height: 19px;">
<p style="margin: 2pt 0pt 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Total</font></p>
</td>
<td style="vertical-align: top; width: 1%; height: 19px;">
<p style="margin: 2pt 0pt 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; border-bottom: 1px solid #000000; height: 19px;">
<p style="margin: 2pt 0pt 0pt; text-align: center;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">R</font><font style="font-family: 'Times New Roman'; font-weight: bold;">estated</font></font></p>
</td>
</tr>
<tr style="height: 19px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Net revenue from sales and services</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">81</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">241</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">102</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">5</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">210</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">704</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">1</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">988</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">411</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">(16</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">069)</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 19px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">7</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">183</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">046</font></font></p>
</td>
<td style="vertical-align: bottom; height: 19px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">74</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">058</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">056</font></font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 2pt 0pt 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Cost of products and services sold</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000; height: 10px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">(75</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">628</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">214)</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000; height: 10px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">(4</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">188</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">711)</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000; height: 10px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">(1</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">399</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">125)</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000; height: 10px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">16</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">069</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; border-bottom: 1px solid #000000; height: 10px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">(5</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">571</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">767)</font></font></p>
</td>
<td style="vertical-align: bottom; height: 10px; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000; height: 10px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">(70</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">056</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">447)</font></font></p>
</td>
</tr>
<tr style="height: 19px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Gross profit</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">5</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">612</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">888</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">1</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">021</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">993</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">589</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">286</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 19px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">1</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">611</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">279</font></font></p>
</td>
<td style="vertical-align: bottom; height: 19px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">4</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">001</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">609</font></font></p>
</td>
</tr>
<tr style="height: 19px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px;">
<p style="margin: 2pt 0pt 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Operating income (expenses)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 19px; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 19px; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 19px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Selling marketing and administrative</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">(4</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">098</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">377</font><font style="font-family: 'Times New Roman';">)</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">(831</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">056)</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">(662</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">182)</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 19px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">(1</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">493</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">238)</font></font></p>
</td>
<td style="vertical-align: bottom; height: 19px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">(2</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">605</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">139)</font></font></p>
</td>
</tr>
<tr style="height: 20px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 20px;">
<p style="margin: 2pt 0pt 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Other operating income, net</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000; height: 20px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">297</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">544</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 20px; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000; height: 20px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">153</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">457</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 20px; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000; height: 20px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">(5</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">403)</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 20px; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000; height: 20px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 20px; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; border-bottom: 1px solid #000000; height: 20px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">148</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">054</font></font></p>
</td>
<td style="vertical-align: bottom; height: 20px; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000; height: 20px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">149</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">490</font></font></p>
</td>
</tr>
<tr style="height: 37px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 37px; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Operating income (loss) before finance income (expenses) and share of profit (loss) of subsidiaries, joint ventures and associates</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000; height: 37px; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">1</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">812</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">055</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 37px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000; height: 37px; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">344</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">394</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 37px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000; height: 37px; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">(78</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">299)</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 37px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000; height: 37px; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 37px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; border-bottom: 1px solid #000000; height: 37px; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">266</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">095</font></font></p>
</td>
<td style="vertical-align: bottom; height: 37px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 37px; border-bottom: 1px solid #000000; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">1</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">545</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">960</font></font></p>
</td>
</tr>
<tr style="height: 20px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 20px;">
<p style="margin: 2pt 0pt 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Share of profit (loss) of subsidiaries, joint ventures and associates</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 20px; border-bottom: 1px solid #000000; border-top: 0.5pt solid #000000 !important;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">(43</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">617)</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 20px; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 20px; border-bottom: 1px solid #000000; border-top: 0.5pt solid #000000 !important;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">414</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 20px; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 20px; border-bottom: 1px solid #000000; border-top: 0.5pt solid #000000 !important;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 20px; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 20px; border-bottom: 1px solid #000000; border-top: 0.5pt solid #000000 !important;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 20px; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 20px; border-bottom: 1px solid #000000; border-top: 0.5pt solid #000000 !important;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">414</font></p>
</td>
<td style="vertical-align: bottom; height: 20px; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 20px; border-bottom: 1px solid #000000; border-top: 0.5pt solid #000000 !important;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">(44</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">031)</font></font></p>
</td>
</tr>
<tr style="height: 37px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 37px; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Operating income (loss) before finance income (expenses) and income and social contribution taxes</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 37px; background-color: #cceeff; border-top: 0.5pt solid #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">1</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">768</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">438</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 37px; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 37px; background-color: #cceeff; border-top: 0.5pt solid #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">344</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">80</font><font style="font-family: 'Times New Roman';">8</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 37px; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 37px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">(78</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">299)</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 37px; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 37px; background-color: #cceeff; border-top: 0.5pt solid #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 37px; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 37px; background-color: #cceeff; border-top: 0.5pt solid #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">266</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">509</font></font></p>
</td>
<td style="vertical-align: bottom; height: 37px; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 37px; background-color: #cceeff; border-top: 0.5pt solid #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">1</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">501</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">929</font></font></p>
</td>
</tr>
<tr style="height: 19px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px;">
<p style="margin: 2pt 0pt 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Financial result, net</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; border-top: 0.5pt solid #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">(269</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">374)</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; border-top: 0.5pt solid #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">1</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">482</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">(38</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">938)</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; border-top: 0.5pt solid #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">318</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">430</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 19px; border-top: 0.5pt solid #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">280</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">974</font></font></p>
</td>
<td style="vertical-align: bottom; height: 19px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; border-top: 0.5pt solid #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">(550</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">348)</font></font></p>
</td>
</tr>
<tr style="height: 19px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Profit (loss) before income and social contribution taxes</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; background-color: #cceeff; border-bottom: 1px solid #000000; border-top: 0.5pt solid #000000 !important;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">1</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">499</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">064</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; background-color: #cceeff; border-bottom: 1px solid #000000; border-top: 0.5pt solid #000000 !important;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">346</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">2</font><font style="font-family: 'Times New Roman';">90</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; background-color: #cceeff; border-bottom: 1px solid #000000; border-top: 0.5pt solid #000000 !important;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">(117</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">237)</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; background-color: #cceeff; border-bottom: 1px solid #000000; border-top: 0.5pt solid #000000 !important;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">318</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">4</font><font style="font-family: 'Times New Roman';">30</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 19px; background-color: #cceeff; border-bottom: 1px solid #000000; border-top: 0.5pt solid #000000 !important;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">547</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">483</font></font></p>
</td>
<td style="vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; background-color: #cceeff; border-bottom: 1px solid #000000; border-top: 0.5pt solid #000000 !important;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">951</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">581</font></font></p>
</td>
</tr>
<tr style="height: 19px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px;">
<p style="margin: 2pt 0pt 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Income and social contribution taxes</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">(571</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">367)</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">(118</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">13</font><font style="font-family: 'Times New Roman';">2</font><font style="font-family: 'Times New Roman';">)</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">(40</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">453)</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">(108</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">26</font><font style="font-family: 'Times New Roman';">5</font><font style="font-family: 'Times New Roman';">)</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 19px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">(266</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">850)</font></font></p>
</td>
<td style="vertical-align: bottom; height: 19px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">(304</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">517)</font></font></p>
</td>
</tr>
<tr style="height: 19px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Net income from continuing operations</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">647</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">064</font></font></p>
</td>
</tr>
<tr style="height: 19px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px;">
<p style="margin: 2pt 0pt 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Net income from discontinued operations</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 19px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">280</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">633</font></font></p>
</td>
<td style="vertical-align: bottom; height: 19px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">280</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">633</font></font></p>
</td>
</tr>
<tr style="height: 19px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Profit (loss) for the year</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">927</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">697</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">228</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">1</font><font style="font-family: 'Times New Roman';">58</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">(157</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">690)</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">210</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">16</font><font style="font-family: 'Times New Roman';">5</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">280</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">633</font></font></p>
</td>
<td style="vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">927</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">697</font></font></p>
</td>
</tr>
<tr style="height: 26px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 26px;">
<p style="margin: 2pt 0pt 0pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Deprecia</font><font style="font-family: 'Times New Roman'; font-weight: bold;">tion</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> </font><font style="font-family: 'Times New Roman'; font-weight: bold;">and</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> amortiza</font><font style="font-family: 'Times New Roman'; font-weight: bold;">tion</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> </font><font style="font-family: 'Times New Roman'; font-weight: bold;">for the year</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> </font><sub><font style="font-family: 'Times New Roman'; font-weight: bold; vertical-align: super;">(i)</font></sub></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 26px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">1</font><font style="font-family: 'Times New Roman';">,556</font><font style="font-family: 'Times New Roman';">,599</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 26px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 26px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">275</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">063</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 26px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 26px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">153,899</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 26px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 26px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 26px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 26px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">428</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">962</font></font></p>
</td>
<td style="vertical-align: bottom; height: 26px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 26px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">1,127,637</font></font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 11pt;">&nbsp;</font></p>
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman';">(i) Balances included for complete </font><font style="font-family: 'Times New Roman';">breakdown</font><font style="font-family: 'Times New Roman';"> of segment information.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 11pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%;" width="100%">

<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/</font><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td colspan="7" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000;">
<p style="margin: 2pt 0pt 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Discontinued operations</font></p>
</td>
<td style="vertical-align: top; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/</font><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">2020</font></p>
</td>
</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 35%; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; border-bottom: 1px solid #000000;">
<p style="margin: 2pt 0pt 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Di</font><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">sclosed</font></p>
<p style="margin: 2pt 0pt 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">(A)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1%; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; border-bottom: 1px solid #000000; border-top: 0.5pt solid #000000 !important;">
<p style="margin: 2pt 0pt 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Oxiteno</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1%; border-top: 0.5pt solid #000000 !important; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; border-bottom: 1px solid #000000; border-top: 0.5pt solid #000000 !important;">
<p style="margin: 2pt 0pt 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Extrafarma</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1%; border-top: 0.5pt solid #000000 !important; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; border-bottom: 1px solid #000000; border-top: 0.5pt solid #000000 !important;">
<p style="margin: 2pt 0pt 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Elimina</font><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">tions</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1%; border-top: 0.5pt solid #000000 !important; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td colspan="2" style="border-bottom: 1px solid #000000; vertical-align: top; width: 10%; border-top: 0.5pt solid #000000 !important;">
<p style="margin: 2pt 0pt 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Total</font></p>
<p style="margin: 2pt 0pt 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">(B)</font></p>
</td>
<td style="border-bottom: 1px solid #000000; vertical-align: top; width: 1%;">
<p style="margin: 2pt 0pt 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%;">
<p style="margin: 2pt 0pt 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Restated</font></p>
<p style="margin: 2pt 0pt 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">(A-B)</font></p>
</td>
</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Net cash provided by (used in) operating activities</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">3</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">138</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">119</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">765,090</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">111</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">396</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">(2</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">380)</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td colspan="2" style="vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 2pt 2.85pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">874,106</font></p>
</td>
<td style="vertical-align: top; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">2</font><font style="font-family: 'Times New Roman';">,2</font><font style="font-family: 'Times New Roman';">64,013</font></font></p>
</td>
</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 2pt 0pt 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Net cash used in investing activities</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">(2</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">136</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">405)</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">(159</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">349)</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">(6</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">484)</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">(321</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">557)</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td colspan="2" style="vertical-align: bottom;">
<p style="margin: 2pt 2.85pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(487,390)</font></p>
</td>
<td style="vertical-align: top;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">(1</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">649</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">015)</font></font></p>
</td>
</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Net cash (used in) provided by investing activities</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">(592</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">333)</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">(1</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">236</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">490)</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">11</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">272</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">305</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">534</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td colspan="2" style="vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 2pt 2.85pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(919,684)</font></p>
</td>
<td style="vertical-align: top; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">327</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">351</font></font></p>
</td>
</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 2pt 0pt 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Effect of exchange rate changes on cash and cash equivalents in foreign currency</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">136</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">734</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">114</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">822</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1px solid #000000;">
<p style="margin: 2pt 2.85pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">114,822</font></p>
</td>
<td style="border-bottom: 0.5pt solid #000000; vertical-align: top;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">21</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">912</font></font></p>
</td>
</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Increase (decrease) in cash and cash equivalents</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; border-top: 0.5pt solid #000000 !important; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">546</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">115</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; border-top: 0.5pt solid #000000 !important; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(515,927)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; border-top: 0.5pt solid #000000 !important; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">116</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">184</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; border-top: 0.5pt solid #000000 !important; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">(18</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">403)</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 2.8pt double #000000; border-top: 0.5pt solid #000000 !important; background-color: #cceeff;">
<p style="margin: 2pt 2.85pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(418,146)</font></p>
</td>
<td style="vertical-align: top; border-bottom: 2.8pt double #000000; border-top: 0.5pt solid #000000 !important; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; border-top: 0.5pt solid #000000 !important; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">964,261</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 11pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">c.3.1</font><font style="font-family: 'Times New Roman';"> In the parent company, </font><font style="font-family: 'Times New Roman';">the </font><font style="font-family: 'Times New Roman';">s</font><font style="font-family: 'Times New Roman';">hare of profit (loss) of </font><font style="font-family: 'Times New Roman';">investees</font><font style="font-family: 'Times New Roman';"> Oxiteno and Extrafarma</font><font style="font-family: 'Times New Roman';">, net of related parties,</font><font style="font-family: 'Times New Roman';"> were restated as discontinued operations </font><font style="font-family: 'Times New Roman';">in the total amount of R$ </font><font style="font-family: 'Times New Roman';">280</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">633</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">in the statement of profit or loss for the year 202</font><font style="font-family: 'Times New Roman';">0</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> as per Note</font><font style="font-family: 'Times New Roman';">s</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">3.c.</font><font style="font-family: 'Times New Roman';">3</font><font style="font-family: 'Times New Roman';"> and </font><font style="font-family: 'Times New Roman';">13.a.</font></font></p>
</div>
</div>
<p style="margin: 0pt; text-align: justify;"><br></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>34</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"><br></font></p>
<div style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff;">
<div style="width: 8.5in; margin: 0 auto;">
<div style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff;">
<p style="margin: 2pt 0px 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
</div>
<div style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff;">
<div style="clear: both;">
<p style="margin: 0pt 0px; text-align: justify; font-size: 5pt;"><font style="font-family: 'Times New Roman'; font-size: 5pt;">&nbsp;</font></p>
<div style="margin: 0pt 0px; text-align: justify; font-size: 11pt;"><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">Notes to the Parent</font><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">&#8217;s Separate</font><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';"><font>&nbsp;</font>and Consolidated Financial<font>&nbsp;</font></font><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">Statements</font></div>
<p style="margin: 0pt 0px; text-align: justify; font-size: 5pt;"><font style="font-family: 'Times New Roman'; font-size: 5pt;">&nbsp;</font></p>
<p style="margin: 0pt 0px; text-align: justify; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-size: 10pt;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
</div>
</div>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff; text-align: justify;"><br></p>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">4</font><font style="font-family: 'Times New Roman'; font-weight: bold;">. </font><font style="font-family: 'Times New Roman'; font-weight: bold;">Principles of </font><font style="font-family: 'Times New Roman'; font-weight: bold;">c</font><font style="font-family: 'Times New Roman'; font-weight: bold;">onsolidation</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> and</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> </font><font style="font-family: 'Times New Roman'; font-weight: bold;">i</font><font style="font-family: 'Times New Roman'; font-weight: bold;">nvestments in </font><font style="font-family: 'Times New Roman'; font-weight: bold;">s</font><font style="font-family: 'Times New Roman'; font-weight: bold;">ubsidiaries </font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">a. </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">Principles of </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">c</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">onsolidation</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">In the preparation of the consolidated </font><font style="font-family: 'Times New Roman';">financial </font><font style="font-family: 'Times New Roman';">statements</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">the </font><font style="font-family: 'Times New Roman';">i</font><font style="font-family: 'Times New Roman';">nvestments of one company in another, balances of asset and liability accounts</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> revenues </font><font style="font-family: 'Times New Roman';">transactions, costs </font><font style="font-family: 'Times New Roman';">and expenses were eliminated, as well as the effects of transactions conducted between the companies. Non-controlling interests in subsidiaries are presented within consolidated equity and net income.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Consolidation of a subsidiary begins when the </font><font style="font-family: 'Times New Roman';">p</font><font style="font-family: 'Times New Roman';">arent company obtains direct or indirect control over a </font><font style="font-family: 'Times New Roman';">C</font><font style="font-family: 'Times New Roman';">ompany and ceases when the p</font><font style="font-family: 'Times New Roman';">arent company loses control of a company. Income and expenses of a subsidiary acquired are included in the consolidated </font><font style="font-family: 'Times New Roman';">statement of</font><font style="font-family: 'Times New Roman';"> profit or </font><font style="font-family: 'Times New Roman';">loss and</font><font style="font-family: 'Times New Roman';"> comprehe</font><font style="font-family: 'Times New Roman';">nsive income from the date the p</font><font style="font-family: 'Times New Roman';">arent company gains the control. Income and expenses of a subsidiary</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">in </font><font style="font-family: 'Times New Roman';">which </font><font style="font-family: 'Times New Roman';">the p</font><font style="font-family: 'Times New Roman';">arent company loses control,</font><font style="font-family: 'Times New Roman';"> are included in the consolidated </font><font style="font-family: 'Times New Roman';">statement of</font><font style="font-family: 'Times New Roman';"> profit or </font><font style="font-family: 'Times New Roman';">loss and</font><font style="font-family: 'Times New Roman';"> comprehen</font><font style="font-family: 'Times New Roman';">sive income until the date the p</font><font style="font-family: 'Times New Roman';">arent company loses control. </font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">When necessary adjustments are made to the </font><font style="font-family: 'Times New Roman';">financial </font><font style="font-family: 'Times New Roman';">statements</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">of </font><font style="font-family: 'Times New Roman';">subsidiaries to bring their accounting policies into line with the Company&#8217;s accounting policies.</font></font></p>
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<p style="margin: 0pt; text-align: justify;"><br></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>35</font></font></td>
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<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"><br></font></p>
<div style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff;">
<div style="width: 8.5in; margin: 0 auto;">
<div style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff;">
<p style="margin: 2pt 0px 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
</div>
<div style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff;">
<div style="clear: both;">
<p style="margin: 0pt 0px; text-align: justify; font-size: 5pt;"><font style="font-family: 'Times New Roman'; font-size: 5pt;">&nbsp;</font></p>
<div style="margin: 0pt 0px; text-align: justify; font-size: 11pt;"><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">Notes to the Parent</font><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">&#8217;s Separate</font><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';"><font>&nbsp;</font>and Consolidated Financial<font>&nbsp;</font></font><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">Statements</font></div>
<p style="margin: 0pt 0px; text-align: justify; font-size: 5pt;"><font style="font-family: 'Times New Roman'; font-size: 5pt;">&nbsp;</font></p>
<p style="margin: 0pt 0px; text-align: justify; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-size: 10pt;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
</div>
</div>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff; text-align: justify;"><br></p>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">b. </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">Investments in </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">s</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">ubsidiaries</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;"> </font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The consolidated </font><font style="font-family: 'Times New Roman';">financial </font><font style="font-family: 'Times New Roman';">statements</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">include the following direct and indirect subsidiaries:</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 11pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="height: 793px; border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 9pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td colspan="7" style="vertical-align: bottom; height: 17px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">% interest in the share</font></p>
</td>
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<tr style="height: 17px;">
<td style="vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td colspan="3" style="vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2021</font></p>
</td>
<td style="vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td colspan="3" style="vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2020</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td colspan="3" style="vertical-align: bottom; height: 17px; border-bottom: 1px solid #000000; border-top: 1pt solid #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Control</font></p>
</td>
<td style="vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td colspan="3" style="vertical-align: bottom; height: 17px; border-bottom: 1px solid #000000; border-top: 1pt solid #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Control</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="vertical-align: bottom; height: 17px; width: 48%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 17px; width: 10%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Location</font></p>
</td>
<td style="vertical-align: bottom; height: 17px; width: 10%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Segment</font></p>
</td>
<td style="vertical-align: bottom; height: 17px; width: 1%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 17px; width: 7%; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Direct</font></p>
</td>
<td style="vertical-align: bottom; height: 17px; width: 1%; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 17px; width: 7%; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Indirect</font></p>
</td>
<td style="vertical-align: bottom; height: 17px; width: 1%; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 17px; width: 7%; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Direct</font></p>
</td>
<td style="vertical-align: bottom; height: 17px; width: 1%; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 17px; width: 7%; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Indirect</font></p>
</td>
</tr>
<tr style="height: 19px; background-color: #cceeff;">
<td style="vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ipiranga Produtos de Petr&#243;leo S.A.</font></p>
</td>
<td style="vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Brazil</font></p>
</td>
<td style="vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ipiranga</font></p>
</td>
<td style="vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 19px;">
<td style="vertical-align: bottom; height: 19px;">
<p style="margin: 0pt 0pt 0pt 14.2pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">am/pm Comest&#237;veis Ltda.</font></p>
</td>
<td style="vertical-align: bottom; height: 19px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Brazil</font></p>
</td>
<td style="vertical-align: bottom; height: 19px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ipiranga</font></p>
</td>
<td style="vertical-align: bottom; height: 19px;">
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="vertical-align: bottom; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="vertical-align: bottom; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="vertical-align: bottom; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
</tr>
<tr style="height: 19px; background-color: #cceeff;">
<td style="vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 14.2pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Icorban &#8211; Correspondente Banc&#225;rio Ltda. </font></p>
</td>
<td style="vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Brazil</font></p>
</td>
<td style="vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ipiranga</font></p>
</td>
<td style="vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="vertical-align: bottom; height: 19px; background-color: #cceeff;">
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</td>
<td style="vertical-align: bottom; height: 22px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="vertical-align: bottom; height: 22px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 22px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
</tr>
<tr style="height: 22px;">
<td style="vertical-align: bottom; height: 22px;">
<p style="margin: 0pt 0pt 0pt 28.4pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Uting&#225;s Armazenadora S.A.</font><font style="font-family: 'Times New Roman'; vertical-align: super; font-size: 8pt;"> (2)</font></font></p>
</td>
<td style="vertical-align: bottom; height: 22px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Brazil</font></p>
</td>
<td style="vertical-align: bottom; height: 22px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultragaz</font></p>
</td>
<td style="vertical-align: bottom; height: 22px;">
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 22px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="vertical-align: bottom; height: 22px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 22px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">57</font></p>
</td>
<td style="vertical-align: bottom; height: 22px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 22px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="vertical-align: bottom; height: 22px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 22px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">57</font></p>
</td>
</tr>
<tr style="height: 19px; background-color: #cceeff;">
<td style="vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 14.2pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Bahiana Distribuidora de G&#225;s Ltda.</font></p>
</td>
<td style="vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Brazil</font></p>
</td>
<td style="vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultragaz</font></p>
</td>
<td style="vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="vertical-align: bottom; height: 10px;">
<p style="margin: 0pt 0pt 0pt 14.2pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">LPG International Inc.</font></p>
</td>
<td style="vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Cayman Islands</font></p>
</td>
<td style="vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultragaz</font></p>
</td>
<td style="vertical-align: bottom; height: 10px;">
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
</tr>
<tr style="height: 19px; background-color: #cceeff;">
<td style="vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 14.2pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Imaven Im&#243;veis Ltda.</font></p>
</td>
<td style="vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Brazil</font></p>
</td>
<td style="vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Others</font></p>
</td>
<td style="vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="vertical-align: bottom; height: 10px;">
<p style="margin: 0pt 0pt 0pt 14.2pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Imifarma Produtos Farmac&#234;uticos e Cosm&#233;ticos S.A. </font><font style="font-family: 'Times New Roman'; vertical-align: super; font-size: 8pt;">(3)</font><font style="font-family: 'Times New Roman';"> </font></font></p>
</td>
<td style="vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Brazil</font></p>
</td>
<td style="vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Extrafarma</font></p>
</td>
<td style="vertical-align: bottom; height: 10px;">
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 14.2pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">UVC Investimentos Ltda.</font><font style="font-family: 'Times New Roman'; vertical-align: super; font-size: 8pt;"> (4)</font></font></p>
</td>
<td style="vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Brazil</font></p>
</td>
<td style="vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Others</font></p>
</td>
<td style="vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">99</font></p>
</td>
<td style="vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">99</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="vertical-align: bottom; height: 10px;">
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Centro de Conveni&#234;ncias Millennium Ltda. and subsidiaries</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman'; vertical-align: super; font-size: 8pt;">(5)</font></font></p>
</td>
<td style="vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Brazil</font></p>
</td>
<td style="vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ipiranga</font></p>
</td>
<td style="vertical-align: bottom; height: 10px;">
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Oxiteno S.A. Ind&#250;stria e Com&#233;rcio </font><font style="font-family: 'Times New Roman'; vertical-align: super; font-size: 8pt;">(6)</font></font></p>
</td>
<td style="vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Brazil</font></p>
</td>
<td style="vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Oxiteno</font></p>
</td>
<td style="vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 19px;">
<td style="vertical-align: bottom; height: 19px;">
<p style="margin: 0pt 0pt 0pt 14.2pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Oxiteno Argentina Sociedad de Responsabilidad Ltda.</font></p>
</td>
<td style="vertical-align: bottom; height: 19px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Argentina</font></p>
</td>
<td style="vertical-align: bottom; height: 19px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Oxiteno</font></p>
</td>
<td style="vertical-align: bottom; height: 19px;">
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="vertical-align: bottom; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="vertical-align: bottom; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="vertical-align: bottom; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
</tr>
<tr style="height: 19px; background-color: #cceeff;">
<td style="vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 14.2pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Oleoqu&#237;mica Ind&#250;stria e Com&#233;rcio de Produtos Qu&#237;micos Ltda.</font></p>
</td>
<td style="vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Brazil</font></p>
</td>
<td style="vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Oxiteno</font></p>
</td>
<td style="vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
</tr>
<tr style="height: 19px;">
<td style="vertical-align: bottom; height: 19px;">
<p style="margin: 0pt 0pt 0pt 14.2pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Oxiteno Uruguay S.A.</font></p>
</td>
<td style="vertical-align: bottom; height: 19px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Uruguay</font></p>
</td>
<td style="vertical-align: bottom; height: 19px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Oxiteno</font></p>
</td>
<td style="vertical-align: bottom; height: 19px;">
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="vertical-align: bottom; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="vertical-align: bottom; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="vertical-align: bottom; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
</tr>
<tr style="height: 19px; background-color: #cceeff;">
<td style="vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 14.2pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Oxiteno M&#233;xico S.A. de C.V.</font></p>
</td>
<td style="vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Mexico</font></p>
</td>
<td style="vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Oxiteno</font></p>
</td>
<td style="vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
</tr>
<tr style="height: 19px;">
<td style="vertical-align: bottom; height: 19px;">
<p style="margin: 0pt 0pt 0pt 28.4pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Oxiteno Servicios Corporativos S.A. de C.V.</font></p>
</td>
<td style="vertical-align: bottom; height: 19px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Mexico</font></p>
</td>
<td style="vertical-align: bottom; height: 19px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Oxiteno</font></p>
</td>
<td style="vertical-align: bottom; height: 19px;">
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="vertical-align: bottom; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="vertical-align: bottom; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="vertical-align: bottom; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
</tr>
<tr style="height: 19px; background-color: #cceeff;">
<td style="vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 28.4pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Oxiteno Servicios Industriales S.A. de C.V.</font></p>
</td>
<td style="vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Mexico</font></p>
</td>
<td style="vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Oxiteno</font></p>
</td>
<td style="vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
</tr>
<tr style="height: 19px;">
<td style="vertical-align: bottom; height: 19px;">
<p style="margin: 0pt 0pt 0pt 28.4pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Oxiteno USA LLC</font></p>
</td>
<td style="vertical-align: bottom; height: 19px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">United States</font></p>
</td>
<td style="vertical-align: bottom; height: 19px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Oxiteno</font></p>
</td>
<td style="vertical-align: bottom; height: 19px;">
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="vertical-align: bottom; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="vertical-align: bottom; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="vertical-align: bottom; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
</tr>
<tr style="height: 19px; background-color: #cceeff;">
<td style="vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 14.2pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Global Petroleum Products Trading Corp.</font></p>
</td>
<td style="vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Virgin Islands</font></p>
</td>
<td style="vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Oxiteno</font></p>
</td>
<td style="vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
</tr>
<tr style="height: 19px;">
<td style="vertical-align: bottom; height: 19px;">
<p style="margin: 0pt 0pt 0pt 14.2pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Oxiteno Europe SPRL</font></p>
</td>
<td style="vertical-align: bottom; height: 19px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Belgium</font></p>
</td>
<td style="vertical-align: bottom; height: 19px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Oxiteno</font></p>
</td>
<td style="vertical-align: bottom; height: 19px;">
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="vertical-align: bottom; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="vertical-align: bottom; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="vertical-align: bottom; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
</tr>
<tr style="height: 19px; background-color: #cceeff;">
<td style="vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 14.2pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Oxiteno Colombia S.A.S.</font></p>
</td>
<td style="vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Colombia</font></p>
</td>
<td style="vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Oxiteno</font></p>
</td>
<td style="vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
</tr>
<tr style="height: 19px;">
<td style="vertical-align: bottom; height: 19px;">
<p style="margin: 0pt 0pt 0pt 14.2pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Oxiteno Shanghai LTD.</font></p>
</td>
<td style="vertical-align: bottom; height: 19px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">China</font></p>
</td>
<td style="vertical-align: bottom; height: 19px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Oxiteno</font></p>
</td>
<td style="vertical-align: bottom; height: 19px;">
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="vertical-align: bottom; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="vertical-align: bottom; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="vertical-align: bottom; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
</tr>
<tr style="height: 19px; background-color: #cceeff;">
<td style="vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 14.2pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Empresa Carioca de Produtos Qu&#237;micos S.A.</font></p>
</td>
<td style="vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Brazil</font></p>
</td>
<td style="vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Oxiteno</font></p>
</td>
<td style="vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
</tr>
<tr style="height: 19px;">
<td style="vertical-align: bottom; height: 19px;">
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultracargo &#8211; Opera&#231;&#245;es Log&#237;sticas e Participa&#231;&#245;es Ltda.</font></p>
</td>
<td style="vertical-align: bottom; height: 19px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Brazil</font></p>
</td>
<td style="vertical-align: bottom; height: 19px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultracargo</font></p>
</td>
<td style="vertical-align: bottom; height: 19px;">
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="vertical-align: bottom; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="vertical-align: bottom; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="vertical-align: bottom; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 22px; background-color: #cceeff;">
<td style="vertical-align: bottom; height: 22px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 14.2pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Ultracargo Log&#237;stica S.A. </font><font style="font-family: 'Times New Roman'; vertical-align: super; font-size: 8pt;">(7)</font></font></p>
</td>
<td style="vertical-align: bottom; height: 22px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Brazil</font></p>
</td>
<td style="vertical-align: bottom; height: 22px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultracargo</font></p>
</td>
<td style="vertical-align: bottom; height: 22px; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 22px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="vertical-align: bottom; height: 22px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 22px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">99</font></p>
</td>
<td style="vertical-align: bottom; height: 22px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 22px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="vertical-align: bottom; height: 22px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 22px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">99</font></p>
</td>
</tr>
<tr style="height: 19px;">
<td style="vertical-align: bottom; height: 19px;">
<p style="margin: 0pt 0pt 0pt 14.2pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">TEAS &#8211; Terminal Exportador de &#193;lcool de Santos Ltda.</font></p>
</td>
<td style="vertical-align: bottom; height: 19px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Brazil</font></p>
</td>
<td style="vertical-align: bottom; height: 19px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultracargo</font></p>
</td>
<td style="vertical-align: bottom; height: 19px;">
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="vertical-align: bottom; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="vertical-align: bottom; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="vertical-align: bottom; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
</tr>
<tr style="height: 19px; background-color: #cceeff;">
<td style="vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 14.2pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Tequimar Vila do Conde Log&#237;stica Portu&#225;ria S.A.</font></p>
</td>
<td style="vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Brazil</font></p>
</td>
<td style="vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultracargo</font></p>
</td>
<td style="vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
</tr>
<tr style="height: 19px;">
<td style="vertical-align: bottom; height: 19px;">
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultrapar International S.A.</font></p>
</td>
<td style="vertical-align: bottom; height: 19px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Luxembourg</font></p>
</td>
<td style="vertical-align: bottom; height: 19px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Others</font></p>
</td>
<td style="vertical-align: bottom; height: 19px;">
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="vertical-align: bottom; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="vertical-align: bottom; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="vertical-align: bottom; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 19px; background-color: #cceeff;">
<td style="vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">SERMA &#8211; Ass. dos usu&#225;rios equip. proc. de dados</font></p>
</td>
<td style="vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Brazil</font></p>
</td>
<td style="vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Others</font></p>
</td>
<td style="vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="vertical-align: middle; height: 10px;">
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">UVC &#8211; Fundo de investimento em participa&#231;&#245;es multiestrat&#233;gia investimento no exterior </font><font style="font-family: 'Times New Roman'; vertical-align: super; font-size: 8pt;">(8)</font><font style="font-family: 'Times New Roman';"> </font></font></p>
</td>
<td style="vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Brazil</font></p>
</td>
<td style="vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Others</font></p>
</td>
<td style="vertical-align: bottom; height: 10px;">
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Ea&#237; Clube Automobilista S.A. </font><font style="font-family: 'Times New Roman'; vertical-align: super; font-size: 8pt;">(9)</font></font></p>
</td>
<td style="vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Brazil</font></p>
</td>
<td style="vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Abastece a&#237;</font></p>
</td>
<td style="vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><br></p>
</div>
</div>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>36</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"><br></font></p>
<div style="width: 8.5in; margin: 0 auto;">
<div style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff;">
<p style="margin: 2pt 0px 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
</div>
<div style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff;">
<div style="clear: both;">
<p style="margin: 0pt 0px; text-align: justify; font-size: 5pt;"><font style="font-family: 'Times New Roman'; font-size: 5pt;">&nbsp;</font></p>
<div style="margin: 0pt 0px; text-align: justify; font-size: 11pt;"><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">Notes to the Parent</font><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">&#8217;s Separate</font><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';"><font>&nbsp;</font>and Consolidated Financial<font>&nbsp;</font></font><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">Statements</font></div>
<p style="margin: 0pt 0px; text-align: justify; font-size: 5pt;"><font style="font-family: 'Times New Roman'; font-size: 5pt;">&nbsp;</font></p>
<p style="margin: 0pt 0px; text-align: justify; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-size: 10pt;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
</div>
</div>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff; text-align: justify;"><br></p>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">The percentages in the table above are rounded.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
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<tr style="height: 17px;">
<td style="width: 4.1657%; height: 17px;"><font style="font-size: 8pt;">(1)</font></td>
<td style="width: 95.8343%; height: 17px;"><font style="font-size: 8pt;">Non-operating company in closing phase.</font></td>
</tr>
<tr style="height: 17px;">
<td style="width: 4.1657%; height: 17px;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 8pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(2)</font></td>
<td style="width: 95.8343%; height: 17px;"><font style="font-size: 8pt;">In October 2020 there was a change in the share capital of the company Uting&#225;s, which became controlled by Companhia Ultragaz S.A. (&#8220;Cia Ultragaz&#8221;).</font></td>
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<tr style="height: 34px;">
<td style="width: 4.1657%; height: 34px;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 8pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(3)</font></td>
<td style="width: 95.8343%; height: 34px;"><font style="font-size: 8pt;">On May 18, 2021 the Company announced the signing of an agreement for the sale of all shares of Extrafarma to Pague Menos. As of December 31, 2021, the Company reclassified the subsidiary's balances to &#8220;assets and liabilities held for sale&#8221;. For more details, see note 3.c.1.</font></td>
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<tr style="height: 34px;">
<td style="width: 4.1657%; height: 34px;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 8pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(4)</font></td>
<td style="width: 95.8343%; height: 34px;"><font style="font-size: 8pt;">Subsidiary created in January 2020 to provide valuation, business management and financial advisory services to UVC - Fundo de investimento em participa&#231;&#245;es multiestrat&#233;gia investimento no exterior (&#8220;UVC &#8211; Fundo de investimento&#8221;). In September 2020 the Company&#8217;s name was changed to UVC Investimentos Ltda (&#8220;UVC Investimentos&#8221;).</font></td>
</tr>
<tr style="height: 17px;">
<td style="width: 4.1657%; height: 17px;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 8pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(5)</font><br></td>
<td style="width: 95.8343%; height: 17px;"><font style="font-size: 8pt;">In May 2020 there was a change in the participation of the capital of the subsidiary Millennium which became a direct subsidiary of the Company.</font></td>
</tr>
<tr style="height: 34px;">
<td style="width: 4.1657%; height: 34px;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 8pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(6)</font></td>
<td style="width: 95.8343%; height: 34px;"><font style="font-size: 8pt;">On August 16, 2021, the Company announced the signing of agreement for the sale of its interest in Oxiteno S.A. to Indorama. As of December 31, 2021, the Company reclassified the subsidiary's balances to &#8220;assets and liabilities held for sale&#8221;. For more details, see Note 3.c.1.</font></td>
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<tr style="height: 17px;">
<td style="width: 4.1657%; height: 17px;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 8pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(7)</font><br></td>
<td style="width: 95.8343%; height: 17px;"><font style="font-size: 8pt;">In April 2021 the name of subsidiary Terminal Qu&#237;mico de Aratu S.A &#8211; Tequimar was changed to Ultracargo Log&#237;stica S.A. (&#8220;Ultracargo Log&#237;stica&#8221;).</font></td>
</tr>
<tr style="height: 34px;">
<td style="width: 4.1657%; height: 34px;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 8pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(8)</font><br></td>
<td style="width: 95.8343%; height: 34px;"><font style="font-size: 8pt;">Fund constituted on January 2020, the UVC has the purpose to monetize the resources of its shareholders through investment in promising companies in business segments that are complementary to the Company's businesses, with additional benefits such as of startups and new technologies.</font></td>
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<tr style="height: 17px;">
<td style="width: 4.1657%; height: 17px;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 8pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(9)</font></td>
<td style="width: 95.8343%; height: 17px;"><font style="font-size: 8pt;">Subsidiary created in July 2020, focused on digital payments and electronic retail, uniting the &#8220;abastece a&#237;&#8221; app and the &#8220;Km de Vantagens&#8221; program.</font></td>
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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>37</font></font></td>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
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<div style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff;">
<p style="margin: 2pt 0px 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"><br></font></p>
<div style="width: 8.5in; margin: 0 auto;">
<div style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff;">
<p style="margin: 2pt 0px 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
</div>
<div style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff;">
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<p style="margin: 0pt 0px; text-align: justify; font-size: 5pt;"><font style="font-family: 'Times New Roman'; font-size: 5pt;">&nbsp;</font></p>
<div style="margin: 0pt 0px; text-align: justify; font-size: 11pt;"><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">Notes to the Parent</font><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">&#8217;s Separate</font><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';"><font>&nbsp;</font>and Consolidated Financial<font>&nbsp;</font></font><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">Statements</font></div>
<p style="margin: 0pt 0px; text-align: justify; font-size: 5pt;"><font style="font-family: 'Times New Roman'; font-size: 5pt;">&nbsp;</font></p>
<p style="margin: 0pt 0px; text-align: justify; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-size: 10pt;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
</div>
</div>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff; text-align: justify;"><br></p>
<h1 style="margin: 0pt 0pt 0pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">5</font><font style="font-family: 'Times New Roman'; font-weight: bold;">. Cash and </font><font style="font-family: 'Times New Roman'; font-weight: bold;">c</font><font style="font-family: 'Times New Roman'; font-weight: bold;">ash </font><font style="font-family: 'Times New Roman'; font-weight: bold;">e</font><font style="font-family: 'Times New Roman'; font-weight: bold;">quivalents</font><font style="font-family: 'Times New Roman'; font-weight: bold;">,</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> </font><font style="font-family: 'Times New Roman'; font-weight: bold;">f</font><font style="font-family: 'Times New Roman'; font-weight: bold;">inancial </font><font style="font-family: 'Times New Roman'; font-weight: bold;">i</font><font style="font-family: 'Times New Roman'; font-weight: bold;">nvestments</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> and </font><font style="font-family: 'Times New Roman'; font-weight: bold;">h</font><font style="font-family: 'Times New Roman'; font-weight: bold;">edge </font><font style="font-family: 'Times New Roman'; font-weight: bold;">d</font><font style="font-family: 'Times New Roman'; font-weight: bold;">erivative </font><font style="font-family: 'Times New Roman'; font-weight: bold;">f</font><font style="font-family: 'Times New Roman'; font-weight: bold;">inancial </font><font style="font-family: 'Times New Roman'; font-weight: bold;">i</font><font style="font-family: 'Times New Roman'; font-weight: bold;">nstruments</font></font></h1>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 11pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Cash equivalents and financial investments, excluding cash and bank deposits, are substantially represented by investments: (i) in Brazil, in certificates of deposit of financial institutions linked to </font><font style="font-family: 'Times New Roman';">interest rate of </font><font style="font-family: 'Times New Roman';">the </font><font style="font-family: 'Times New Roman';">Interbank Deposit</font><font style="font-family: 'Times New Roman';">s</font><font style="font-family: 'Times New Roman';"> Interest Rate</font><font style="font-family: 'Times New Roman';"> (&#8220;DI&#8221;)</font><font style="font-family: 'Times New Roman';">, in </font><font style="font-family: 'Times New Roman';">repurchase agreement</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> financial bills,</font><font style="font-family: 'Times New Roman';"> and in short term investments funds, whose portfolio comprised of Brazilian Federal Government bonds</font><font style="font-family: 'Times New Roman';"> and in certificates of deposit of financial institutions</font><font style="font-family: 'Times New Roman';">; (ii) outside Brazil, in certificates of deposit of financial institutions</font><font style="font-family: 'Times New Roman';"> and in short</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">term investments funds, </font><font style="font-family: 'Times New Roman';">whose portfolio compris</font><font style="font-family: 'Times New Roman';">ed of </font><font style="font-family: 'Times New Roman';">F</font><font style="font-family: 'Times New Roman';">ederal </font><font style="font-family: 'Times New Roman';">G</font><font style="font-family: 'Times New Roman';">overnment </font><font style="font-family: 'Times New Roman';">bond</font><font style="font-family: 'Times New Roman';">s</font><font style="font-family: 'Times New Roman';">; and (iii) in currency and interest rate hedging instruments.&nbsp;</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The financial assets were classified in Note </font><font style="font-family: 'Times New Roman';">34</font><font style="font-family: 'Times New Roman';">.j</font><font style="font-family: 'Times New Roman';">, </font><font style="font-family: 'Times New Roman';">based on business model of financial assets</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">of the Company and its subsidiaries.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Cash, cash equivalents and financial investments (</font><font style="font-family: 'Times New Roman';">c</font><font style="font-family: 'Times New Roman';">onsolidated) amounted </font><font style="font-family: 'Times New Roman';">to </font><font style="font-family: 'Times New Roman';">R</font><font style="font-family: 'Times New Roman';">$</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">4</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">463</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">473</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">as of </font><font style="font-family: 'Times New Roman';">December</font><font style="font-family: 'Times New Roman';"> 3</font><font style="font-family: 'Times New Roman';">1</font><font style="font-family: 'Times New Roman';">, </font><font style="font-family: 'Times New Roman';">20</font><font style="font-family: 'Times New Roman';">2</font><font style="font-family: 'Times New Roman';">1</font><font style="font-family: 'Times New Roman';"> (</font><font style="font-family: 'Times New Roman';">R$</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">8,672,160</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">as of December 31, 20</font><font style="font-family: 'Times New Roman';">20</font><font style="font-family: 'Times New Roman';">)</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">are as follows:</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">a. </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">Cash and cash equivalents</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Cash and cash equivalents </font><font style="font-family: 'Times New Roman';">of the Company and its subsidiaries are </font><font style="font-family: 'Times New Roman';">presented</font><font style="font-family: 'Times New Roman';"> as follows:</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 11pt;">&nbsp;</font></p>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Parent</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Consolidated</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 49%; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 12%; border-top: 0.5pt solid #000000 !important; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2021</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1%; border-top: 0.5pt solid #000000 !important; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 12%; border-top: 0.5pt solid #000000 !important; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1%; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 12%; border-top: 0.5pt solid #000000 !important; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2021</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1%; border-top: 0.5pt solid #000000 !important; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 12%; border-top: 0.5pt solid #000000 !important; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2020</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Cash and bank deposits</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">In local currency</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,554</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">9,419</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">317,907</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">285,306</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">In foreign currency</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">16,640</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">119,775</font></p>
</td>
</tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Financial investments considered cash equivalents</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">In local currency</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt 0pt 0pt 20pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.75pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Fixed-income securities</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">18,979</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">939,230</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,943,164</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,241,852</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">In foreign currency</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt 0pt 0pt 20pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.75pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Fixed-income securities</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,363</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">14,561</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Total cash and cash equivalents</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">21,533</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">948,649</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,280,074</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,661,494</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><br></p>
</div>
</div>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>38</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"><br></font></p>
<div style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff;">
<div style="width: 8.5in; margin: 0 auto;">
<div style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff;">
<p style="margin: 2pt 0px 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
</div>
<div style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff;">
<div style="clear: both;">
<p style="margin: 0pt 0px; text-align: justify; font-size: 5pt;"><font style="font-family: 'Times New Roman'; font-size: 5pt;">&nbsp;</font></p>
<div style="margin: 0pt 0px; text-align: justify; font-size: 11pt;"><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">Notes to the Parent</font><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">&#8217;s Separate</font><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';"><font>&nbsp;</font>and Consolidated Financial<font>&nbsp;</font></font><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">Statements</font></div>
<p style="margin: 0pt 0px; text-align: justify; font-size: 5pt;"><font style="font-family: 'Times New Roman'; font-size: 5pt;">&nbsp;</font></p>
<p style="margin: 0pt 0px; text-align: justify; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-size: 10pt;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
</div>
</div>
<h1 style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; margin: 12pt 0pt 0pt; break-after: avoid; break-inside: avoid;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">b. Financial investments</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;"> and</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;"> </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">c</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">urrency and </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">i</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">nterest </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">r</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">ate </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">h</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">edging </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">i</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">nstruments</font></font></h1>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The financial investments</font><font style="font-family: 'Times New Roman';"> which are not classified as cash and cash equivalents</font><font style="font-family: 'Times New Roman';"> are </font><font style="font-family: 'Times New Roman';">presented</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">as follows:</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 11pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Parent</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Consolidated</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 49%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top: 0.5pt solid #000000 !important; width: 12%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2021</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top: 0.5pt solid #000000 !important; width: 1%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top: 0.5pt solid #000000 !important; width: 12%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top: 0.5pt solid #000000 !important; width: 12%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2021</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top: 0.5pt solid #000000 !important; width: 1%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top: 0.5pt solid #000000 !important; width: 12%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2020</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Financial investments</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">In local currency</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 20pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.75pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Fixed-income securities and funds</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">142,065</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">88,100</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,607,608</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,749,852</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">In foreign currency</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 20pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.75pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Fixed-income securities and funds</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">103,239</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,278,940</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Currency and interest rate hedging instruments (a)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">472,552</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">981,874</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Total financial investments</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">142,065</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">88,100</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,183,399</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">6,010,666</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Current</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">142,065</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">88,100</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,804,122</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,033,258</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Non-current</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">379,277</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">977,408</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman';">(a) Accumulated gains, net of income tax (see Note 34.i).</font><font style="font-family: 'Times New Roman';">&nbsp;</font></font></p>
<h1 style="margin: 12pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">6</font><font style="font-family: 'Times New Roman'; font-weight: bold;">. Trade </font><font style="font-family: 'Times New Roman'; font-weight: bold;">r</font><font style="font-family: 'Times New Roman'; font-weight: bold;">eceivables </font><font style="font-family: 'Times New Roman'; font-weight: bold;">and </font><font style="font-family: 'Times New Roman'; font-weight: bold;">r</font><font style="font-family: 'Times New Roman'; font-weight: bold;">eseller </font><font style="font-family: 'Times New Roman'; font-weight: bold;">f</font><font style="font-family: 'Times New Roman'; font-weight: bold;">inancing</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> </font><font style="font-family: 'Times New Roman'; font-weight: bold;">(</font><font style="font-family: 'Times New Roman'; font-weight: bold;">C</font><font style="font-family: 'Times New Roman'; font-weight: bold;">onsolidated)</font></font></h1>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">a. Trade </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">r</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">eceivables</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The </font><font style="font-family: 'Times New Roman';">composition</font><font style="font-family: 'Times New Roman';"> of t</font><font style="font-family: 'Times New Roman';">rade receivables </font><font style="font-family: 'Times New Roman';">is</font><font style="font-family: 'Times New Roman';"> as follows:</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%;" width="100%">

<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 68%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 15%; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2021</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 15%; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2020</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Domestic customers</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 3,805,756</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 3,443,641</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Domestic customers &#8211; related parties (see Note 9.a.2)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 57</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 151</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Foreign customers</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 3,137</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 326,442</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Foreign customers &#8211; related parties (see Note 9.a.2)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 4,400</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 2,984</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(-) Loss allowance for expected credit losses</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(374,355)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(382,096)</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 3,438,995</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 3,391,122</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Current</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 3,375,246</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 3,318,927</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Non-current</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 63,749</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 72,195</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><br></p>
</div>
</div>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>39</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"><br></font></p>
<div style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff;">
<div style="width: 8.5in; margin: 0 auto;">
<div style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff;">
<p style="margin: 2pt 0px 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
</div>
<div style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff;">
<div style="clear: both;">
<p style="margin: 0pt 0px; text-align: justify; font-size: 5pt;"><font style="font-family: 'Times New Roman'; font-size: 5pt;">&nbsp;</font></p>
<div style="margin: 0pt 0px; text-align: justify; font-size: 11pt;"><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">Notes to the Parent</font><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">&#8217;s Separate</font><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';"><font>&nbsp;</font>and Consolidated Financial<font>&nbsp;</font></font><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">Statements</font></div>
<p style="margin: 0pt 0px; text-align: justify; font-size: 5pt;"><font style="font-family: 'Times New Roman'; font-size: 5pt;">&nbsp;</font></p>
<p style="margin: 0pt 0px; text-align: justify; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-size: 10pt;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
</div>
</div>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';"><br></font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The breakdown of trade receivables, gross</font><font style="font-family: 'Times New Roman';"> of </font><font style="font-family: 'Times New Roman';">loss allowance for expected credit losses</font><font style="font-family: 'Times New Roman';">, is as follows:</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 78px;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td colspan="5" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Past due</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 18%; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 12%; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Total</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1%; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 12%; border-bottom: 1px solid #000000; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Current</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 12%; border-bottom: 1px solid #000000; border-top: 0.5pt solid #000000 !important; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">less than 30 days</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 11%; border-bottom: 1px solid #000000; border-top: 0.5pt solid #000000 !important; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">31-60 days</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 11%; border-bottom: 1px solid #000000; border-top: 0.5pt solid #000000 !important; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">61-90 days</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 11%; border-bottom: 1px solid #000000; border-top: 0.5pt solid #000000 !important; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">91-180 days</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 12%; border-bottom: 1px solid #000000; border-top: 0.5pt solid #000000 !important; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">more than 180 days</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">12/31/2021</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 3,813,350</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 3,131,528</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 90,024</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 33,255</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 24,804</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 23,903</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 509,836</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">12/31/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 3,773,218</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 2,963,163</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 124,606</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 27,970</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 21,389</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 47,169</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 588,921</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 11pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The breakdown of </font><font style="font-family: 'Times New Roman';">loss allowance for expected credit losses</font><font style="font-family: 'Times New Roman';">, is as follows:</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 11pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td colspan="5" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Past due</font></p>
</td>
</tr>
<tr style="height: 25.5pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 18%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 12%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Total</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 12%; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Current</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 12%; border-bottom: 1px solid #000000; border-top: 0.5pt solid #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">less than 30 days</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 11%; border-bottom: 1px solid #000000; border-top: 0.5pt solid #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">31-60 days</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 11%; border-bottom: 1px solid #000000; border-top: 0.5pt solid #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">61-90 days</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 11%; border-bottom: 1px solid #000000; border-top: 0.5pt solid #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">91-180 days</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 12%; border-bottom: 1px solid #000000; border-top: 0.5pt solid #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">more than 180 days</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">12/31/2021</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 374,355</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 21,962</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 1,595</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 3,049</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 2,761</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 14,926</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 330,062</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">12/31/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 382,096</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 21,219</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 2,154</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 1,751</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 2,233</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 13,378</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 341,361</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Movements in the allowance for </font><font style="font-family: 'Times New Roman';">loss allowance for expected credit losses</font><font style="font-family: 'Times New Roman';"> are as follows:</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%;" width="100%">

<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 84%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Balance as of December 31, 2019</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 1%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 15%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 404,886</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Additions</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 194,220</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Reversals</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(203,994)</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Write-offs</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(13,016)</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Balance as of December 31, 2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 382,096</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Additions</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 177,872</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Reversals</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(150,160)</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Write-offs</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(18,646)</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Reclassification to assets held for sale</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(16,807)</font></p>
</td>
</tr>
<tr style="height: 13.5pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Balance as of December 31, 2021</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 374,355</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">For </font><font style="font-family: 'Times New Roman';">more</font><font style="font-family: 'Times New Roman';"> information about the allowance for </font><font style="font-family: 'Times New Roman';">loss allowance for expected credit losses</font><font style="font-family: 'Times New Roman';"> see Note </font><font style="font-family: 'Times New Roman';">34</font><font style="font-family: 'Times New Roman';">.d.3.</font></font></p>
</div>
</div>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';"><br></font></font></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>40</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"><br></font></p>
<div style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff;">
<div style="width: 8.5in; margin: 0 auto;">
<div style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff;">
<p style="margin: 2pt 0px 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
</div>
<div style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff;">
<div style="clear: both;">
<p style="margin: 0pt 0px; text-align: justify; font-size: 5pt;"><font style="font-family: 'Times New Roman'; font-size: 5pt;">&nbsp;</font></p>
<div style="margin: 0pt 0px; text-align: justify; font-size: 11pt;"><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">Notes to the Parent</font><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">&#8217;s Separate</font><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';"><font>&nbsp;</font>and Consolidated Financial<font>&nbsp;</font></font><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">Statements</font></div>
<p style="margin: 0pt 0px; text-align: justify; font-size: 5pt;"><font style="font-family: 'Times New Roman'; font-size: 5pt;">&nbsp;</font></p>
<p style="margin: 0pt 0px; text-align: justify; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-size: 10pt;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
</div>
</div>
<h1 style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; margin: 12pt 0pt 0pt; break-after: avoid; break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold;">b. Reseller financing</font></h1>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">The composition of reseller financing is as follows:</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 95px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 74%; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1%; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 12%; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2021</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1%; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 12%; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2020</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 74%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Reseller financing &#8211; Ipiranga</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 1%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 12%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 1,183,312</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 1%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 12%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 1,165,395</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 74%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(-) Loss allowance for expected credit losses</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000; height: 17px; width: 12%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(185,278)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 1%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1px solid #000000; width: 12%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(197,011)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 74%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 2.8pt double #000000; width: 12%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">998,034</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 1%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 2.8pt double #000000; width: 12%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">968,384</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 74%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Current</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 12%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">582,562</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 1%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 12%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">549,129</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 74%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Non-current</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 12%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">415,472</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 1%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 12%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">419,255</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The breakdown of </font><font style="font-family: 'Times New Roman';">reseller financing</font><font style="font-family: 'Times New Roman';">, gross of </font><font style="font-family: 'Times New Roman';">loss allowance for expected credit losses</font><font style="font-family: 'Times New Roman';">, is as follows:</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%;" width="100%">

<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td colspan="5" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Past due</font></p>
</td>
</tr>
<tr style="height: 25.5pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 18%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 12%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Total</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 12%; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Current</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 12%; border-bottom: 1px solid #000000; border-top: 0.5pt solid #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">less than 30 days</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 11%; border-bottom: 1px solid #000000; border-top: 0.5pt solid #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">31-60 days</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 11%; border-bottom: 1px solid #000000; border-top: 0.5pt solid #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">61-90 days</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 11%; border-bottom: 1px solid #000000; border-top: 0.5pt solid #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">91-180 days</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 12%; border-bottom: 1px solid #000000; border-top: 0.5pt solid #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">more than 180 days</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">12/31/2021</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,183,312</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">770,008</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">19,260</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">24,290</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">14,373</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">26,685</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">328,696</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">12/31/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,165,395</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">787,904</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">10,230</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">15,237</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">21,200</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">28,989</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">301,835</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The breakdown of </font><font style="font-family: 'Times New Roman';">loss allowance for expected credit losses</font><font style="font-family: 'Times New Roman';">, is as follows:</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td colspan="5" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Past due</font></p>
</td>
</tr>
<tr style="height: 25.5pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 18%; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 12%; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Total</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1%; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 12%; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Current</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 12%; border-bottom: 1px solid #000000; border-top: 0.5pt solid #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">less than 30 days</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 11%; border-bottom: 1px solid #000000; border-top: 0.5pt solid #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">31-60 days</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 11%; border-bottom: 1px solid #000000; border-top: 0.5pt solid #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">61-90 days</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 11%; border-bottom: 1px solid #000000; border-top: 0.5pt solid #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">91-180 days</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 12%; border-bottom: 1px solid #000000; border-top: 0.5pt solid #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">more than 180 days</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">12/31/2021</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">185,278</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,514</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">6,410</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">8,697</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">6,255</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">9,892</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">152,510</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">12/31/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">197,011</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">22,872</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">785</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,812</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,397</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">14,684</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">154,461</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Movements in the allowance for </font><font style="font-family: 'Times New Roman';">loss allowance for expected credit losses</font><font style="font-family: 'Times New Roman';"> are as follows:</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 153px; width: 100%;" width="100%">

<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 84%; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Balance as of December 31, 2019</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 15%; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 156,006</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Additions</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 74,745</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Reversals</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(29,791)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Write-offs</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(3,949)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Balance as of December 31, 2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top: 0.5pt solid #000000 !important; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 197,011</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Additions</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 65,536</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Reversals</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(68,982)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Write-offs</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(8,287)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Balance as of December 31, 2021</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top: 0.5pt solid #000000 !important; background-color: #cceeff; height: 17px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 185,278</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">For </font><font style="font-family: 'Times New Roman';">more</font><font style="font-family: 'Times New Roman';"> information about the allowance for </font><font style="font-family: 'Times New Roman';">loss allowance for expected credit losses</font><font style="font-family: 'Times New Roman';"> see Note </font><font style="font-family: 'Times New Roman';">34</font><font style="font-family: 'Times New Roman';">.d.3.</font></font></p>
</div>
</div>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';"><br></font></font></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>41</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
</div>
</div><div style="font-family: 'times new roman', times; font-size: 10pt;">
<div>
<div style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">
<div style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff;">
<div style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff;">
<div style="width: 8.5in; margin: 0 auto;">
<div>
<div style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">
<div style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff;">
<div style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff;">
<p style="margin: 2pt 0px 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
</div>
<div style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff;">
<div style="clear: both;">
<p style="margin: 0pt 0px; text-align: justify; font-size: 5pt;"><font style="font-family: 'Times New Roman'; font-size: 5pt;">&nbsp;</font></p>
<div style="margin: 0pt 0px; text-align: justify; font-size: 11pt;"><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">Notes to the Parent</font><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">&#8217;s Separate</font><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';"><font>&nbsp;</font>and Consolidated Financial<font>&nbsp;</font></font><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">Statements</font></div>
<p style="margin: 0pt 0px; text-align: justify; font-size: 5pt;"><font style="font-family: 'Times New Roman'; font-size: 5pt;">&nbsp;</font></p>
<p style="margin: 0pt 0px; text-align: justify; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-size: 10pt;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
</div>
</div>
</div>
</div>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"><br></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">7</font><font style="font-family: 'Times New Roman'; font-weight: bold;">. Inventories</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> (Consolidated)</font></font><br></p>
</div>
<div>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">&nbsp;</font><font style="font-family: 'Times New Roman';">The composition of i</font><font style="font-family: 'Times New Roman';">nventories </font><font style="font-family: 'Times New Roman';">is</font><font style="font-family: 'Times New Roman';"> as follows:</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 184px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td colspan="5" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2021</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td colspan="5" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2020</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 35%; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Cost</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1%; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Provision for losses</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1%; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Net balance</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1%; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Cost</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1%; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Provision for losses</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1%; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Net balance</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Fuels, lubricants and greases</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,042,932</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(4,871)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,038,061</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,682,841</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(5,344)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,677,497</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Finished goods</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">646,180</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(22,281)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">623,899</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Work in process</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,450</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,450</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Raw materials</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">293,242</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">293,242</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">568,185</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,827)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">566,358</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Liquefied petroleum gas (LPG)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">151,831</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(5,761)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">146,070</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">110,767</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(5,761)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">105,006</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Consumable materials and other items for resale</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">117,150</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,875)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">115,275</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">129,559</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2,598)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">126,961</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Pharmaceutical, hygiene, and beauty products</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">521,689</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2,611)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">519,078</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Purchase for future delivery <font style="font-size: 8pt;"><sup>(1)</sup></font></font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">302,456</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(464)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">301,992</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">198,986</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(464)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">198,522</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Properties for resale</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">24,239</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(107)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">24,132</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">27,532</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(107)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">27,425</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,931,850</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(13,078)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,918,772</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,887,189</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(40,993)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,846,196</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-size: 8pt;"><sub><font style="font-family: 'Times New Roman'; vertical-align: super;">(1)</font></sub><font style="font-family: 'Times New Roman';"> Refers </font><font style="font-family: 'Times New Roman';">substantially </font><font style="font-family: 'Times New Roman';">to </font><font style="font-family: 'Times New Roman';">ethanol, biodiesel</font><font style="font-family: 'Times New Roman';"> and advances for fuel acquisition.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Movements in the provision for losses are as follows:</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%;" width="100%">

<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 90%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Balance as of December 31, 2019</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">40,724</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Addition to net realizable value adjustment</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,245</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Reversal of obsolescence and other losses</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,976)</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Balance as of December 31, 2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">40,993</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Addition to net realizable value adjustment</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,974</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Reversal of obsolescence and other losses</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(5,184)</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Reclassification to assets held for sale</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(28,705)</font></p>
</td>
</tr>
<tr style="height: 13.5pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Balance as of December 31, 2021</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">13,078</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">The breakdown of provisions for losses related to inventories is shown in the table below:</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 61px;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 79%; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10%; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2021</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1%; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10%; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2020</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Net realizable value adjustment</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">8,269</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">17,488</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Obsolescence and other losses</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,809</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">23,505</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Total</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; border-bottom: 2.8pt double #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">13,078</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; border-bottom: 2.8pt double #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">40,993</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><br></p>
</div>
</div>
</div>
</div>
</div>
</div>
<div>
<div>
<table style="width: 100%; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt;" cellpadding="0">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>42</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><font style="font-size: 10pt;"><a href="#TOC">Table of Contents</a></font></div>
</div>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';"><br></font></font></p>
<div style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff;">
<p style="margin: 2pt 0px 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
</div>
<div style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff;">
<div style="clear: both;">
<p style="margin: 0pt 0px; text-align: justify; font-size: 5pt;"><font style="font-family: 'Times New Roman'; font-size: 5pt;">&nbsp;</font></p>
<div style="margin: 0pt 0px; text-align: justify; font-size: 11pt;"><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">Notes to the Parent</font><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">&#8217;s Separate</font><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';"><font>&nbsp;</font>and Consolidated Financial<font>&nbsp;</font></font><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">Statements</font></div>
<p style="margin: 0pt 0px; text-align: justify; font-size: 5pt;"><font style="font-family: 'Times New Roman'; font-size: 5pt;">&nbsp;</font></p>
<p style="margin: 0pt 0px; text-align: justify; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-size: 10pt;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
</div>
</div>
<h1 style="margin: 12pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">8</font><font style="font-family: 'Times New Roman'; font-weight: bold;">. Taxes</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> to </font><font style="font-family: 'Times New Roman'; font-weight: bold;">r</font><font style="font-family: 'Times New Roman'; font-weight: bold;">ecover</font></font></h1>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">a. Recoverable </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">t</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">axes</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;"> (Consolidated)</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Recoverable taxes are substantially represented by credits of </font><font style="font-family: 'Times New Roman';">Tax on Goods and Services (&#8220;ICMS&#8221;, the Brazilian VAT)</font><font style="font-family: 'Times New Roman';">, </font><font style="font-family: 'Times New Roman';">Contribution </font><font style="font-family: 'Times New Roman';">for Social Security Financing (</font><font style="font-family: 'Times New Roman';">&#8220;</font><font style="font-family: 'Times New Roman';">COFINS</font><font style="font-family: 'Times New Roman';">&#8221;</font><font style="font-family: 'Times New Roman';">)</font><font style="font-family: 'Times New Roman';"> and</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">Social Integration</font><font style="font-family: 'Times New Roman';"> Program (</font><font style="font-family: 'Times New Roman';">&#8220;</font><font style="font-family: 'Times New Roman';">PIS</font><font style="font-family: 'Times New Roman';">&#8221;</font><font style="font-family: 'Times New Roman';">).</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%;" width="100%">

<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 79%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2021</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2020</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">ICMS (a.1)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 893,206</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 1,129,325</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">PIS and COFINS (a.2) (a.3)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 1,177,513</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 1,297,029</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Value-added tax (IVA) of foreign subsidiaries </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 179</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 35,600</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Others</font></p>
</td>
<td style="border-bottom: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 37,127</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 57,704</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Total</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 2,108,025</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 2,519,658</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Current</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 1,061,227</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 1,044,850</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Non-current</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 1,046,798</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 1,474,808</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">a.1</font><font style="font-family: 'Times New Roman';"> The </font><font style="font-family: 'Times New Roman';">recoverable </font><font style="font-family: 'Times New Roman';">ICMS</font><font style="font-family: 'Times New Roman';"> net of provision for losses</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">is substantially related to the following subsidiaries and operations:</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table style="width: 100%; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td style="vertical-align: top; width: 3%; padding: 1px 1px 15px;" valign="top"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 8pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -18.9333px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(i)&nbsp;</font></td>
<td style="vertical-align: top; width: 97%; padding: 1px 1px 15px;" valign="top"><font style="font-size: 8pt;"><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -18.9333px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">The subsidiaries Oxiteno&nbsp;</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -18.9333px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">S.A.</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -18.9333px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">, Empresa Carioca de Produtos Qu&#237;micos S.A. (&#8220;EMCA&#8221;) and Oleoqu&#237;mica Ind&#250;stria e Com&#233;rcio de Produtos Qu&#237;micos Ltda. (&#8220;Oleoqu&#237;mica&#8221;)&nbsp;</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -18.9333px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">had&nbsp;</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -18.9333px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">credits</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -18.9333px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">&nbsp;in the amount of R$ R$ 195,037 as of December 31, 2020</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -18.9333px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">&nbsp;once&nbsp;</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -18.9333px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">predominantly carried out export operations, interstate outflow or deferred ICMS of products purchased within the State of Bahia.&nbsp;</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -18.9333px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">As of</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -18.9333px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">&nbsp;December 31, 2021, the amount of R$&nbsp;</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -18.9333px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">299,727</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -18.9333px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">&nbsp;was reclassified to assets held for sale</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -18.9333px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">.</font></font></td>
</tr>
<tr>
<td style="vertical-align: top; padding: 1px 1px 15px;" valign="top"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 8pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -18.9333px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(ii)</font></td>
<td style="vertical-align: top; padding: 1px 1px 15px;" valign="top"><font style="font-size: 8pt;">The subsidiaries IPP, Bahiana Distribuidora de G&#225;s Ltda. (&#8220;Bahiana&#8221;), Cia. Ultragaz, AMPM and Iconic Lubrificantes S.A. (&#8220;Iconic&#8221;) have credits in the amount of R$ 893,206 (R$ 754,882 as of December 31, 2020) recognized, mainly, of the following nature: a) transactions of inputs and outputs of products subject to taxation of the own ICMS; b) interstate outflows of oil-related products, whose ICMS was prepaid by the supplier (Petr&#243;leo Brasileiro S.A. (&#8220;Petrobras&#8221;)), in the case of the subsidiaries IPP, Bahiana and Cia. Ultragaz and c) credits for refunds of the ICMS-ST (tax substitution) overpaid when the estimated calculation base is used higher than the actual operation practiced by the subsidiary IPP.</font></td>
</tr>
<tr>
<td style="vertical-align: top;" valign="top"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 8pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -18.9333px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(iii)&nbsp;</font></td>
<td style="vertical-align: top;" valign="top"><font style="font-size: 8pt;">The subsidiary Extrafarma had ICMS credits and ICMS-ST (tax substitution) advances in the amount of R$ R$ 179,405 as of December 31, 2020, on the inflow and outflow of operations carried out by its distribution centers, mostly in the North and Northeast, as well as refunds of the ICMS-ST portion overpaid when the estimated calculation base is used higher than the actual operation. As of December 31, 2021, the amount of R$ 19,015, net of provision for impairment of assets, was reclassified to assets held for sale.</font></td>
</tr>

</table>
<p style="margin: 0pt 0pt 0pt 14.2pt; text-align: justify; text-indent: -14.2pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The amounts of recoverable ICMS </font><font style="font-family: 'Times New Roman';">are realized</font><font style="font-family: 'Times New Roman';"> by the </font><font style="font-family: 'Times New Roman';">taxed </font><font style="font-family: 'Times New Roman';">operations itself, being a revolving credit, which means that the credits are monthly offset with the tax payable on sales and new credits are generated by the acquisition of inputs, as well as by the State's refund on tax substitution operations. Management estimates the realization of the credits classified in non-current assets within an average term of up to </font><font style="font-family: 'Times New Roman';">5</font><font style="font-family: 'Times New Roman';"> years.</font></font></p>
</div>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"><br></font></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>43</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><font style="font-size: 10pt;"><a href="#TOC">Table of Contents</a></font></div>
</div>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';"><br></font></font></p>
<div style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff;">
<div style="width: 8.5in; margin: 0 auto;">
<div style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff;">
<p style="margin: 2pt 0px 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
</div>
<div style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff;">
<div style="clear: both;">
<p style="margin: 0pt 0px; text-align: justify; font-size: 5pt;"><font style="font-family: 'Times New Roman'; font-size: 5pt;">&nbsp;</font></p>
<div style="margin: 0pt 0px; text-align: justify; font-size: 11pt;"><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">Notes to the Parent</font><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">&#8217;s Separate</font><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';"><font>&nbsp;</font>and Consolidated Financial<font>&nbsp;</font></font><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">Statements</font></div>
<p style="margin: 0pt 0px; text-align: justify; font-size: 5pt;"><font style="font-family: 'Times New Roman'; font-size: 5pt;">&nbsp;</font></p>
<p style="margin: 0pt 0px; text-align: justify; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-size: 10pt;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
</div>
</div>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">The estimated recovery of ICMS assets is stated as follows:</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%;" width="100%">

<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 90%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Up to 1 year </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 388,041</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">From 1 to 2 years</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 212,742</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">From 2 to 3 years</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 210,065</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">From 3 to 5 years</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 82,358</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Total of recoverable ICMS, net of provision</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 893,206</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The provision for ICMS losses, in the amount of R$ </font><font style="font-family: 'Times New Roman';">48,502</font><font style="font-family: 'Times New Roman';"> (R$ 52,338 as of December 31, 2020), relates to tax credits of the subsidiaries whose amounts are not included within the term determined by its policy</font><font style="font-family: 'Times New Roman';">.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">a.2</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">The recoverable PIS and COFINS is substantially related to:</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt 0pt 0pt 14.2pt; text-align: justify; text-indent: -14.2pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">(i) </font><font style="font-family: 'Times New Roman';">The balance of PIS and COFINS </font><font style="font-family: 'Times New Roman';">includes</font><font style="font-family: 'Times New Roman';"> credits recorded under Laws 10,637/2002 and 10,833/2003 in the amount of </font><font style="font-family: 'Times New Roman';">R$ </font><font style="font-family: 'Times New Roman';">607,373</font><font style="font-family: 'Times New Roman';"> (</font><font style="font-family: 'Times New Roman';">R$ 651,051 as of December 31, 2020), whose consumption will occur through the offset of debts administered by the Brazilian Federal Revenue Service (&#8220;RFB&#8221;) in an estimated term of</font><font style="font-family: 'Times New Roman';"> up to</font><font style="font-family: 'Times New Roman';"> 2 years by management.</font><font style="font-family: 'Times New Roman';"> As of </font><font style="font-family: 'Times New Roman';">December 31, 2021, the amount of R$</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">93,108 was reclassified to assets held for sale, as</font><font style="font-family: 'Times New Roman';"> per</font><font style="font-family: 'Times New Roman';"> Note 3.a.</font><font style="font-family: 'Times New Roman';"> </font></font></p>
<p style="margin: 0pt 0pt 0pt 14.2pt; text-align: justify; text-indent: -14.2pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt 0pt 0pt 14.2pt; text-align: justify; text-indent: -14.2pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">(ii) </font><font style="font-family: 'Times New Roman';">The subsidiaries </font><font style="font-family: 'Times New Roman';">I</font><font style="font-family: 'Times New Roman';">PP</font><font style="font-family: 'Times New Roman';">, </font><font style="font-family: 'Times New Roman';">Tropical Transportes Ipiranga Ltda (&#8220;Tropical&#8221;), </font><font style="font-family: 'Times New Roman';">AMPM, Iconic</font><font style="font-family: 'Times New Roman';"> and </font><font style="font-family: 'Times New Roman';">Ultragaz</font><font style="font-family: 'Times New Roman';"> have credits in the amount of R$ </font><font style="font-family: 'Times New Roman';">570,140</font><font style="font-family: 'Times New Roman';"> (R</font><font style="font-family: 'Times New Roman';">$ 645,978 as of December 31, 2020) resulting from a favorab</font><font style="font-family: 'Times New Roman';">le decision on the exclusion of</font><font style="font-family: 'Times New Roman';"> ICMS from the calculation basis of PIS and COFINS (see item a.3 below). </font><font style="font-family: 'Times New Roman';">The</font><font style="font-family: 'Times New Roman';"> management estimates the realization of these credits within up to </font><font style="font-family: 'Times New Roman';">3</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">years.</font><font style="font-family: 'Times New Roman';"> As of </font><font style="font-family: 'Times New Roman';">December 31, 2021, the amount of R$</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">275</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">813</font><font style="font-family: 'Times New Roman';"> was reclassified to assets held for sale, as</font><font style="font-family: 'Times New Roman';"> per</font><font style="font-family: 'Times New Roman';"> Note 3.</font><font style="font-family: 'Times New Roman';">c.1</font><font style="font-family: 'Times New Roman';">.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The credit balance of PIS and C</font><font style="font-family: 'Times New Roman';">OFINS</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">is</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">realized</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">through the settlement</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">of </font><font style="font-family: 'Times New Roman';">own debts in subsequent months or with other debts managed by the </font><font style="font-family: 'Times New Roman';">Receita Federal</font><font style="font-family: 'Times New Roman';"> and social security for cases that the l</font><font style="font-family: 'Times New Roman';">aw</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">allows</font><font style="font-family: 'Times New Roman';">.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The estimated recovery of </font><font style="font-family: 'Times New Roman';">PIS and COFINS</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">credits</font><font style="font-family: 'Times New Roman';"> is stated as follows:</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%;" width="100%">

<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 90%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Up to 1 year </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 635,880</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">From 1 to 2 years</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 523,558</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">From 2 to 3 years</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 18,075</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Total of recoverable PIS and COFINS</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 1,177,513</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">a.3</font><font style="font-family: 'Times New Roman';"> On March 15, 2017, due to general repercussions, the STF decided that ICMS does not compose the basis for calculating PIS and COFINS. </font><font style="font-family: 'Times New Roman';">After filing the Union's Embargoes for Clarification, the STF definitively ruled </font><font style="font-family: 'Times New Roman';">about</font><font style="font-family: 'Times New Roman';"> the thesis on May 13, 2021, reaffirming the exclusion of the </font><font style="font-family: 'Times New Roman';">highlighted</font><font style="font-family: 'Times New Roman';"> ICMS from the PIS and COFINS calculation basis and modulating the effects of the decision for the </font><font style="font-family: 'Times New Roman';">lawsuits</font><font style="font-family: 'Times New Roman';"> filed after March 15, 2017. Certain subsidiaries</font><font style="font-family: 'Times New Roman';"> have credits </font><font style="font-family: 'Times New Roman';">originated</font><font style="font-family: 'Times New Roman';"> from </font><font style="font-family: 'Times New Roman';">favorable </font><font style="font-family: 'Times New Roman';">decisions on the exclusion of ICMS from the PIS and COFINS calculation base, having been the respective subsidies to prove the amounts to be refunded </font><font style="font-family: 'Times New Roman';">properly</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">confirmed by management and recorded in results, up to the present year of 2021, the amount of R$ </font><font style="font-family: 'Times New Roman';">569,212</font><font style="font-family: 'Times New Roman';">, of which R$ </font><font style="font-family: 'Times New Roman';">279,598</font><font style="font-family: 'Times New Roman';"> of principal and R$ </font><font style="font-family: 'Times New Roman';">289,614</font><font style="font-family: 'Times New Roman';"> of monetary variation (R$ </font><font style="font-family: 'Times New Roman';">154</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">225</font><font style="font-family: 'Times New Roman';">, of which R$ </font><font style="font-family: 'Times New Roman';">66</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">415</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">of principal and R$ </font><font style="font-family: 'Times New Roman';">87</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">810</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">of monetary variation up to 2020</font><font style="font-family: 'Times New Roman';"> &#8211; restated</font><font style="font-family: 'Times New Roman';">).</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">As of December 31, 2021, the amount of R$</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">5</font><font style="font-family: 'Times New Roman';">98,216</font><font style="font-family: 'Times New Roman';"> was reclassified to </font><font style="font-family: 'Times New Roman';">profit (loss) </font><font style="font-family: 'Times New Roman';">from discontinued operations.</font></font></p>
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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>44</font></font></td>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><font style="font-size: 10pt;"><a href="#TOC">Table of Contents</a></font></div>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';"><br></font></font></p>
<div style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">
<div style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff;">
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<div style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">
<div style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff;">
<p style="margin: 2pt 0px 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
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<div style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff;">
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<p style="margin: 0pt 0px; text-align: justify; font-size: 5pt;"><font style="font-family: 'Times New Roman'; font-size: 5pt;">&nbsp;</font></p>
<div style="margin: 0pt 0px; text-align: justify; font-size: 11pt;"><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">Notes to the Parent</font><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">&#8217;s Separate</font><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';"><font>&nbsp;</font>and Consolidated Financial<font>&nbsp;</font></font><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">Statements</font></div>
<p style="margin: 0pt 0px; text-align: justify; font-size: 5pt;"><font style="font-family: 'Times New Roman'; font-size: 5pt;">&nbsp;</font></p>
<p style="margin: 0pt 0px; text-align: justify; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-size: 10pt;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
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<p style="margin: 0pt; text-align: justify;"><br></p>
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold;">b. Recoverable income tax and social contribution taxes</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Relates to IRPJ and CSLL to be recovered by the Company and its subsidiaries</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> arising from the tax advances of previous </font><font style="font-family: 'Times New Roman';">years</font><font style="font-family: 'Times New Roman';">, </font><font style="font-family: 'Times New Roman';">as well as referring to lawsuits the non-</font><font style="font-family: 'Times New Roman';">incidence</font><font style="font-family: 'Times New Roman';"> of IRPJ and CSLL on the monetary </font><font style="font-family: 'Times New Roman';">variation</font><font style="font-family: 'Times New Roman';"> (SELIC) in the repetition of undue payments (see note </font><font style="font-family: 'Times New Roman';">10</font><font style="font-family: 'Times New Roman';">.e),</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">with management estimating the realization of these credits within up </font><font style="font-family: 'Times New Roman';">to 5</font><font style="font-family: 'Times New Roman';"> years.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Parent</font></p>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Consolidated</font></p>
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 57%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2021</font></p>
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2020</font></p>
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2021</font></p>
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2020</font></p>
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<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">IRPJ and CSLL</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">79,982</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">87,359</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">447,191</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">627,285</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Current</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">56,499</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">47,913</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">291,833</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">366,080</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Non-current</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">23,483</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">39,446</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">155,358</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">261,205</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">9</font><font style="font-family: 'Times New Roman'; font-weight: bold;">. Related </font><font style="font-family: 'Times New Roman'; font-weight: bold;">p</font><font style="font-family: 'Times New Roman'; font-weight: bold;">arties</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold;">a. Related parties</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The balances and transactions </font><font style="font-family: 'Times New Roman';">of</font><font style="font-family: 'Times New Roman';"> the Company and its related parties are disclosed below:</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold;">a.1 Parent</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 223px;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Assets</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Liabilities</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 46%; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Debentures</font></p>
</td>
<td style="vertical-align: bottom; width: 1%; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Other receivables</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Related parties</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Other payables</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Financial income</font></p>
</td>
</tr>
<tr style="height: 22px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 22px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ipiranga Produtos de Petr&#243;leo S.A.</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 22px;">
<p style="margin: 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';"> 406,787</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman'; vertical-align: super;">(1)</font></font></p>
</td>
<td style="vertical-align: bottom; background-color: #cceeff; height: 22px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 22px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 71,585</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 22px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 22px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 22px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 22px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 1,085</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 22px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 22px;">
<p style="margin: 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';"> 21,954</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman'; vertical-align: super;">(1)</font></font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Cia Ultragaz S.A.</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp; </font></p>
</td>
<td style="vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 11,060</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 6,799</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp; </font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Imifarma Produtos Farmac&#234;uticos e Cosm&#233;ticos S.A.</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp; </font></p>
</td>
<td style="vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 7,025</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 4,674</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 404</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp; </font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Oxiteno S.A. Ind&#250;stria e Com&#233;rcio</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp; </font></p>
</td>
<td style="vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 3,787</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 2</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp; </font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultracargo Log&#237;stica S.A.</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp; </font></p>
</td>
<td style="vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 2,798</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp; </font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ea&#237; Clube Automobilista S.A. </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp; </font></p>
</td>
<td style="vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 200</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp; </font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">UVC Investimentos Ltda </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp; </font></p>
</td>
<td style="vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 21</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp; </font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">am/pm Comest&#237;veis Ltda.</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp; </font></p>
</td>
<td style="vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 146</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp; </font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Iconic Lubrificantes S/A</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp; </font></p>
</td>
<td style="vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 11</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp; </font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">SERMA - Ass. dos usu&#225;rios equip. proc. de dados</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp; </font></p>
</td>
<td style="vertical-align: bottom; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 293</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 322</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp; </font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Others</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom: 1px solid #000000; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp; </font></p>
</td>
<td style="vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom: 1px solid #000000; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom: 1px solid #000000; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom: 1px solid #000000; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 1</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom: 1px solid #000000; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp; </font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Total as of December 31, 2021</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 406,787</font></p>
</td>
<td style="vertical-align: bottom; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 96,926</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 4,674</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 8,613</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 21,954</font></p>
</td>
</tr>

</table>
<p><br></p>
</div>
</div>
</div>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>45</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><font style="font-size: 10pt;"><a href="#TOC">Table of Contents</a></font></div>
</div>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';"><br></font></font></p>
<div style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff;">
<div style="width: 8.5in; margin: 0 auto;">
<div style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff;">
<p style="margin: 2pt 0px 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
</div>
<div style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff;">
<div style="clear: both;">
<p style="margin: 0pt 0px; text-align: justify; font-size: 5pt;"><font style="font-family: 'Times New Roman'; font-size: 5pt;">&nbsp;</font></p>
<div style="margin: 0pt 0px; text-align: justify; font-size: 11pt;"><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">Notes to the Parent</font><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">&#8217;s Separate</font><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';"><font>&nbsp;</font>and Consolidated Financial<font>&nbsp;</font></font><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">Statements</font></div>
<p style="margin: 0pt 0px; text-align: justify; font-size: 5pt;"><font style="font-family: 'Times New Roman'; font-size: 5pt;">&nbsp;</font></p>
<p style="margin: 0pt 0px; text-align: justify; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-size: 10pt;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
<p style="margin: 0pt 0px; text-align: justify; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-size: 10pt;"><br></font></p>
</div>
</div>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 210px;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Assets</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Liabilities</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 46%; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Debentures</font></p>
</td>
<td style="vertical-align: bottom; width: 1%; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Other receivables</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1%; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Related parties</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1%; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Other payables</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1%; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Financial income</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ipiranga Produtos de Petr&#243;leo S.A.</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">753</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">459 </font><font style="font-family: 'Times New Roman'; vertical-align: super;">(2)</font></font></p>
</td>
<td style="vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 15,545</font></p>
</td>
<td style="vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp; </font></p>
</td>
<td style="vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp; </font></p>
</td>
<td style="vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">23</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">812 </font><font style="font-family: 'Times New Roman'; vertical-align: super;">(2)</font></font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Cia Ultragaz S.A.</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp; </font></p>
</td>
<td style="vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 10,147</font></p>
</td>
<td style="vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp; </font></p>
</td>
<td style="vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 8,469</font></p>
</td>
<td style="vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp; </font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">SERMA - Ass. dos usu&#225;rios equip. proc. de dados</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp; </font></p>
</td>
<td style="vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 9,635</font></p>
</td>
<td style="vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp; </font></p>
</td>
<td style="vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp; </font></p>
</td>
<td style="vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp; </font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Imifarma Produtos Farmac&#234;uticos e Cosm&#233;ticos S.A.</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp; </font></p>
</td>
<td style="vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 3,785</font></p>
</td>
<td style="vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 5,272</font></p>
</td>
<td style="vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 142</font></p>
</td>
<td style="vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp; </font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Oxiteno S.A. Ind&#250;stria e Com&#233;rcio</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp; </font></p>
</td>
<td style="vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 4,476</font></p>
</td>
<td style="vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp; </font></p>
</td>
<td style="vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 548</font></p>
</td>
<td style="vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp; </font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Centro de Conveni&#234;ncias Millennium Ltda.</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp; </font></p>
</td>
<td style="vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 3,700</font></p>
</td>
<td style="vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp; </font></p>
</td>
<td style="vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp; </font></p>
</td>
<td style="vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp; </font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultracargo Log&#237;stica S.A.</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp; </font></p>
</td>
<td style="vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 1,695</font></p>
</td>
<td style="vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp; </font></p>
</td>
<td style="vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 277</font></p>
</td>
<td style="vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp; </font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Bahiana Distribuidora de G&#225;s Ltda.</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp; </font></p>
</td>
<td style="vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 831</font></p>
</td>
<td style="vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp; </font></p>
</td>
<td style="vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp; </font></p>
</td>
<td style="vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp; </font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">UVC Investimentos Ltda </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp; </font></p>
</td>
<td style="vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 69</font></p>
</td>
<td style="vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp; </font></p>
</td>
<td style="vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp; </font></p>
</td>
<td style="vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp; </font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ea&#237; Clube Automobilista S.A. </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp; </font></p>
</td>
<td style="vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp; </font></p>
</td>
<td style="vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp; </font></p>
</td>
<td style="vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 35</font></p>
</td>
<td style="vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp; </font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">am/pm Comest&#237;veis Ltda.</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp; </font></p>
</td>
<td style="vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 13</font></p>
</td>
<td style="vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp; </font></p>
</td>
<td style="vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp; </font></p>
</td>
<td style="vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp; </font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Total as of December 31, 2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 753,459</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 49,896</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 5,272</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 9,471</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 23,812</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; vertical-align: super;">&nbsp;</font></p>
<table style="width: 100%; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td style="vertical-align: top; width: 3%; padding: 1px 1px 15px;" valign="top"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 8pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(1)&nbsp;</font></td>
<td style="vertical-align: top; width: 97%; padding: 1px 1px 15px;" valign="top"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 8pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">In March 2021 the subsidiary IPP made &#8203;&#8203;its nineth private offering in one single series of 400,000 debentures at face value of R$ 1,000.00 (thousand Brazilian Reais) each, nonconvertible into shares, unsecured, with maturity on March 31, 2024 and semiannual interest linked to DI being subscribed the total by the Company.</font></td>
</tr>
<tr>
<td style="vertical-align: top;" valign="top"><font style="font-size: 8pt;"><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">(</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">2</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">)</font></font></td>
<td style="vertical-align: top;" valign="top"><font style="font-size: 8pt;"><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">In March 2016 the subsidiary IPP made&nbsp;&#8203;&#8203;its&nbsp;second private offering in one single series of 75 debentures at face value of R$ 10,000,000.00 (ten million Brazilian&nbsp;Reais) each, nonconvertible into shares and unsecured, with maturity on March 31, 2021 and semiannual interest linked to DI being subscribed the total by the Company.</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">&nbsp;The debentures were paid off on the maturity date.</font></font></td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><br></p>
</div>
</div>
<div>
<div>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>46</font></font></td>
</tr>

</table>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><font style="font-size: 10pt;"><a href="#TOC">Table of Contents</a></font></div>
</div>
</div>
</div>
<div style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';"><br></font></font></p>
<div style="width: 8.5in; margin: 0 auto;">
<div style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">
<p style="margin: 2pt 0px 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
</div>
<div style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">
<div style="clear: both;">
<p style="margin: 0pt 0px; text-align: justify; font-size: 5pt;"><font style="font-family: 'Times New Roman'; font-size: 5pt;">&nbsp;</font></p>
<div style="margin: 0pt 0px; text-align: justify; font-size: 11pt;"><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">Notes to the Parent</font><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">&#8217;s Separate</font><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';"><font>&nbsp;</font>and Consolidated Financial<font>&nbsp;</font></font><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">Statements</font></div>
<p style="margin: 0pt 0px; text-align: justify; font-size: 5pt;"><font style="font-family: 'Times New Roman'; font-size: 5pt;">&nbsp;</font></p>
<p style="margin: 0pt 0px; text-align: justify; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-size: 10pt;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
</div>
</div>
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold;">a.2 Consolidated</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Balances and transactions between the Company and its subsidiaries have been eliminated in consolidation and are not disclosed in this note. The balances and transactions between the Company and its subsidiaries with other related parties are disclosed below:</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Loans</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 79%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Assets</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Liabilities</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Qu&#237;mica da Bahia Ind&#250;stria e Com&#233;rcio S.A. </font><font style="font-family: 'Times New Roman'; vertical-align: super;">(1)</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,875</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Others </font><font style="font-family: 'Times New Roman'; vertical-align: super;">(1)</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">490</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">659</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Total as of December 31, 2021</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">490</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,534</font></p>
</td>
</tr>

</table>
<p style="font-size: 11pt; line-height: 115%; margin: 2pt 0pt 10pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Loans</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 79%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Assets</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Liabilities</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Qu&#237;mica da Bahia Ind&#250;stria e Com&#233;rcio S.A. </font><font style="font-family: 'Times New Roman'; vertical-align: super;">(1)</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,875</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Routeasy Servi&#231;os de Assessoria Log&#237;stica Ltda. </font><font style="font-family: 'Times New Roman'; vertical-align: super;">(2)</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,334</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Others </font><font style="font-family: 'Times New Roman'; vertical-align: super;">(1)</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">490</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">836</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Total as of December 31, 2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,824</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,711</font></p>
</td>
</tr>

</table>
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table style="width: 100%; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td style="vertical-align: top; width: 3%; padding: 1px 1px 15px;" valign="top"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 8pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(1)</font></td>
<td style="vertical-align: top; width: 97%; padding: 1px 1px 15px;" valign="top"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 8pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Loans contracted have indefinite terms and do not contain remuneration clauses.</font></td>
</tr>
<tr>
<td style="vertical-align: top;" valign="top"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 8pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -18.9333px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(2)</font></td>
<td style="vertical-align: top;" valign="top"><font style="font-size: 8pt;"><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -18.9333px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">The loan contracted ha</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -18.9333px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">s</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -18.9333px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">&nbsp;a term of 36 months</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -18.9333px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">,</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -18.9333px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">&nbsp;can be extended by mutual agreement between the parties</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -18.9333px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">,</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -18.9333px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">&nbsp;being remunerated by the DI plus 3% p.a.</font></font></td>
</tr>

</table>
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</div>
</div>
</div>
<div>
<div>
<div>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>47</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><font style="font-size: 10pt;"><a href="#TOC">Table of Contents</a></font></div>
</div>
</div>
</div>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';"><br></font></font></p>
<div style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">
<div style="width: 8.5in; margin: 0 auto;">
<div style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">
<p style="margin: 2pt 0px 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
</div>
<div style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">
<div style="clear: both;">
<p style="margin: 0pt 0px; text-align: justify; font-size: 5pt;"><font style="font-family: 'Times New Roman'; font-size: 5pt;">&nbsp;</font></p>
<div style="margin: 0pt 0px; text-align: justify; font-size: 11pt;"><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">Notes to the Parent</font><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">&#8217;s Separate</font><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';"><font>&nbsp;</font>and Consolidated Financial<font>&nbsp;</font></font><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">Statements</font></div>
<p style="margin: 0pt 0px; text-align: justify; font-size: 5pt;"><font style="font-family: 'Times New Roman'; font-size: 5pt;">&nbsp;</font></p>
<p style="margin: 0pt 0px; text-align: justify; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-size: 10pt;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
</div>
</div>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 5.3pt; font-family: 'times new roman'; font-size: 10pt; height: 215px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td colspan="7" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Commercial transactions</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 57%; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Receivables</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Payables</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Sales and services</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Purchases</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Refinaria de Petr&#243;leo Riograndense S.A. </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 90,761</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 619,785</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Uni&#227;o Vopak Armaz&#233;ns Gerais Ltda.</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 57</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 1,402</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp; </font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Chevron (Thailand) Limited</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 204</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 675</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 1,072</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Chevron Lubricants Lanka PLC</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 164</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp; </font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Chevron Lubricants Oils S.A.</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 319</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 786</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp; </font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Chevron Marine Products</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 3,663</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 24,583</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp; </font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Chevron Oronite Brasil LTDA.</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 53,378</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 78</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 150,878</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Chevron Products Company</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 158,557</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 789,452</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Chevron Belgium NV</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 821</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 7,520</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Chevron Petroleum CO Colombia</font><font style="font-family: 'Times New Roman';">&nbsp;</font><font style="font-family: 'Times New Roman';">&nbsp;</font><font style="font-family: 'Times New Roman';">&nbsp;</font><font style="font-family: 'Times New Roman';">&nbsp;</font><font style="font-family: 'Times New Roman';">&nbsp;</font><font style="font-family: 'Times New Roman';">&nbsp;</font><font style="font-family: 'Times New Roman';">&nbsp;</font><font style="font-family: 'Times New Roman';">&nbsp;</font><font style="font-family: 'Times New Roman';">&nbsp;</font><font style="font-family: 'Times New Roman';">&nbsp;</font><font style="font-family: 'Times New Roman';"> </font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 214</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 392</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp; </font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Total as of December 31, 2021</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 4,457</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 303,517</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 28,080</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 1,568,707</font></p>
</td>
</tr>

</table>
<p style="margin: 2pt 0pt 0pt 14.2pt; text-align: justify; text-indent: -14.2pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</div>
</div>
<div>
<div>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>48</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><font style="font-size: 10pt;"><a href="#TOC">Table of Contents</a></font></div>
</div>
</div>
<div style="width: 8.5in; margin: 0 auto;">
<div>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';"><br></font></font></p>
<div>
<div style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">
<p style="margin: 2pt 0px 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
</div>
<div style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">
<div style="clear: both;">
<p style="margin: 0pt 0px; text-align: justify; font-size: 5pt;"><font style="font-family: 'Times New Roman'; font-size: 5pt;">&nbsp;</font></p>
<div style="margin: 0pt 0px; text-align: justify; font-size: 11pt;"><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">Notes to the Parent</font><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">&#8217;s Separate</font><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';"><font>&nbsp;</font>and Consolidated Financial<font>&nbsp;</font></font><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">Statements</font></div>
<p style="margin: 0pt 0px; text-align: justify; font-size: 5pt;"><font style="font-family: 'Times New Roman'; font-size: 5pt;">&nbsp;</font></p>
<p style="margin: 0pt 0px; text-align: justify; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-size: 10pt;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
</div>
</div>
</div>
</div>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 5.3pt; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 276px;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td colspan="13" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Commercial transactions</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 24%; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Receivables</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1%; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Right-of-use assets </font><font style="font-family: 'Times New Roman'; font-weight: bold; vertical-align: super;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-weight: bold; vertical-align: super;">(1)</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1%; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Payables</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1%; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Leases payable </font><font style="font-family: 'Times New Roman'; font-weight: bold; vertical-align: super;">(1)</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1%; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Sales and services</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1%; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Purchases</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1%; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Expenses</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Oxicap Ind&#250;stria de Gases Ltda.</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 1,772</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 471</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 19,077</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Refinaria de Petr&#243;leo Riograndense S.A.</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 65,215</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 314,587</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">ConectCar Solu&#231;&#245;es de Mobilidade Eletr&#244;nica S.A.</font></p>
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 151</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 104</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 3,062</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 154</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 8,635</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 8,044</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 1,613</font></p>
</td>
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Chevron (Thailand) Limited</font></p>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 166</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp; </font></p>
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 6</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp; </font></p>
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp; </font></p>
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 6</font></p>
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp; </font></p>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp; </font></p>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Chevron Latin America Marketing LLC</font></p>
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp; </font></p>
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp; </font></p>
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp; </font></p>
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp; </font></p>
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Chevron Lubricants Lanka PLC</font></p>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 3</font></p>
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp; </font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Chevron Lubricants Oils S.A.</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 823</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp; </font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Chevron Marine Products</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 1,873</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp; </font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Chevron Oronite Brasil LTDA.</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 37,482</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 108,198</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp; </font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Chevron Products Company</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 87,754</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 247,578</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp; </font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Chevron Belgium NV</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 785</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 6,707</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp; </font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Chevron Petroleum CO Colombia</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 1</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp; </font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Total as of December 31, 2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 3,135</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 8,635</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 193,124</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 8,044</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 3,533</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 697,060</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 1,613</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"><br></font></p>
<p style="margin: 0pt 0pt 0pt 14.2pt; text-align: justify; text-indent: -14.2pt;"><font style="font-size: 8pt;"><sub><font style="font-family: 'Times New Roman'; vertical-align: super;">(1)</font></sub><font style="font-family: 'Times New Roman';">&nbsp; &nbsp;Included in &#8220;</font><font style="font-family: 'Times New Roman';">right-of-use assets</font><font style="font-family: 'Times New Roman';">&#8221; and &#8220;</font><font style="font-family: 'Times New Roman';">leases payable</font><font style="font-family: 'Times New Roman';">&#8221;, respectively.</font></font></p>
<p style="margin: 0pt 0pt 0pt 14.2pt; text-align: justify; text-indent: -14.2pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt 0pt 0pt 14.2pt; text-align: justify; text-indent: -14.2pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(a) Refers to rental contracts of 15 drugstores owned by LA&#8217;7 as of December 31, 2020, a company of the former shareholders of Extrafarma that are current shareholders of Ultrapar.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Purchase and sale transactions relate substantially to the purchase of raw materials, feedstock, transportation</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> and storage services based on </font><font style="font-family: 'Times New Roman';">similar</font><font style="font-family: 'Times New Roman';"> market prices and terms with customers and suppliers with comparable operational performance. The operations </font><font style="font-family: 'Times New Roman';">of</font><font style="font-family: 'Times New Roman';"> ConectCar</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">refer to </font><font style="font-family: 'Times New Roman';">services</font><font style="font-family: 'Times New Roman';"> provided</font><font style="font-family: 'Times New Roman';">. In the opinion of the Company and its subsidiaries&#8217; management, transactions with related parties are not subject to credit risk, </font><font style="font-family: 'Times New Roman';">therefore, no provision for expected losses on accounts rece</font><font style="font-family: 'Times New Roman';">i</font><font style="font-family: 'Times New Roman';">vable or guarantees are recorded</font><font style="font-family: 'Times New Roman';">. </font><font style="font-family: 'Times New Roman';">Guarantees</font><font style="font-family: 'Times New Roman';"> provided by the Company in loans of subsidiaries and affiliates are mentioned in Note </font><font style="font-family: 'Times New Roman';">17</font><font style="font-family: 'Times New Roman';">.</font><font style="font-family: 'Times New Roman';">i</font><font style="font-family: 'Times New Roman';">.</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><br></p>
</div>
</div>
<div>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>49</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><font style="font-size: 10pt;"><a href="#TOC">Table of Contents</a></font></div>
</div>
</div>
<div style="width: 8.5in; margin: 0 auto;">
<div>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';"><br></font></font></p>
<div style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">
<p style="margin: 2pt 0px 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
</div>
<div style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">
<div style="clear: both;">
<p style="margin: 0pt 0px; text-align: justify; font-size: 5pt;"><font style="font-family: 'Times New Roman'; font-size: 5pt;">&nbsp;</font></p>
<div style="margin: 0pt 0px; text-align: justify; font-size: 11pt;"><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">Notes to the Parent</font><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">&#8217;s Separate</font><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';"><font>&nbsp;</font>and Consolidated Financial<font>&nbsp;</font></font><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">Statements</font></div>
<p style="margin: 0pt 0px; text-align: justify; font-size: 5pt;"><font style="font-family: 'Times New Roman'; font-size: 5pt;">&nbsp;</font></p>
<p style="margin: 0pt 0px; text-align: justify; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-size: 10pt;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</div>
</div>
</div>
<div>
<p style="margin: 0pt; text-align: justify;"><br></p>
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold;">b. Key executives (Consolidated)</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The Company&#8217;s compensation strategy combines short and long-term elements, following the principles of alignment of interests and of </font><font style="font-family: 'Times New Roman';">maintaining</font><font style="font-family: 'Times New Roman';"> a competitive compensation, and is aimed at retaining key officers and remunerating them adequately according to their attributed responsibilities and the value created to the Company and its shareholders.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Short-term compensation is comprised of: (a) fixed monthly compensation paid with the objective of rewarding the executive&#8217;s experience, responsibility</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> and his/her position&#8217;s complexity, and includes salary and benefits such as medical coverage, check-up, life insurance</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> and others; (b) variable compensation paid annually with the objective of aligning the executive&#8217;s and the Company&#8217;s objectives, which is linked to: (i) the business performance measured through its economic value creation and (ii) the fulfillment of individual annual goals that are based on the strategic plan and are focused on expansion and operational excellence projects, people development and market positioning, among others. </font><font style="font-family: 'Times New Roman';">More</font><font style="font-family: 'Times New Roman';"> details about the Deferred Stock Plan are contained in Note </font><font style="font-family: 'Times New Roman';">9</font><font style="font-family: 'Times New Roman';">.c and about post</font><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman';">employment benefits in Note </font><font style="font-family: 'Times New Roman';">21</font><font style="font-family: 'Times New Roman';">.b.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">T</font><font style="font-family: 'Times New Roman';">he expenses for compensation of its key executives (Company&#8217;s directors and executive officers)</font><font style="font-family: 'Times New Roman';"> as shown below:</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 93px;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 79%; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; border-bottom: 1px solid #000000; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2021</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1%; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; border-bottom: 1px solid #000000; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2020</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 79%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Short-term compensation</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">47,003</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 1%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">47,936</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 79%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Stock compensation</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 10%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">15,778</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 1%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 10%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,786</font></p>
</td>
</tr>
<tr style="height: 14px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 14px; width: 79%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Post-employment benefits</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 14px; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,737</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 14px; width: 1%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 14px; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,866</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; width: 79%;">Termination benefits</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; border-bottom: 1pt solid #000000; text-align: right; width: 10%;">5,637</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; width: 1%;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; border-bottom: 1pt solid #000000; width: 10%; text-align: right;">-</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 79%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Total</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; height: 10px; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">71,155</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 1%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; height: 10px; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">55,588</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold;">c. Deferred stock plan (Consolidated)</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Since 2003</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">Ultrapar has adopted a </font><font style="font-family: 'Times New Roman';">stock</font><font style="font-family: 'Times New Roman';"> plan in which the executive h</font><font style="font-family: 'Times New Roman';">as</font><font style="font-family: 'Times New Roman';"> the usufruct of shares held in treasury</font><font style="font-family: 'Times New Roman';"> until</font><font style="font-family: 'Times New Roman';"> the transfer of the </font><font style="font-family: 'Times New Roman';">full </font><font style="font-family: 'Times New Roman';">ownership of the shares to those eligible members of management after five to seven years from the initial concession of the rights subject to uninterrupted employment of the participant during the period</font><font style="font-family: 'Times New Roman';">. The volume of shares and the executives </font><font style="font-family: 'Times New Roman';">e</font><font style="font-family: 'Times New Roman';">ligible</font><font style="font-family: 'Times New Roman';"> are determined by the Board of Directors, and there is no mandatory annual grant. The total number of shares to be used in the plan is subject to the </font><font style="font-family: 'Times New Roman';">number</font><font style="font-family: 'Times New Roman';"> of shares in treasury. Ultrapar&#8217;s Board of Directors </font><font style="font-family: 'Times New Roman';">members are </font><font style="font-family: 'Times New Roman';">not </font><font style="font-family: 'Times New Roman';">eligible</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">to </font><font style="font-family: 'Times New Roman';">participate in </font><font style="font-family: 'Times New Roman';">the </font><font style="font-family: 'Times New Roman';">stock</font><font style="font-family: 'Times New Roman';"> plan.</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">The fair value of the awards </font><font style="font-family: 'Times New Roman';">was</font><font style="font-family: 'Times New Roman';"> determined on the grant date based on the market value of the shares on the </font><font style="font-family: 'Times New Roman';">B3</font><font style="font-family: 'Times New Roman';">, the Brazilian Securities, Commodities and Futures Exchange</font><font style="font-family: 'Times New Roman';"> and the amounts are amortized </font><font style="font-family: 'Times New Roman';">between</font><font style="font-family: 'Times New Roman';"> five </font><font style="font-family: 'Times New Roman';">to</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">seven</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">years from the </font><font style="font-family: 'Times New Roman';">grant date</font><font style="font-family: 'Times New Roman';">.</font></font></p>
</div>
</div>
</div>
<div>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';"><br></font></font></p>
<div>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>50</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><font style="font-size: 10pt;"><a href="#TOC">Table of Contents</a></font></div>
</div>
</div>
<div style="width: 8.5in; margin: 0 auto;">
<div><br></div>
<div style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">
<p style="margin: 2pt 0px 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
</div>
<div style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">
<div style="clear: both;">
<p style="margin: 0pt 0px; text-align: justify; font-size: 5pt;"><font style="font-family: 'Times New Roman'; font-size: 5pt;">&nbsp;</font></p>
<div style="margin: 0pt 0px; text-align: justify; font-size: 11pt;"><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">Notes to the Parent</font><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">&#8217;s Separate</font><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';"><font>&nbsp;</font>and Consolidated Financial<font>&nbsp;</font></font><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">Statements</font></div>
<p style="margin: 0pt 0px; text-align: justify; font-size: 5pt;"><font style="font-family: 'Times New Roman'; font-size: 5pt;">&nbsp;</font></p>
<p style="margin: 0pt 0px; text-align: justify; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-size: 10pt;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
</div>
</div>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><br></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The table below summarizes shares </font><font style="font-family: 'Times New Roman';">granted </font><font style="font-family: 'Times New Roman';">to the Company and its subsidiaries&#8217; management:</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 79px;" width="100%">

<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 38%; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Grant date</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; border-bottom: 1px solid #000000; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Balance of number of shares granted</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; border-bottom: 1px solid #000000; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Vesting period</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; border-bottom: 1px solid #000000; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Market price of shares on the grant date (in R$ per share)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; border-bottom: 1px solid #000000; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Total grant costs, including taxes</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1%; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; border-bottom: 1px solid #000000; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Accumulated recognized grant costs</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1%; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; border-bottom: 1px solid #000000; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Accumulated unrecognized grant costs</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">March 4, 2016</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 133,332</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2022 to 2023 </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 32.72</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 9,025</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(8,440)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 585</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">December 10, 2014</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2021</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 25.32</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 19,557</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(19,557)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp; </font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">March 5, 2014</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2021</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 26.08</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 5,999</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(5,999)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp; </font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 133,332</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 34,581</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(33,996)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 585</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">F</font><font style="font-family: 'Times New Roman';">or </font><font style="font-family: 'Times New Roman';">the </font><font style="font-family: 'Times New Roman';">year</font><font style="font-family: 'Times New Roman';"> ended </font><font style="font-family: 'Times New Roman';">December</font><font style="font-family: 'Times New Roman';"> 3</font><font style="font-family: 'Times New Roman';">1</font><font style="font-family: 'Times New Roman';">, 2021</font><font style="font-family: 'Times New Roman';"> t</font><font style="font-family: 'Times New Roman';">he amortization in the amount </font><font style="font-family: 'Times New Roman';">of R$</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">1,902</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">(</font><font style="font-family: 'Times New Roman';">reversal of </font><font style="font-family: 'Times New Roman';">R$ </font><font style="font-family: 'Times New Roman';">64</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">f</font><font style="font-family: 'Times New Roman';">or </font><font style="font-family: 'Times New Roman';">year</font><font style="font-family: 'Times New Roman';"> ended </font><font style="font-family: 'Times New Roman';">December </font><font style="font-family: 'Times New Roman';">3</font><font style="font-family: 'Times New Roman';">0</font><font style="font-family: 'Times New Roman';">, 2020</font><font style="font-family: 'Times New Roman';"> &#8211; restated</font><font style="font-family: 'Times New Roman';">) was recognized as a general and administrative expense.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The table below summarizes the changes of</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">number of shares granted:</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%;" width="100%">

<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 89%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Balance on December 31, 2019</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,224,524</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Cancellation of granted shares due to termination of executive employment</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(200,000)</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Shares vested and transferred</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(322,264)</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Balance on December 31, 2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">702,260</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Shares vested and transferred</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(448,930)</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Reclassification to assets held for sale</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(119,998)</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Balance on December 31, 2021</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">133,332</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">In addition, </font><font style="font-family: 'Times New Roman';">on April 19, 2017, </font><font style="font-family: 'Times New Roman';">the Ordinary and Extraordinary General Shareholders&#8217; Meeting (&#8220;OEGM&#8221;) of </font><font style="font-family: 'Times New Roman';">approved</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">a new incentive plan</font><font style="font-family: 'Times New Roman';"> based on shares </font><font style="font-family: 'Times New Roman';">(</font><font style="font-family: 'Times New Roman';">&#8221;</font><font style="font-family: 'Times New Roman';">Plan</font><font style="font-family: 'Times New Roman';">&#8221;</font><font style="font-family: 'Times New Roman';">), which establishes the general terms and conditions for the concession of common shares issued by the Company </font><font style="font-family: 'Times New Roman';">and </font><font style="font-family: 'Times New Roman';">held in treasury, </font><font style="font-family: 'Times New Roman';">that</font><font style="font-family: 'Times New Roman';"> may or may not involve the granting of usufruct of part of these shares for later transfer of the </font><font style="font-family: 'Times New Roman';">ownership of the shares</font><font style="font-family: 'Times New Roman';">, in periods of </font><font style="font-family: 'Times New Roman';">three</font><font style="font-family: 'Times New Roman';"> to </font><font style="font-family: 'Times New Roman';">six</font><font style="font-family: 'Times New Roman';"> years</font><font style="font-family: 'Times New Roman';">, to directors or employees of the Company or </font><font style="font-family: 'Times New Roman';">its </font><font style="font-family: 'Times New Roman';">subsidiaries.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">As a result of the Plan, </font><font style="font-family: 'Times New Roman';">common</font><font style="font-family: 'Times New Roman';"> shares representing at most 1% of the Company's </font><font style="font-family: 'Times New Roman';">share </font><font style="font-family: 'Times New Roman';">capital</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">may be delivered to the </font><font style="font-family: 'Times New Roman';">p</font><font style="font-family: 'Times New Roman';">articipants, which corresponds, at the date of approval of </font><font style="font-family: 'Times New Roman';">this</font><font style="font-family: 'Times New Roman';"> Plan, to </font><font style="font-family: 'Times New Roman';">11,128,102</font><font style="font-family: 'Times New Roman';"> common shares.</font></font></p>
</div>
<br>
<div>
<div><br></div>
</div>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>51</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><font style="font-size: 10pt;"><a href="#TOC">Table of Contents</a></font></div>
</div>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';"><br></font></font></p>
<div style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">
<p style="margin: 2pt 0px 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
</div>
<div style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">
<div style="clear: both;">
<p style="margin: 0pt 0px; text-align: justify; font-size: 5pt;"><font style="font-family: 'Times New Roman'; font-size: 5pt;">&nbsp;</font></p>
<div style="margin: 0pt 0px; text-align: justify; font-size: 11pt;"><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">Notes to the Parent</font><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">&#8217;s Separate</font><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';"><font>&nbsp;</font>and Consolidated Financial<font>&nbsp;</font></font><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">Statements</font></div>
<p style="margin: 0pt 0px; text-align: justify; font-size: 5pt;"><font style="font-family: 'Times New Roman'; font-size: 5pt;">&nbsp;</font></p>
<p style="margin: 0pt 0px; text-align: justify; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-size: 10pt;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
</div>
</div>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The table </font><font style="font-family: 'Times New Roman';">below</font><font style="font-family: 'Times New Roman';"> summarizes the </font><font style="font-family: 'Times New Roman';">r</font><font style="font-family: 'Times New Roman';">estricted and </font><font style="font-family: 'Times New Roman';">p</font><font style="font-family: 'Times New Roman';">erformance</font><font style="font-family: 'Times New Roman';"> stock</font><font style="font-family: 'Times New Roman';"> programs:</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 99.7551%; height: 283px;" width="100%">

<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Program</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Grant date</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Balance of number of shares granted</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000; height: 10px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Vesting period</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000; height: 10px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Market price of shares on the grant date (in R$ per share)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Total grant costs, including taxes</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Accumulated recognized grant costs</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Accumulated unrecognized grant costs</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px; width: 24%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Restricted</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px; width: 10%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">October 1, 2017</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 1%;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px; width: 10%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 240,000</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px; width: 1%;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px; width: 10%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2023</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px; width: 1%;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px; width: 10%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 38.19</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 1%;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px; width: 10%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 9,293</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px; width: 1%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px; width: 10%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(9,293)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px; width: 1%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px; width: 10%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Restricted</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">November 8, 2017</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 4,596</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2022</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 38.19</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 1,018</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(994)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 24</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Restricted</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">April 4, 2018</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 31,220</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2022 to 2023</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 34.35</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 3,013</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2,902)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 111</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Performance</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">April 4, 2018</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 5,550</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2022 to 2023</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 34.35</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 356</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(267)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 89</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Restricted</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">September 19, 2018</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 80,000</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2024</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 19.58</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 1,020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,020)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Restricted</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">September 24, 2018</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 80,000</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2024</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 18.40</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 3,170</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,250)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 1,920</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Restricted</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">April 3, 2019</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 176,184</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2022 to 2024</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 23.25</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">7,004</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(5,479)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 1,525</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Performance</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">April 3, 2019</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">83,412</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2022 to 2024</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 23.25</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 3,587</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2,212)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 1,375</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Restricted</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">September 2, 2019</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">440,000</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2025</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 16.42</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;">9,965</p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(3,875)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font>6,090</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Restricted</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">April 1, 2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 290,082</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2023 to 2025</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 12.53</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 5,668</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(3,135)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 2,533</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Performance</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">April 1, 2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 238,188</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2023 to 2025</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 12.53</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 5,494</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2,960)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 2,534</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Restricted</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">September 16, 2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 700,000</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2026</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 23.03</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 13,259</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(5,847)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 7,412</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Restricted</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">April 7, 2021</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 522,716</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2024</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 20.85</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 17,985</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(5,141)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 12,844</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Performance</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">April 7, 2021</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 522,716</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2024</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 20.85</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 17,985</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(5,141)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 12,844</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Restricted</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">September 22, 2021</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; border-bottom: 1px solid #000000;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; border-bottom: 1px solid #000000; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 1,000,000</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2027</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 14.17</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; border-bottom: 1px solid #000000;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; border-bottom: 1px solid #000000; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 19,547</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; border-bottom: 1px solid #000000; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,087)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; border-bottom: 1px solid #000000; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 18,460</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 4,415,294</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 118,364</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(50,603)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 67,761</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">F</font><font style="font-family: 'Times New Roman';">or the </font><font style="font-family: 'Times New Roman';">year</font><font style="font-family: 'Times New Roman';"> ended </font><font style="font-family: 'Times New Roman';">December</font><font style="font-family: 'Times New Roman';"> 3</font><font style="font-family: 'Times New Roman';">1</font><font style="font-family: 'Times New Roman';">, 202</font><font style="font-family: 'Times New Roman';">1</font><font style="font-family: 'Times New Roman';">, a general and administrative expense </font><font style="font-family: 'Times New Roman';">in the amount of</font><font style="font-family: 'Times New Roman';"> R$</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">24,067</font><font style="font-family: 'Times New Roman';">&nbsp;</font><font style="font-family: 'Times New Roman';">was recognized in relation to the Plan</font><font style="font-family: 'Times New Roman';"> (R$ </font><font style="font-family: 'Times New Roman';">10</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">440</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">f</font><font style="font-family: 'Times New Roman';">or the </font><font style="font-family: 'Times New Roman';">year</font><font style="font-family: 'Times New Roman';"> ended </font><font style="font-family: 'Times New Roman';">December</font><font style="font-family: 'Times New Roman';"> 3</font><font style="font-family: 'Times New Roman';">1</font><font style="font-family: 'Times New Roman';">, 202</font><font style="font-family: 'Times New Roman';">0</font><font style="font-family: 'Times New Roman';"> &#8211; restated</font><font style="font-family: 'Times New Roman';">)</font><font style="font-family: 'Times New Roman';">.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 89%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Balance on December 31, 2019</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,738,660</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Shares granted on April 1, 2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">877,788</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Shares granted on September 16, 2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">700,000</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Cancellation of granted shares due to termination of executive employment</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(353,294)</font></p>
</td>
</tr>
<tr style="height: 13.5pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Cancellation of performance shares</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(52,992)</font></p>
</td>
</tr>
<tr style="height: 13.5pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Balance on December 31, 2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,910,162</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Shares granted on April 7, 2021</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,386,504</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Shares granted on September 22, 2021</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,000,000</font></p>
</td>
</tr>
<tr style="height: 16.5pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Performance shares </font><font style="font-family: 'Times New Roman'; vertical-align: super;">(i)</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(133,326)</font></p>
</td>
</tr>
<tr style="height: 13.5pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Cancellation of granted shares due to termination of executive employment</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(133,186)</font></p>
</td>
</tr>
<tr style="height: 13.5pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Reclassification to assets held for sale</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(614,860)</font></p>
</td>
</tr>
<tr style="height: 13.5pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Balance on December 31, 2021</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,415,294</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table style="width: 100%; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td style="vertical-align: top; width: 3%;" valign="top"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 8pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -18.9333px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(i)</font></td>
<td style="vertical-align: top; width: 97%;" valign="top"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 8pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -18.9333px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Refers to the reversal of the provision constituted in view of the significant probability that performance indicators will not be achieved.</font></td>
</tr>

</table>
<p style="margin: 2pt 0pt 0pt 14.2pt; text-align: justify; text-indent: -14.2pt;"><br></p>
</div>
<div>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>52</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><font style="font-size: 10pt;"><a href="#TOC">Table of Contents</a></font></div>
</div>
</div>
</div>
</div><div style="font-family: 'times new roman', times; font-size: 10pt;">
<div>
<div style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff;">
<div style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff;">
<div style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff;">
<div style="width: 8.5in; margin: 0 auto;">
<div>
<div style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff;">
<div style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff;">
<div style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff;">
<p style="margin: 2pt 0px 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
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<div style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff;">
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<p style="margin: 0pt 0px; text-align: justify; font-size: 5pt;"><font style="font-family: 'Times New Roman'; font-size: 5pt;">&nbsp;</font></p>
<div style="margin: 0pt 0px; text-align: justify; font-size: 11pt;"><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">Notes to the Parent</font><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">&#8217;s Separate</font><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';"><font>&nbsp;</font>and Consolidated Financial<font>&nbsp;</font></font><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">Statements</font></div>
<p style="margin: 0pt 0px; text-align: justify; font-size: 5pt;"><font style="font-family: 'Times New Roman'; font-size: 5pt;">&nbsp;</font></p>
<p style="margin: 0pt 0px; text-align: justify; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-size: 10pt;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
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<p><font style="font-style: italic;"><br></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-weight: bold;">10</font><font style="font-weight: bold;">. Income and </font><font style="font-weight: bold;">s</font><font style="font-weight: bold;">ocial </font><font style="font-weight: bold;">c</font><font style="font-weight: bold;">ontribution </font><font style="font-weight: bold;">t</font><font style="font-weight: bold;">axes</font></font><br></p>
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<div>
<p style="margin: 0pt; text-align: justify;"><br></p>
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold;">a. Deferred income (IRPJ) and social contribution taxes (CSLL)</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The Company and its subsidiaries recognize </font><font style="font-family: 'Times New Roman';">deferred tax assets and liabilities</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> which are not subject to </font><font style="font-family: 'Times New Roman';">the </font><font style="font-family: 'Times New Roman';">statute of limitations, mainly resulting from </font><font style="font-family: 'Times New Roman';">p</font><font style="font-family: 'Times New Roman';">rovision for differences between cash and accrual basis</font><font style="font-family: 'Times New Roman';">, </font><font style="font-family: 'Times New Roman';">tax loss carryforwards</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">negative tax bases</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">and provisions for tax, civil, and labor risks</font><font style="font-family: 'Times New Roman';">.</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">Deferred tax assets </font><font style="font-family: 'Times New Roman';">are sustained by the continued profitability of their operations. Deferred IRPJ and CSLL are recognized under the following main categories:</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="height: 84px; border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%;" width="100%">

<tr style="height: 17px;">
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
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<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Parent</font></p>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
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<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Consolidated</font></p>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2021</font></p>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
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<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2020</font></p>
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
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<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2021</font></p>
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<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2020</font></p>
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<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 49%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Assets - deferred income and social contribution taxes on:</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 12%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 1%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 12%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 1%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 12%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 1%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; background-color: #cceeff; width: 12%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 0px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Provision for impairment of assets</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">57,924</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">75,231</font></p>
</td>
</tr>
<tr style="height: 0px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Provisions for tax, civil, and labor risks</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">188,236</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">138,516</font></p>
</td>
</tr>
<tr style="height: 0px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Provision for post-employment benefits </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">760</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,078</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">73,335</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">96,108</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Provision for differences between cash and accrual basis (i)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">24,754</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">606,054</font></p>
</td>
</tr>
<tr style="height: 0px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Goodwill</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,825</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,161</font></p>
</td>
</tr>
<tr style="height: 0px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Business combination &#8211; tax basis vs. accounting basis of goodwill</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">18,699</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">75,515</font></p>
</td>
</tr>
<tr style="height: 0px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Provision for asset retirement obligation</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">16,991</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">15,728</font></p>
</td>
</tr>
<tr style="height: 0px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Provision for suppliers</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">6,354</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,284</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">39,364</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">49,501</font></p>
</td>
</tr>
<tr style="height: 0px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Provision for profit sharing and bonus</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">9,541</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">9,445</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">44,876</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">56,873</font></p>
</td>
</tr>
<tr style="height: 0px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Leases payable</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,264</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">976</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">41,463</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">41,932</font></p>
</td>
</tr>
<tr style="height: 0px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Change in fair value of subscription warrants</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">10,957</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">22,833</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">10,957</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">22,833</font></p>
</td>
</tr>
<tr style="height: 0px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Provision for deferred revenue</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">15,643</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">25,770</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Other provisions</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">85</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">95</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,769</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">14,917</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Tax losses and negative basis for social contribution carryforwards (10.d)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; margin-left: 0.1px; height: 10px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">43,441</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; margin-left: 0.1px; height: 10px; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; margin-left: 0.1px; height: 10px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">26,730</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; margin-left: 0.1px; height: 10px; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; margin-left: 0.1px; height: 10px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">148,345</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; margin-left: 0.1px; height: 10px; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; margin-left: 0.1px; height: 10px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">363,862</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Total</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin-left: 0.1px; height: 10px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">72,402</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin-left: 0.1px; height: 10px; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin-left: 0.1px; height: 10px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">65,441</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin-left: 0.1px; height: 10px; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin-left: 0.1px; height: 10px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">688,181</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin-left: 0.1px; height: 10px; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin-left: 0.1px; height: 10px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,588,001</font></p>
</td>
</tr>
<tr style="height: 0px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Offset liability balance of deferred IRPJ and CSLL</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; margin-left: 0.1px; height: 0px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; margin-left: 0.1px; height: 0px; border-bottom-width: 1px;"><br></td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; margin-left: 0.1px; height: 0px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(448)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; margin-left: 0.1px; height: 0px; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; margin-left: 0.1px; height: 0px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(116,426)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; margin-left: 0.1px; height: 0px; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; margin-left: 0.1px; height: 0px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(613,290)</font></p>
</td>
</tr>
<tr style="height: 0px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Net balance of deferred taxes assets</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">72,402</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">64,993</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">571,755</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">974,711</font></p>
</td>
</tr>
<tr style="height: 0px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Liabilities - deferred income and social contribution taxes on:</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 0px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Revaluation of PP&amp;E</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">408</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,776</font></p>
</td>
</tr>
<tr style="height: 0px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Leases payable</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">138</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,895</font></p>
</td>
</tr>
<tr style="height: 0px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Provision for differences between cash and accrual basis (i)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">448</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">19,664</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">402,780</font></p>
</td>
</tr>
<tr style="height: 0px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Provision for goodwill</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">28,676</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">92,242</font></p>
</td>
</tr>
<tr style="height: 0px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Business combination &#8211; fair value of assets</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">66,079</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">111,832</font></p>
</td>
</tr>
<tr style="height: 0px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Other provisions</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; margin-left: 0.1px; height: 0px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; margin-left: 0.1px; height: 0px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; margin-left: 0.1px; height: 0px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,743</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; margin-left: 0.1px; height: 0px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">15,497</font></p>
</td>
</tr>
<tr style="height: 0px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Total</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin-left: 0.1px; height: 0px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin-left: 0.1px; height: 0px; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin-left: 0.1px; height: 0px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">448</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin-left: 0.1px; height: 0px; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin-left: 0.1px; height: 0px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">116,708</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin-left: 0.1px; height: 0px; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin-left: 0.1px; height: 0px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">626,022</font></p>
</td>
</tr>
<tr style="height: 0px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Offset asset balance of deferred IRPJ and CSLL</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; margin-left: 0.1px; height: 0px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; margin-left: 0.1px; height: 0px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(448)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; margin-left: 0.1px; height: 0px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(116,426)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; margin-left: 0.1px; height: 0px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(613,290)</font></p>
</td>
</tr>
<tr style="height: 0px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Net balance of deferred taxes liabilities</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">282</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">12,732</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 2pt 0pt 0pt; text-align: justify; padding-left: 30px;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman';">(i)&nbsp; Refers, mainly, to the income tax on the exchange variation of the </font><font style="font-family: 'Times New Roman';">derivate </font><font style="font-family: 'Times New Roman';">hedging instruments.</font></font></p>
</div>
</div>
</div>
</div>
</div>
</div>
<div>
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';"><br></font></font></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>53</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';"><br></font></font></p>
<div style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff;">
<div style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff;">
<div style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff;">
<div style="width: 8.5in; margin: 0 auto;">
<div style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff;">
<div style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff;">
<div style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff;">
<p style="margin: 2pt 0px 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
</div>
<div style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff;">
<div style="clear: both;">
<p style="margin: 0pt 0px; text-align: justify; font-size: 5pt;"><font style="font-family: 'Times New Roman'; font-size: 5pt;">&nbsp;</font></p>
<div style="margin: 0pt 0px; text-align: justify; font-size: 11pt;"><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">Notes to the Parent</font><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">&#8217;s Separate</font><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';"><font>&nbsp;</font>and Consolidated Financial<font>&nbsp;</font></font><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">Statements</font></div>
<p style="margin: 0pt 0px; text-align: justify; font-size: 5pt;"><font style="font-family: 'Times New Roman'; font-size: 5pt;">&nbsp;</font></p>
<p style="margin: 0pt 0px; text-align: justify; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-size: 10pt;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
</div>
</div>
</div>
</div>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-size: 10pt;"><font style="font-weight: bold;"><br></font></font></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-size: 10pt; text-align: justify; font-family: 'Times New Roman';">Changes in </font><font style="font-size: 10pt; text-align: justify; font-family: 'Times New Roman';">the net balance of </font><font style="font-size: 10pt; text-align: justify; font-family: 'Times New Roman';">deferred IRPJ and CSLL are as follows:</font><br></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="height: 44px; border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Parent</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Consolidated</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2021</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2021</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2020</font></p>
</td>
</tr>
<tr style="height: 0px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 49%; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Initial balance</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 12%; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">64,993</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 1%; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 12%; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">41,613</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 1%; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 12%; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">961,979</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 1%; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 12%; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">646,163</font></p>
</td>
</tr>
<tr style="height: 0px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Deferred IRPJ and CSLL recognized in income of the year</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">7,693</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">23,246</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">242,246</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">234,244</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Deferred IRPJ and CSLL of subsidiaries classified as discontinued operations</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">110,821</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(146,305)</font></p>
</td>
</tr>
<tr style="height: 0px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Deferred IRPJ and CSLL recognized in other comprehensive income</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(284)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(80)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(11,366)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">210,034</font></p>
</td>
</tr>
<tr style="height: 0px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Reclassification to assets held for sale</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(728,986)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 0px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Others</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin-left: 0.1px; height: 0px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin-left: 0.1px; height: 0px; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin-left: 0.1px; height: 0px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">214</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin-left: 0.1px; height: 0px; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin-left: 0.1px; height: 0px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(3,221)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin-left: 0.1px; height: 0px; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin-left: 0.1px; height: 0px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">17,843</font></p>
</td>
</tr>
<tr style="height: 0px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Final balance</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; margin-left: 0.1px; height: 0px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">72,402</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; margin-left: 0.1px; height: 0px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">64,993</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; margin-left: 0.1px; height: 0px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">571,473</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; margin-left: 0.1px; height: 0px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; margin-left: 0.1px; height: 0px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">961,979</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">The estimated recovery of the deferred tax asset of IRPJ and CSLL is shown as follows:</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%;" width="100%">

<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Parent</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Consolidated</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 75%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Up to 1 year</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 12%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">59,516</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 1%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 12%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">324,216</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">From 1 to 2 years</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,666</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">41,760</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">From 2 to 3 years</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,628</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">42,853</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">From 3 to 5 years</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,143</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">128,144</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">From 5 to 7 years</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,698</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">69,569</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">From 7 to 10 years</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,751</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">81,639</font></p>
</td>
</tr>
<tr style="height: 13.5pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Total of deferred tax assets relating to IRPJ and CSLL</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">72,402</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">688,181</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">In order to evaluate the realization of</font><font style="font-family: 'Times New Roman';">&nbsp;</font><font style="font-family: 'Times New Roman';">deferred tax assets, the taxable income projections from</font><font style="font-family: 'Times New Roman';">&nbsp;</font><font style="font-family: 'Times New Roman';">business plans of each segment of the Company</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">which indicates trends and perspectives, demand effects, competition and other economic factors</font><font style="font-family: 'Times New Roman';">, and</font><font style="font-family: 'Times New Roman';"> that represent the management&#8217;s best estimate about the economic conditions existing during the period of realization of the deferred tax asset were taken into account.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The main key assumptions used to calculate the realization of deferred tax assets are: growth in Gross Domestic Product (&#8220;GDP&#8221;), exchange rate, basic interest rate (SELIC) and DI, inflation rate, commodity price index, among others. The</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">balance</font><font style="font-family: 'Times New Roman';">s</font><font style="font-family: 'Times New Roman';"> of </font><font style="font-family: 'Times New Roman';">Company and its subsidiaries of </font><font style="font-family: 'Times New Roman';">R$ </font><font style="font-family: 'Times New Roman';">688,181</font><font style="font-family: 'Times New Roman';"> and parent of R$ </font><font style="font-family: 'Times New Roman';">72,402</font><font style="font-family: 'Times New Roman';"> w</font><font style="font-family: 'Times New Roman';">ere</font><font style="font-family: 'Times New Roman';"> supported by the technical study on taxable profit projections for the realization of deferred tax assets.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><br></p>
</div>
</div>
</div>
</div>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>54</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
</div>
<div><br></div>
<div>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; font-size: 5px;"><br></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; font-size: 5px;"><br></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;"><font style="font-style: italic;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;"><font style="font-style: italic;"><br></font></p>
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold;">b. Reconciliation of income and social contribution taxes</font></p>
<p style="margin: 0pt; text-align: justify;"><br></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">IRPJ and CSLL are reconciled to the statutory tax rates as follows:</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 292px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Parent</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Consolidated</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2021</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2021</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2020</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Restated (i)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Restated (i)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 49%; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Income before taxes</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 12%; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">774,484</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 12%; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">593,803</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 12%; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,006,648</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 12%; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">951,581</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Statutory tax rates &#8211; %</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">34</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">34</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">34</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">34</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Income and social contribution taxes at the statutory tax rates</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(263,325)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(201,893)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(342,260)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(323,538)</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Adjustments to the statutory income and social contribution taxes:</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><br></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Nondeductible expenses (ii)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(12,376)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(7,013)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(45,569)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(33,420)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Nontaxable revenues (iii)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,571</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,757</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Monetary variation (SELIC) on repetition of tax undue payments (iv)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,544</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">136,060</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Adjustment to estimated income (v)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,901</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">8,850</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Unrecorded deferred income and social contribution taxes carryforwards deferred (vi)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(5,285)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(3,166)</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Share of profit (loss) of subsidiaries, joint ventures and associates</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">281,851</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">227,776</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(5,995)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(14,972)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Other adjustments</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,021</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">77</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">21,414</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">12,911</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Income and social contribution taxes before tax incentives</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">10,715</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">18,947</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(235,163)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(350,578)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Tax incentives - SUDENE</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">47,129</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">46,061</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Income and social contribution taxes in the income statement</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">10,715</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">18,947</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(188,034)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(304,517)</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Current</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,022</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(4,299)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(430,280)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(538,761)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Deferred</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">7,693</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">23,246</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">242,246</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">234,244</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Effective IRPJ and CSLL rates &#8211; %</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1.4)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(3.2)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">18.7</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">32.0</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table style="width: 100%; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td style="vertical-align: top; width: 1%;"><br></td>
<td style="vertical-align: top; width: 3%;" valign="top"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 8pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -18.9333px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(i)</font></td>
<td style="vertical-align: top; width: 96%;" valign="top"><font style="font-size: 8pt;"><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -18.9333px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">For more information on the restatement, see note 3.c.1.</font></font></td>
</tr>
<tr>
<td style="vertical-align: top; width: 1%;"><br></td>
<td style="vertical-align: top; width: 3%;"><font style="font-size: 8pt;">(ii)</font></td>
<td style="vertical-align: top; width: 96%;"><font style="font-size: 8pt;"><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; text-align: justify; text-indent: -18.9333px; font-family: 'Times New Roman';">C</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; text-align: justify; text-indent: -18.9333px; font-family: 'Times New Roman';">onsist&nbsp;of certain expenses that cannot be deducted for tax purposes under applicable tax legislation, such as expenses with fines, donations, gifts, losses of assets</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; text-align: justify; text-indent: -18.9333px; font-family: 'Times New Roman';">,</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; text-align: justify; text-indent: -18.9333px; font-family: 'Times New Roman';">&nbsp;</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; text-align: justify; text-indent: -18.9333px; font-family: 'Times New Roman';">negative effects of foreign subsidiaries&nbsp;</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; text-align: justify; text-indent: -18.9333px; font-family: 'Times New Roman';">and certain provisions</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; text-align: justify; text-indent: -18.9333px; font-family: 'Times New Roman';">.</font></font></td>
</tr>
<tr>
<td style="vertical-align: top;"><br></td>
<td style="vertical-align: top;" valign="top"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 8pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -18.9333px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(iii)</font></td>
<td style="vertical-align: top;" valign="top"><font style="font-size: 8pt;"><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -18.9333px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">C</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -18.9333px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">onsist&nbsp;of certain gains and income that are not taxable under applicable tax legislation, such as the reimbursement of taxes and the reversal of certain provisions</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -18.9333px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">.</font></font></td>
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<td style="vertical-align: top;"><br></td>
<td style="vertical-align: top;"><font style="font-size: 8pt;">(iv)</font></td>
<td style="vertical-align: top;"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 8pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -18.9333px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Refers to amounts related to non-taxation of IRPJ/CSLL on monetary variation (SELIC) in the repetition of undue tax lawsuits (see note 10.e).</font></td>
</tr>
<tr>
<td style="vertical-align: top;"><br></td>
<td style="vertical-align: top;" valign="top"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 8pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -18.9333px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(v)</font></td>
<td style="vertical-align: top;" valign="top"><font style="font-size: 8pt;"><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -18.9333px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">Brazilian tax law allows for an alternative method of taxation for companies that generated gross revenues of up to R$&nbsp;</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -18.9333px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">7</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -18.9333px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">8 million in their previous fiscal year. Certain subsidiaries of the Company adopted this alternative form of taxation, whereby income and social contribution taxes are calculated on a basis equal to 32% of operating revenues, as opposed to being calculated based on the effective taxable income of these subsidiaries. The&nbsp;</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -18.9333px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">adjustment to estimated income represents the&nbsp;</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -18.9333px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">difference between the taxation under this alternative method and the income and social contribution taxes that would have been pa</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -18.9333px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">id</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -18.9333px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">&nbsp;based on the effective statutory rate applied to the taxable income of these subsidiaries</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -18.9333px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">.</font></font></td>
</tr>
<tr>
<td style="vertical-align: top;"><br></td>
<td style="vertical-align: top;" valign="top"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 8pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -18.9333px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(vi)</font></td>
<td style="vertical-align: top;" valign="top"><font style="font-size: 8pt;"><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -18.9333px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">See Note 10.d</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -18.9333px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">.</font></font></td>
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<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><br></p>
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<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>55</font></font></td>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;"><br></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; font-size: 5px;"><br></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; font-size: 5px;"><br></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;"><font style="font-style: italic;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;"><font style="font-style: italic;"><br></font></p>
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">c. Tax </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">i</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">ncentives &#8211; SUDENE</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">For belonging to the sectors of the economy considered priority for the subsidized areas, under the terms of </font><font style="font-family: 'Times New Roman';">the </font><font style="font-family: 'Times New Roman';">development </font><font style="font-family: 'Times New Roman';">program </font><font style="font-family: 'Times New Roman';">of region </font><font style="font-family: 'Times New Roman';">operated by the </font><font style="font-family: 'Times New Roman';">Superintendence</font><font style="font-family: 'Times New Roman';"> for the Development of the Northeast (&#8220;SUDENE&#8221;)</font><font style="font-family: 'Times New Roman';">, </font><font style="font-family: 'Times New Roman';">the following subsidiaries</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> in compliance with the current law </font><font style="font-family: 'Times New Roman';">have</font><font style="font-family: 'Times New Roman';"> entitled to federal tax benefits providing for IRPJ reduction under</font><font style="font-family: 'Times New Roman';">:</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
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<td style="vertical-align: bottom; width: 39.2478%;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Subsidiary</font></p>
</td>
<td style="vertical-align: bottom; width: 36.6312%;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Units</font></p>
</td>
<td style="vertical-align: bottom; text-align: center; width: 12.0196%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Incentive - %</font></p>
</td>
<td style="vertical-align: bottom; text-align: center; width: 12.0196%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Expiration</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="vertical-align: bottom; background-color: #cceeff; width: 39.2478%;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Bahiana Distribuidora de G&#225;s Ltda.</font></p>
</td>
<td style="vertical-align: bottom; background-color: #cceeff; width: 36.6312%;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Mataripe base</font></p>
</td>
<td style="vertical-align: bottom; background-color: #cceeff; width: 12.0196%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">75</font></p>
</td>
<td style="vertical-align: bottom; background-color: #cceeff; width: 12.0196%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2024</font></p>
</td>
</tr>
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<td style="vertical-align: bottom; width: 39.2478%;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; width: 36.6312%;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Caucaia base</font></p>
</td>
<td style="vertical-align: bottom; width: 12.0196%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">75</font></p>
</td>
<td style="vertical-align: bottom; width: 12.0196%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2025</font></p>
</td>
</tr>
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<td style="vertical-align: bottom; background-color: #cceeff; width: 39.2478%;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; background-color: #cceeff; width: 36.6312%;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Juazeiro base</font></p>
</td>
<td style="vertical-align: bottom; background-color: #cceeff; width: 12.0196%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">75</font></p>
</td>
<td style="vertical-align: bottom; background-color: #cceeff; width: 12.0196%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2026</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="vertical-align: bottom; width: 39.2478%;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; width: 36.6312%;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Aracaju base</font></p>
</td>
<td style="vertical-align: bottom; width: 12.0196%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">75</font></p>
</td>
<td style="vertical-align: bottom; width: 12.0196%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2027</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="vertical-align: bottom; background-color: #cceeff; width: 39.2478%;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; background-color: #cceeff; width: 36.6312%;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Suape base</font></p>
</td>
<td style="vertical-align: bottom; background-color: #cceeff; width: 12.0196%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">75</font></p>
</td>
<td style="vertical-align: bottom; background-color: #cceeff; width: 12.0196%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2027</font></p>
</td>
</tr>
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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultracargo Log&#237;stica S.A.</font></p>
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<p style="margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Suape terminal</font><font style="font-family: 'Times New Roman';"> </font><sup><font style="font-family: 'Times New Roman'; vertical-align: super;">(1)</font></sup></font></p>
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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">75</font></p>
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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2030</font></p>
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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
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<p style="margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Aratu terminal</font></p>
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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">75</font></p>
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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2022</font></p>
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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
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<p style="margin: 0px; text-align: justify; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Itaqui terminal</font><font style="font-family: 'Times New Roman';"> </font><sup><font style="font-family: 'Times New Roman'; vertical-align: super;">(2)</font></sup></font></p>
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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">75</font></p>
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<p style="margin: 0pt; text-align: center;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">20</font><font style="font-family: 'Times New Roman';">30</font></font></p>
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<td style="width: 2.06295%; vertical-align: top;" valign="top"><font style="font-size: 8pt;"><sup><font style="color: #000000; font-family: 'Times New Roman'; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(1)</font></sup></font></td>
<td style="width: 97.0188%; vertical-align: top;" valign="top"><font style="font-size: 8pt;"><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">On August 18, 2021, S</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">UDENE</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">&nbsp;issued the report&nbsp;</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">recognizing</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">&nbsp;the renewal of the benefit, which was&nbsp;</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">homologated</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">&nbsp;by the SRF on October 5, 2021, with the respective benefit being retroactive to&nbsp;</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">January 2021.</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">&nbsp;</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">The report recognizing the renewal of the benefit for fruition runs until December 31, 2030.</font></font></td>
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<td style="width: 97.0188%; vertical-align: top;"><br></td>
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<td style="vertical-align: top; width: 0.918239%;"><br></td>
<td style="vertical-align: top; width: 2.06295%;" valign="top"><font style="font-size: 8pt;"><sup><font style="color: #000000; font-family: 'Times New Roman'; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(2)</font></sup></font></td>
<td style="vertical-align: top; width: 97.0188%;" valign="top"><font style="font-size: 8pt;"><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">On December</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">&nbsp;22</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">, 2021, SUDENE</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">&nbsp;issued t</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">he</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">&nbsp;report&nbsp;</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">recognizing t</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">he&nbsp;</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">benefit renewal&nbsp;</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">to&nbsp;</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">fruition until December 31, 2030</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">.</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">&nbsp;The request</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">&nbsp;</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">was</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">&nbsp;submitted to&nbsp;</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">Receita&nbsp;Federal</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">&nbsp;and&nbsp;</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">approved in January 2022, retroactive to January 1, 2021</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">.</font></font></td>
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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"><br></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">On December 31, 2021, the IRPJ reduction benefit, granted by the claims in force to the subsidiaries Oxiteno S.A., Oleoqu&#237;mica and EMCA, were reclassified to assets held for sale, see note 3.c.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold;">d. Income and social contribution taxes carryforwards</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">As of</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">December</font><font style="font-family: 'Times New Roman';"> 3</font><font style="font-family: 'Times New Roman';">1</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> 20</font><font style="font-family: 'Times New Roman';">2</font><font style="font-family: 'Times New Roman';">1</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">the Company and </font><font style="font-family: 'Times New Roman';">some</font><font style="font-family: 'Times New Roman';"> subsidiaries ha</font><font style="font-family: 'Times New Roman';">d</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">tax </font><font style="font-family: 'Times New Roman';">loss carryforwards </font><font style="font-family: 'Times New Roman';">related to </font><font style="font-family: 'Times New Roman';">income tax</font><font style="font-family: 'Times New Roman';"> (IRPJ)</font><font style="font-family: 'Times New Roman';"> and negative basis of CSLL</font><font style="font-family: 'Times New Roman';">, whose compensations are limited to 30% of taxable income</font><font style="font-family: 'Times New Roman';"> in a given tax </font><font style="font-family: 'Times New Roman';">year</font><font style="font-family: 'Times New Roman';">, which do not expire.</font></font></p>
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<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';"><br></font></font></p>
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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>56</font></font></td>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
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<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';"><br></font></font></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; font-size: 5px;"><br></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; font-size: 5px;"><br></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;"><font style="font-style: italic;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;"><font style="font-style: italic;"><br></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">The balances which are constituted of deferred taxes related to income tax loss carryforwards and negative basis of social contribution base are as follows:</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 205px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2021</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2020</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 75%; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Oil Trading</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 12%; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">53,839</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 12%; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultrapar (i)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">43,441</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">27,736</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Abastece a&#237;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">41,065</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">7,362</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Tequimar Vila do conde</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">9,861</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">489</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultracargo</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">139</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">107</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Oxiteno S.A. (ii)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">205,604</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ipiranga</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">44,537</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Iconic</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,691</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Extrafarna (ii)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">72,318</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">UVC Investimentos</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">18</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">148,345</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">363,862</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt 0pt 0pt 7.1pt; text-align: justify; text-indent: -7.1pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"><br></font></p>
<table style="width: 100%; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt; height: 68px;">

<tr style="height: 17px;">
<td style="width: 2%; vertical-align: top; height: 17px;" valign="top"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 8pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(i)</font></td>
<td style="width: 98%; vertical-align: top; height: 17px;" valign="top"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 8pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Considers the amount of R$ 8,510 of deferred taxes recognized on the tax loss of subsidiary Ultrapar International as of December 31, 2021 (R$ 7,659 as of December 31, 2020).</font></td>
</tr>
<tr style="height: 17px;">
<td style="width: 2%; vertical-align: top; height: 17px;" valign="top"><br></td>
<td style="width: 98%; vertical-align: top; height: 17px;" valign="top"><br></td>
</tr>
<tr style="height: 34px;">
<td style="vertical-align: top; height: 34px;" valign="top"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 8pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(ii)</font></td>
<td style="vertical-align: top; height: 34px;" valign="top"><font style="font-size: 8pt;"><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">As&nbsp;</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">of</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">&nbsp;December 31, 2021, the amounts of R$ 247,912 and R$ 72,318, referring to the balances constituted on deferred charges related to IRPJ tax losses and negative CSLL bases for the subsidiaries&nbsp;Oxiteno&nbsp;S</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">.</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">A</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">.</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">&nbsp;and&nbsp;Extrafarma, respectively, were reclassified to assets held for sale.</font></font></td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';"><br></font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The </font><font style="font-family: 'Times New Roman';">balances which are not constituted</font><font style="font-family: 'Times New Roman';"> of deferred </font><font style="font-family: 'Times New Roman';">taxes related to </font><font style="font-family: 'Times New Roman';">income </font><font style="font-family: 'Times New Roman';">tax loss carryforwards </font><font style="font-family: 'Times New Roman';">and </font><font style="font-family: 'Times New Roman';">negative basis of </font><font style="font-family: 'Times New Roman';">social contribution </font><font style="font-family: 'Times New Roman';">base </font><font style="font-family: 'Times New Roman';">are as follows:</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 11.35pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2021</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2020</font></p>
</td>
</tr>
<tr style="height: 11.35pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 75%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Extrafarma</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 12%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">312,521</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 1%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 12%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">294,400</font></p>
</td>
</tr>
<tr style="height: 11.35pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Integra Frotas</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">11,769</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">7,802</font></p>
</td>
</tr>
<tr style="height: 11.35pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Millennium</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,174</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">640</font></p>
</td>
</tr>
<tr style="height: 11.35pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">327,464</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">302,842</font></p>
</td>
</tr>

</table>
<p style="font-size: 11pt; line-height: 115%; margin: 2pt 0pt 1pt; text-align: justify;"><br></p>
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">e</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">. </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">Non-incidence of IRPJ/CSLL on the update by Selic of tax undue payments received from the Federal Government</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The Company and its subsidiaries have lawsuits claiming the non-incidence of IRPJ and CSLL on monetary variation (SELIC) on tax credits. On September 27, 2021, the Federal Supreme Court judged that the incidence of IRPJ and CSLL on amounts related to monetary variation (SELIC) received by taxpayers in the repetition of tax undue payments is unconstitutional. </font><font style="font-family: 'Times New Roman';">T</font><font style="font-family: 'Times New Roman';">he Company </font><font style="font-family: 'Times New Roman';">and its </font><font style="font-family: 'Times New Roman';">subsidiaries recognized R$</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">106</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">667</font><font style="font-family: 'Times New Roman';"> related to this </font><font style="font-family: 'Times New Roman';">topic</font><font style="font-family: 'Times New Roman';">.</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">On December 31, 2021, the amount of R$</font><font style="font-family: 'Times New Roman';">&nbsp;74</font><font style="font-family: 'Times New Roman';">,243 related to the subsidiaries Extrafarma, Oxiteno S.A., Oleoqu&#237;mica and EMCA, was reclassified to assets held for sale.</font></font></p>
</div>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';"><br></font></font></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>57</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;"><br></p>
<div style="width: 8.5in; margin: 0 auto;">
<div>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; font-size: 5px;"><br></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; font-size: 5px;"><br></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;"><font style="font-style: italic;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;"><br></font></font></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">11</font><font style="font-family: 'Times New Roman'; font-weight: bold;">. Prepaid </font><font style="font-family: 'Times New Roman'; font-weight: bold;">e</font><font style="font-family: 'Times New Roman'; font-weight: bold;">xpenses</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 233px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Parent</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Consolidated</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2021</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2021</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2020</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 49%; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Rents</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 12%; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 1%; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 12%; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 1%; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 12%; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">54,327</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 1%; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 12%; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">30,400</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Advertising and publicity</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">28,410</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">17,752</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Deferred stock plan, net</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,828</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,970</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,399</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">9,900</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Insurance premiums</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,351</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">971</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">26,917</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">58,675</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Software maintenance</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,522</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,105</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">19,863</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">24,233</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Employee benefits</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">595</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">526</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">8,362</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">8,924</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">IPVA and IPTU</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,553</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,632</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Contribution - private pension fund (see Note 21.a)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">19,831</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">36,068</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Other prepaid expenses</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom: 1px solid #000000; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom: 1px solid #000000; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom: 1px solid #000000; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,730</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom: 1px solid #000000; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">14,045</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">9,296</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">7,572</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">169,392</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">202,629</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Current</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">7,548</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,684</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">98,024</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">132,122</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Non-current</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,748</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,888</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">71,368</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">70,507</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;"><br></font></font></p>
<p style="margin: 0pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">12</font><font style="font-family: 'Times New Roman'; font-weight: bold;">. Contractual </font><font style="font-family: 'Times New Roman'; font-weight: bold;">a</font><font style="font-family: 'Times New Roman'; font-weight: bold;">ssets with </font><font style="font-family: 'Times New Roman'; font-weight: bold;">c</font><font style="font-family: 'Times New Roman'; font-weight: bold;">ustomers &#8211; </font><font style="font-family: 'Times New Roman'; font-weight: bold;">e</font><font style="font-family: 'Times New Roman'; font-weight: bold;">xclusive </font><font style="font-family: 'Times New Roman'; font-weight: bold;">r</font><font style="font-family: 'Times New Roman'; font-weight: bold;">ights (Consolidated)</font></font></p>
<p><font style="font-size: 5px;"><font style="font-family: 'Times New Roman'; font-weight: bold;"><br></font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Refers to exclusive rights disbursements of</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">Ipiranga&#8217;s agreements with reseller service stations and major consumers that are recognized at the time of their occurrence and recognized as a reduction</font><font style="font-family: 'Times New Roman';">s</font><font style="font-family: 'Times New Roman';"> of the </font><font style="font-family: 'Times New Roman';">revenue from sales and services</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">in the statement </font><font style="font-family: 'Times New Roman';">of profit or loss </font><font style="font-family: 'Times New Roman';">according to the conditions established in the agreement</font><font style="font-family: 'Times New Roman';">, being</font><font style="font-family: 'Times New Roman';"> reviewed as changes occur under the terms of the agreements.</font><font style="font-family: 'Times New Roman';"> In December 31, 202</font><font style="font-family: 'Times New Roman';">1</font><font style="font-family: 'Times New Roman';">, the contracts </font><font style="font-family: 'Times New Roman';">amortization weighted average </font><font style="font-family: 'Times New Roman';">term was five years.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Balance and</font><font style="font-family: 'Times New Roman';"> changes are shown below:</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 87%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Balance as of December 31, 2019</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 1%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 12%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,465,989</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Additions</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">549,085</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Amortization</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(289,436)</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Transfer</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(19,307)</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Balance as of December 31, 2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,706,331</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Additions</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">689,986</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Amortization</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(282,521)</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Transfer</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(34,570)</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Balance as of December 31, 2021</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,079,226</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Current</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">555,052</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Non-current</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,524,174</font></p>
</td>
</tr>

</table>
</div>
<div>
<p style="margin: 0pt; text-align: justify;"><br></p>
</div>
</div>
</div>
<div>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>58</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;"><br></p>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; font-size: 5px;"><br></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; font-size: 5px;"><br></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;"><font style="font-style: italic;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
<h1 style="margin: 0pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">13</font><font style="font-family: 'Times New Roman'; font-weight: bold;">. </font><font style="font-family: 'Times New Roman'; font-weight: bold;">Investments</font></font></h1>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The table below presents the amoun</font><font style="font-family: 'Times New Roman';">t reconciliation </font><font style="font-family: 'Times New Roman';">of </font><font style="font-family: 'Times New Roman';">share of profit (loss) of subsidiaries, joint ventures and associates</font><font style="font-family: 'Times New Roman';">:</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 113px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: Arial; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: Arial; font-size: 8pt;">&nbsp;</font></p>
</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 1pt solid #000000; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Parent</font></p>
</td>
<td style="vertical-align: bottom; height: 17px;"><br></td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 1pt solid #000000; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Consolidated</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: Arial; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Note</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2021</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2021</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2020</font></p>
</td>
</tr>
<tr style="background-color: #cceeff; height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 43%; background-color: #cceeff; height: 10px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 6%; background-color: #cceeff; height: 10px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 12%; background-color: #cceeff; height: 10px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1%; background-color: #cceeff; height: 10px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 12%; background-color: #cceeff; height: 10px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1%; background-color: #cceeff; height: 10px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 12%; background-color: #cceeff; height: 10px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1%; background-color: #cceeff; height: 10px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 12%; text-align: center; background-color: #cceeff; height: 10px;"><font style="font-family: 'times new roman', times; font-size: 8pt;"><b style="mso-bidi-font-weight: normal;"><font lang="PT-BR" style="color: #000000;">Restated (i)</font></b></font></td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 43%; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Subsidiaries</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 6%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">13.a</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 12%; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-align: right; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">828,150</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1%; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 12%; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-align: right; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">691,721</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1%; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 12%; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-align: right; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1%; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 12%; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-align: right; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Joint ventures</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">13.b</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-align: right; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">822</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-align: right; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(21,788)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-align: right; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(18,068)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-align: right; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(45,812)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Associates</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">13.c</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt 0pt 0pt 10pt; text-align: right; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt 0pt 0pt 10pt; text-align: right; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt 0pt 0pt 10pt; text-align: right; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">434</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt 0pt 0pt 10pt; text-align: right; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,781</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 18px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt 0pt 0pt 10pt; text-align: right; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">828,972</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 18px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 18px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt 0pt 0pt 10pt; text-align: right; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">669,933</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 18px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 18px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt 0pt 0pt 10pt; text-align: right; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(17,634)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 18px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 18px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt 0pt 0pt 10pt; text-align: right; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(44,031)</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 8pt;"><font style="font-size: 10pt;"><sub><font style="font-family: 'Times New Roman'; vertical-align: super;">(i)</font></sub></font><font style="font-family: 'Times New Roman';"> See Note 3.c.3.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">a.</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">Subsidiaries and joint venture (Parent)</font></font></p>
<p style="margin: 0pt; text-align: justify; text-indent: 7.1pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The table below present</font><font style="font-family: 'Times New Roman';">s</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">the full </font><font style="font-family: 'Times New Roman';">amounts</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">of </font><font style="font-family: 'Times New Roman';">statements of financial position</font><font style="font-family: 'Times New Roman';"> and </font><font style="font-family: 'Times New Roman';">statements of profit or </font><font style="font-family: 'Times New Roman';">loss of</font><font style="font-family: 'Times New Roman';"> subsidiaries and joint venture:</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td colspan="8" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2021</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td colspan="7" style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Subsidiaries</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Joint venture</font></p>
</td>
</tr>
<tr style="height: 28.35pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Ultracargo - Opera&#231;&#245;es Log&#237;sticas e Participa&#231;&#245;es Ltda. </font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Ipiranga Produtos de Petr&#243;leo S.A.</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Ultrapar International S.A.</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">UVC</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Centro de Conveni&#234;ncias Millennium Ltda. </font><font style="font-family: 'Times New Roman'; font-weight: bold; vertical-align: super;">(**)</font></font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Ea&#237; Clube Automobilista S.A.</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Refinaria de Petr&#243;leo Riograndense S.A.</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 29%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Number of shares or units held</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">11,839,764</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">224,467,228,244</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">49,995</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">150</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 1%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">16,990,008</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">160,000,000</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,078,888</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Assets</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,477,660</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">22,477,725</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">7,807,523</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">36,518</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">14,180</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">154,263</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">452,681</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Liabilities</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,771</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">14,958,089</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">7,821,722</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">27</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,852</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">75,367</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">438,981</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Equity</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,474,889</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">7,519,636</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(14,199)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">36,491</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">9,328</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">78,896</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">13,700</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Net revenue from sales and services</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">95,424,365</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">36,734</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">84,733</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,092,786</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Net income (loss)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">180,742</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">513,253</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">19,501</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(3,433)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(3,850)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(62,088)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,477</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">% of capital held</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">33</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman';">(**) Balances are valued using the equity method based on informatio</font><font style="font-family: 'Times New Roman';">n as of November 30, 2021.</font></font></p>
</div>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';"><br></font></font></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>59</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';"><br></font></font></p>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; font-size: 5px;"><br></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; font-size: 5px;"><br></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;"><font style="font-style: italic;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;"><br></font></font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 208px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td colspan="10" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2020</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td colspan="8" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Subsidiaries</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Joint venture</font></p>
</td>
</tr>
<tr style="height: 55px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 55px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 55px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Ultracargo - Opera&#231;&#245;es Log&#237;sticas e Participa&#231;&#245;es Ltda. </font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 55px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Oxiteno S.A. Ind&#250;stria e Com&#233;rcio&nbsp; </font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 55px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Ipiranga Produtos de Petr&#243;leo S.A.</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 55px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Ultrapar International S.A.</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 55px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 55px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">UVC</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 55px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Centro de Conveni&#234;ncias Millennium Ltda.</font></font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 55px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Ea&#237; Clube Automobilista S.A.</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 55px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 55px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Refinaria de Petr&#243;leo Riograndense S.A.</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 18%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Number of shares or units held</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">11,839,764</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">35,102,127</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">224,467,228,244</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">49,995</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">150</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">15,194,789</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">80,000,000</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,078,888</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Assets</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,423,217</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">8,142,503</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">20,612,986</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">7,239,492</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,385</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">14,902</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">85,858</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">462,990</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Liabilities</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,861</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">6,435,367</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">13,288,033</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">7,273,193</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">27</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,314</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">22,072</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">469,300</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Equity</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,420,356</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';"> 1</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">707</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">136 (*)</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';"> 7</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">324</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">953</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">(*)</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(33,701)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,358</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">9,588</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">63,786</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(6,310)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Net revenue from sales and services</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 4,039,475</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 64,352,163</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">10,034</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">17,223</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,455,668</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Net income (loss)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">157,404</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';"> 228</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">146 (*)</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';"> 617</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">218</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">(*)</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(6,201)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(3,598)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,601)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(19,014)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(65,623)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">% of capital held</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">33</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman';">(*) </font><font style="font-family: 'Times New Roman';">A</font><font style="font-family: 'Times New Roman';">djusted for intercompany unrealized profits</font><font style="font-family: 'Times New Roman';">.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';"><br></font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">The percentages in the table above are rounded.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The f</font><font style="font-family: 'Times New Roman';">inancial information </font><font style="font-family: 'Times New Roman';">from business segments</font><font style="font-family: 'Times New Roman';"> is detailed in Note </font><font style="font-family: 'Times New Roman';">33</font><font style="font-family: 'Times New Roman';">.</font></font></p>
</div>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';"><br></font></font></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>60</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';"><br></font></font></p>
<div style="width: 8.5in; margin: 0 auto;">
<div>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; font-size: 5px;"><br></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; font-size: 5px;"><br></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;"><font style="font-style: italic;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;"><br></font></font></p>
</div>
<div>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">B</font><font style="font-family: 'Times New Roman';">alances and changes in subsidiaries and joint venture are as follows:</font></font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin: 0px auto; font-family: 'times new roman'; font-size: 10pt; width: 99.8672%;" width="100%">

<tr>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; width: 10.5856%;"><br></td>
<td style="padding: 0px; vertical-align: bottom; border-bottom-width: 1px; width: 1.12613%;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; text-align: center; border-bottom: 1px solid #000000; width: 414.149%;" colspan="18"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 10.6667px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Subsidiaries</font></td>
<td style="padding: 0px; vertical-align: bottom; border-bottom-width: 1px; width: 0.1221%;" colspan="2"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; text-align: center; border-bottom: 1px solid #000000; width: 8.7645%;" colspan="2"><font style="color: #000000; font-family: 'Times New Roman'; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 10.6667px; text-align: center; float: none; display: inline !important;">Joint venture</font><font style="color: #000000; font-family: 'Times New Roman'; font-size: 10.6667px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">&nbsp;</font></td>
<td style="padding: 0px; vertical-align: bottom; border-bottom-width: 1px; width: 1.221%;" colspan="2"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; width: 7.9955%;"><br></td>
</tr>
<tr style="height: 48.2pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; width: 10.5856%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; border-bottom-width: 1px; width: 1.12613%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; width: 7.88288%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Ultracargo Opera&#231;&#245;es Log&#237;sticas e Participa&#231;&#245;es Ltda. </font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding: 0px; vertical-align: bottom; border-bottom-width: 1px; width: 1.35135%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; width: 7.9955%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Oxiteno S.A. Ind&#250;stria e Com&#233;rcio&nbsp; </font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding: 0px; vertical-align: bottom; border-bottom-width: 1px; width: 1.46396%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; width: 6.98198%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Ipiranga Produtos de Petr&#243;leo S.A.</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding: 0px; vertical-align: bottom; border-bottom-width: 1px; width: 1.35135%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; width: 5.40541%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">UVC</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding: 0px; vertical-align: bottom; border-bottom-width: 1px; width: 1.35135%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; width: 8.44595%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Centro de Conveni&#234;ncias Millennium Ltda.</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding: 0px; vertical-align: bottom; border-bottom-width: 1px; width: 1.46396%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; width: 8.22072%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Ea&#237; Clube Automobilista S.A.</font></p>
</td>
<td colspan="2" style="border-top: 0.5pt solid #000000; padding: 0px; vertical-align: bottom; border-bottom-width: 1px; width: 103.442%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; width: 7.88288%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Ultrapar International S.A.</font></p>
</td>
<td colspan="2" style="border-top: 0.5pt solid #000000; padding: 0px; vertical-align: bottom; border-bottom-width: 1px; width: 121.047%;"><br></td>
<td colspan="2" style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; width: 129.863%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Total</font></p>
</td>
<td colspan="2" style="padding: 0px; vertical-align: bottom; border-bottom-width: 1px; width: 0.1221%;"><br></td>
<td colspan="2" style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; width: 8.7645%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Refinaria de Petr&#243;leo Riograndense S.A.</font></p>
</td>
<td colspan="2" style="padding: 0px; vertical-align: bottom; border-bottom-width: 1px; width: 1.221%;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; width: 7.9955%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Total</font></p>
</td>
</tr>
<tr style="height: 11.35pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 10.5856%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Balance as of December 31, 2019</font></p>
</td>
<td style="padding: 0px; vertical-align: middle; background-color: #cceeff; width: 1.12613%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 7.88288%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,261,997</font></p>
</td>
<td style="padding: 0px; vertical-align: middle; background-color: #cceeff; width: 1.35135%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 7.9955%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,803,209</font></p>
</td>
<td style="padding: 0px; vertical-align: middle; background-color: #cceeff; width: 1.46396%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 6.98198%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">7,020,747</font></p>
</td>
<td style="padding: 0px; vertical-align: middle; background-color: #cceeff; width: 1.35135%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 5.40541%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding: 0px; vertical-align: middle; background-color: #cceeff; width: 1.35135%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 8.44595%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding: 0px; vertical-align: middle; background-color: #cceeff; width: 1.46396%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 8.22072%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td colspan="2" style="padding: 0px; vertical-align: middle; background-color: #cceeff; width: 103.442%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 7.88288%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td colspan="2" style="padding: 0px; vertical-align: middle; background-color: #cceeff; width: 121.047%;"><br></td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 129.863%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">10,085,953</font></p>
</td>
<td colspan="2" style="padding: 0px; vertical-align: middle; background-color: #cceeff; width: 0.1221%;"><br></td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 8.7645%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">18,792</font></p>
</td>
<td colspan="2" style="padding: 0px; vertical-align: middle; background-color: #cceeff; width: 1.221%;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 7.9955%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">10,104,745</font></p>
</td>
</tr>
<tr style="height: 19.85pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10.5856%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Share of profit (loss) of subsidiaries and joint venture from continuing operations</font></p>
</td>
<td style="padding: 0px; vertical-align: middle; width: 1.12613%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7.88288%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">157,404</font></p>
</td>
<td style="padding: 0px; vertical-align: middle; width: 1.35135%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7.9955%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(12)</font></p>
</td>
<td style="padding: 0px; vertical-align: middle; width: 1.46396%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 6.98198%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">783,550</font></p>
</td>
<td style="padding: 0px; vertical-align: middle; width: 1.35135%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 5.40541%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(3,598)</font></p>
</td>
<td style="padding: 0px; vertical-align: middle; width: 1.35135%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 8.44595%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,601)</font></p>
</td>
<td style="padding: 0px; vertical-align: middle; width: 1.46396%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 8.22072%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(19,014)</font></p>
</td>
<td colspan="2" style="padding: 0px; vertical-align: middle; width: 103.442%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7.88288%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(225,008)</font></p>
</td>
<td colspan="2" style="padding: 0px; vertical-align: middle; width: 121.047%;"><br></td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 129.863%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">691,721</font></p>
</td>
<td colspan="2" style="padding: 0px; vertical-align: middle; width: 0.1221%;"><br></td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 8.7645%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(21,788)</font></p>
</td>
<td colspan="2" style="padding: 0px; vertical-align: middle; width: 1.221%;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7.9955%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">669,933</font></p>
</td>
</tr>
<tr style="height: 19.85pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 10.5856%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Share of profit (loss) of subsidiaries and joint venture from discontinued operations (ii)</font></p>
</td>
<td style="padding: 0px; vertical-align: middle; background-color: #cceeff; width: 1.12613%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 7.88288%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding: 0px; vertical-align: middle; background-color: #cceeff; width: 1.35135%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 7.9955%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">228,158</font></p>
</td>
<td style="padding: 0px; vertical-align: middle; background-color: #cceeff; width: 1.46396%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 6.98198%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(166,332)</font></p>
</td>
<td style="padding: 0px; vertical-align: middle; background-color: #cceeff; width: 1.35135%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 5.40541%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding: 0px; vertical-align: middle; background-color: #cceeff; width: 1.35135%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 8.44595%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding: 0px; vertical-align: middle; background-color: #cceeff; width: 1.46396%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 8.22072%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td colspan="2" style="padding: 0px; vertical-align: middle; background-color: #cceeff; width: 103.442%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 7.88288%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">218,807</font></p>
</td>
<td colspan="2" style="padding: 0px; vertical-align: middle; background-color: #cceeff; width: 121.047%;"><br></td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 129.863%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">280,633</font></p>
</td>
<td colspan="2" style="padding: 0px; vertical-align: middle; background-color: #cceeff; width: 0.1221%;"><br></td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 8.7645%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td colspan="2" style="padding: 0px; vertical-align: middle; background-color: #cceeff; width: 1.221%;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 7.9955%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">280,633</font></p>
</td>
</tr>
<tr style="height: 11.35pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10.5856%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Dividends</font></p>
</td>
<td style="padding: 0px; vertical-align: middle; width: 1.12613%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7.88288%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding: 0px; vertical-align: middle; width: 1.35135%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7.9955%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(141,138)</font></p>
</td>
<td style="padding: 0px; vertical-align: middle; width: 1.46396%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 6.98198%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(305,130)</font></p>
</td>
<td style="padding: 0px; vertical-align: middle; width: 1.35135%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 5.40541%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding: 0px; vertical-align: middle; width: 1.35135%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 8.44595%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding: 0px; vertical-align: middle; width: 1.46396%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 8.22072%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td colspan="2" style="padding: 0px; vertical-align: middle; width: 103.442%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7.88288%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td colspan="2" style="padding: 0px; vertical-align: middle; width: 121.047%;"><br></td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 129.863%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(446,268)</font></p>
</td>
<td colspan="2" style="padding: 0px; vertical-align: middle; width: 0.1221%;"><br></td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 8.7645%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(165)</font></p>
</td>
<td colspan="2" style="padding: 0px; vertical-align: middle; width: 1.221%;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7.9955%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(446,433)</font></p>
</td>
</tr>
<tr style="height: 11.35pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 10.5856%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Tax charges on revaluation reserve</font></p>
</td>
<td style="padding: 0px; vertical-align: middle; background-color: #cceeff; width: 1.12613%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 7.88288%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding: 0px; vertical-align: middle; background-color: #cceeff; width: 1.35135%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 7.9955%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding: 0px; vertical-align: middle; background-color: #cceeff; width: 1.46396%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 6.98198%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(12)</font></p>
</td>
<td style="padding: 0px; vertical-align: middle; background-color: #cceeff; width: 1.35135%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 5.40541%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding: 0px; vertical-align: middle; background-color: #cceeff; width: 1.35135%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 8.44595%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding: 0px; vertical-align: middle; background-color: #cceeff; width: 1.46396%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 8.22072%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td colspan="2" style="padding: 0px; vertical-align: middle; background-color: #cceeff; width: 103.442%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 7.88288%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td colspan="2" style="padding: 0px; vertical-align: middle; background-color: #cceeff; width: 121.047%;"><br></td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 129.863%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(12)</font></p>
</td>
<td colspan="2" style="padding: 0px; vertical-align: middle; background-color: #cceeff; width: 0.1221%;"><br></td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 8.7645%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td colspan="2" style="padding: 0px; vertical-align: middle; background-color: #cceeff; width: 1.221%;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 7.9955%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(12)</font></p>
</td>
</tr>
<tr style="height: 11.35pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10.5856%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Equity instrument granted</font></p>
</td>
<td style="padding: 0px; vertical-align: middle; width: 1.12613%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7.88288%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">503</font></p>
</td>
<td style="padding: 0px; vertical-align: middle; width: 1.35135%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7.9955%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">703</font></p>
</td>
<td style="padding: 0px; vertical-align: middle; width: 1.46396%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 6.98198%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,902</font></p>
</td>
<td style="padding: 0px; vertical-align: middle; width: 1.35135%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 5.40541%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding: 0px; vertical-align: middle; width: 1.35135%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 8.44595%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding: 0px; vertical-align: middle; width: 1.46396%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 8.22072%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,800</font></p>
</td>
<td colspan="2" style="padding: 0px; vertical-align: middle; width: 103.442%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7.88288%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td colspan="2" style="padding: 0px; vertical-align: middle; width: 121.047%;"><br></td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 129.863%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,908</font></p>
</td>
<td colspan="2" style="padding: 0px; vertical-align: middle; width: 0.1221%;"><br></td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 8.7645%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td colspan="2" style="padding: 0px; vertical-align: middle; width: 1.221%;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7.9955%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,908</font></p>
</td>
</tr>
<tr style="height: 11.35pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 10.5856%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Valuation adjustment of subsidiaries (i)</font></p>
</td>
<td style="padding: 0px; vertical-align: middle; background-color: #cceeff; width: 1.12613%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 7.88288%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">487</font></p>
</td>
<td style="padding: 0px; vertical-align: middle; background-color: #cceeff; width: 1.35135%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 7.9955%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(312,953)</font></p>
</td>
<td style="padding: 0px; vertical-align: middle; background-color: #cceeff; width: 1.46396%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 6.98198%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(7,554)</font></p>
</td>
<td style="padding: 0px; vertical-align: middle; background-color: #cceeff; width: 1.35135%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 5.40541%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding: 0px; vertical-align: middle; background-color: #cceeff; width: 1.35135%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 8.44595%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding: 0px; vertical-align: middle; background-color: #cceeff; width: 1.46396%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 8.22072%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td colspan="2" style="padding: 0px; vertical-align: middle; background-color: #cceeff; width: 103.442%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 7.88288%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td colspan="2" style="padding: 0px; vertical-align: middle; background-color: #cceeff; width: 121.047%;"><br></td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 129.863%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(320,020)</font></p>
</td>
<td colspan="2" style="padding: 0px; vertical-align: middle; background-color: #cceeff; width: 0.1221%;"><br></td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 8.7645%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,065</font></p>
</td>
<td colspan="2" style="padding: 0px; vertical-align: middle; background-color: #cceeff; width: 1.221%;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 7.9955%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(318,955)</font></p>
</td>
</tr>
<tr style="height: 11.35pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10.5856%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Translation adjustments of foreign-based subsidiaries</font></p>
</td>
<td style="padding: 0px; vertical-align: middle; width: 1.12613%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7.88288%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding: 0px; vertical-align: middle; width: 1.35135%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7.9955%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">129,169</font></p>
</td>
<td style="padding: 0px; vertical-align: middle; width: 1.46396%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 6.98198%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding: 0px; vertical-align: middle; width: 1.35135%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 5.40541%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding: 0px; vertical-align: middle; width: 1.35135%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 8.44595%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding: 0px; vertical-align: middle; width: 1.46396%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 8.22072%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td colspan="2" style="padding: 0px; vertical-align: middle; width: 103.442%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7.88288%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td colspan="2" style="padding: 0px; vertical-align: middle; width: 121.047%;"><br></td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 129.863%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">129,169</font></p>
</td>
<td colspan="2" style="padding: 0px; vertical-align: middle; width: 0.1221%;"><br></td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 8.7645%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td colspan="2" style="padding: 0px; vertical-align: middle; width: 1.221%;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7.9955%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">129,169</font></p>
</td>
</tr>
<tr style="height: 11.35pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 10.5856%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Capital increase in cash</font></p>
</td>
<td style="padding: 0px; vertical-align: middle; background-color: #cceeff; width: 1.12613%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 7.88288%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding: 0px; vertical-align: middle; background-color: #cceeff; width: 1.35135%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 7.9955%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding: 0px; vertical-align: middle; background-color: #cceeff; width: 1.46396%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 6.98198%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding: 0px; vertical-align: middle; background-color: #cceeff; width: 1.35135%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 5.40541%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">7,956</font></p>
</td>
<td style="padding: 0px; vertical-align: middle; background-color: #cceeff; width: 1.35135%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 8.44595%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">10,000</font></p>
</td>
<td style="padding: 0px; vertical-align: middle; background-color: #cceeff; width: 1.46396%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 8.22072%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">80,000</font></p>
</td>
<td colspan="2" style="padding: 0px; vertical-align: middle; background-color: #cceeff; width: 103.442%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 7.88288%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td colspan="2" style="padding: 0px; vertical-align: middle; background-color: #cceeff; width: 121.047%;"><br></td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 129.863%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">97,956</font></p>
</td>
<td colspan="2" style="padding: 0px; vertical-align: middle; background-color: #cceeff; width: 0.1221%;"><br></td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 8.7645%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td colspan="2" style="padding: 0px; vertical-align: middle; background-color: #cceeff; width: 1.221%;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 7.9955%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">97,956</font></p>
</td>
</tr>
<tr style="height: 11.35pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10.5856%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Loss due to the payments fixed dividends to preferred shares</font></p>
</td>
<td style="padding: 0px; vertical-align: middle; width: 1.12613%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7.88288%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(35)</font></p>
</td>
<td style="padding: 0px; vertical-align: middle; width: 1.35135%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7.9955%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding: 0px; vertical-align: middle; width: 1.46396%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 6.98198%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,029)</font></p>
</td>
<td style="padding: 0px; vertical-align: middle; width: 1.35135%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 5.40541%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding: 0px; vertical-align: middle; width: 1.35135%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 8.44595%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding: 0px; vertical-align: middle; width: 1.46396%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 8.22072%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td colspan="2" style="padding: 0px; vertical-align: middle; width: 103.442%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7.88288%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td colspan="2" style="padding: 0px; vertical-align: middle; width: 121.047%;"><br></td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 129.863%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,064)</font></p>
</td>
<td colspan="2" style="padding: 0px; vertical-align: middle; width: 0.1221%;"><br></td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 8.7645%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td colspan="2" style="padding: 0px; vertical-align: middle; width: 1.221%;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7.9955%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,064)</font></p>
</td>
</tr>
<tr style="height: 11.35pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 10.5856%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Shareholder transaction &#8211; changes of investments</font></p>
</td>
<td style="padding: 0px; vertical-align: middle; background-color: #cceeff; width: 1.12613%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 7.88288%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding: 0px; vertical-align: middle; background-color: #cceeff; width: 1.35135%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 7.9955%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding: 0px; vertical-align: middle; background-color: #cceeff; width: 1.46396%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 6.98198%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,189)</font></p>
</td>
<td style="padding: 0px; vertical-align: middle; background-color: #cceeff; width: 1.35135%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 5.40541%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding: 0px; vertical-align: middle; background-color: #cceeff; width: 1.35135%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 8.44595%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,189</font></p>
</td>
<td style="padding: 0px; vertical-align: middle; background-color: #cceeff; width: 1.46396%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 8.22072%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td colspan="2" style="padding: 0px; vertical-align: middle; background-color: #cceeff; width: 103.442%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 7.88288%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td colspan="2" style="padding: 0px; vertical-align: middle; background-color: #cceeff; width: 121.047%;"><br></td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 129.863%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td colspan="2" style="padding: 0px; vertical-align: middle; background-color: #cceeff; width: 0.1221%;"><br></td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 8.7645%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td colspan="2" style="padding: 0px; vertical-align: middle; background-color: #cceeff; width: 1.221%;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 7.9955%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 11.35pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10.5856%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Transfer to provision for liabilities</font></p>
</td>
<td style="padding: 0px; vertical-align: middle; width: 1.12613%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1pt solid #000000; width: 7.88288%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding: 0px; vertical-align: middle; width: 1.35135%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1pt solid #000000; width: 7.9955%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding: 0px; vertical-align: middle; width: 1.46396%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1pt solid #000000; width: 6.98198%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding: 0px; vertical-align: middle; width: 1.35135%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1pt solid #000000; width: 5.40541%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding: 0px; vertical-align: middle; width: 1.35135%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1pt solid #000000; width: 8.44595%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding: 0px; vertical-align: middle; width: 1.46396%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1pt solid #000000; width: 8.22072%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td colspan="2" style="padding: 0px; vertical-align: middle; width: 103.442%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1pt solid #000000; width: 7.88288%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">6,201</font></p>
</td>
<td colspan="2" style="padding: 0px; vertical-align: middle; width: 121.047%;"><br></td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1pt solid #000000; width: 129.863%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">6,201</font></p>
</td>
<td colspan="2" style="padding: 0px; vertical-align: middle; width: 0.1221%;"><br></td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1pt solid #000000; width: 8.7645%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,096</font></p>
</td>
<td colspan="2" style="padding: 0px; vertical-align: middle; width: 1.221%;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1pt solid #000000; width: 7.9955%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">8,297</font></p>
</td>
</tr>
<tr style="height: 11.35pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 10.5856%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Balance as of December 31, 2020</font></p>
</td>
<td style="padding: 0px; vertical-align: middle; background-color: #cceeff; width: 1.12613%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 7.88288%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,420,356</font></p>
</td>
<td style="padding: 0px; vertical-align: middle; background-color: #cceeff; width: 1.35135%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 7.9955%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,707,136</font></p>
</td>
<td style="padding: 0px; vertical-align: middle; background-color: #cceeff; width: 1.46396%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 6.98198%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">7,324,953</font></p>
</td>
<td style="padding: 0px; vertical-align: middle; background-color: #cceeff; width: 1.35135%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 5.40541%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,358</font></p>
</td>
<td style="padding: 0px; vertical-align: middle; background-color: #cceeff; width: 1.35135%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 8.44595%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">9,588</font></p>
</td>
<td style="padding: 0px; vertical-align: middle; background-color: #cceeff; width: 1.46396%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 8.22072%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">63,786</font></p>
</td>
<td colspan="2" style="padding: 0px; vertical-align: middle; background-color: #cceeff; width: 103.442%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 7.88288%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td colspan="2" style="padding: 0px; vertical-align: middle; background-color: #cceeff; width: 121.047%;"><br></td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 129.863%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">10,530,177</font></p>
</td>
<td colspan="2" style="padding: 0px; vertical-align: middle; background-color: #cceeff; width: 0.1221%;"><br></td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 8.7645%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td colspan="2" style="padding: 0px; vertical-align: middle; background-color: #cceeff; width: 1.221%;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 7.9955%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">10,530,177</font></p>
</td>
</tr>
<tr style="height: 19.85pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10.5856%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Share of profit (loss) of subsidiaries and joint venture from continuing operations</font></p>
</td>
<td style="padding: 0px; vertical-align: middle; width: 1.12613%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7.88288%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">180,742</font></p>
</td>
<td style="padding: 0px; vertical-align: middle; width: 1.35135%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7.9955%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(14)</font></p>
</td>
<td style="padding: 0px; vertical-align: middle; width: 1.46396%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 6.98198%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">914,918</font></p>
</td>
<td style="padding: 0px; vertical-align: middle; width: 1.35135%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 5.40541%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(3,433)</font></p>
</td>
<td style="padding: 0px; vertical-align: middle; width: 1.35135%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 8.44595%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(3,850)</font></p>
</td>
<td style="padding: 0px; vertical-align: middle; width: 1.46396%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 8.22072%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(62,088)</font></p>
</td>
<td colspan="2" style="padding: 0px; vertical-align: middle; width: 103.442%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7.88288%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(198,125)</font></p>
</td>
<td colspan="2" style="padding: 0px; vertical-align: middle; width: 121.047%;"><br></td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 129.863%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">828,150</font></p>
</td>
<td colspan="2" style="padding: 0px; vertical-align: middle; width: 0.1221%;"><br></td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 8.7645%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">822</font></p>
</td>
<td colspan="2" style="padding: 0px; vertical-align: middle; width: 1.221%;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7.9955%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">828,972</font></p>
</td>
</tr>
<tr style="height: 19.85pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 10.5856%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Share of profit (loss) of subsidiaries and joint venture from discontinued operations (ii)</font></p>
</td>
<td style="padding: 0px; vertical-align: middle; background-color: #cceeff; width: 1.12613%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 7.88288%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: middle; background-color: #cceeff; width: 1.35135%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 7.9955%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">249,303</font></p>
</td>
<td style="padding: 0px; vertical-align: middle; background-color: #cceeff; width: 1.46396%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 6.98198%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(401,665)</font></p>
</td>
<td style="padding: 0px; vertical-align: middle; background-color: #cceeff; width: 1.35135%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 5.40541%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: middle; background-color: #cceeff; width: 1.35135%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 8.44595%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: middle; background-color: #cceeff; width: 1.46396%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 8.22072%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td colspan="2" style="padding: 0px; vertical-align: middle; background-color: #cceeff; width: 103.442%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 7.88288%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">217,626</font></p>
</td>
<td colspan="2" style="padding: 0px; vertical-align: middle; background-color: #cceeff; width: 121.047%;"><br></td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 129.863%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">65,264</font></p>
</td>
<td colspan="2" style="padding: 0px; vertical-align: middle; background-color: #cceeff; width: 0.1221%;"><br></td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 8.7645%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td colspan="2" style="padding: 0px; vertical-align: middle; background-color: #cceeff; width: 1.221%;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 7.9955%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">65,264</font></p>
</td>
</tr>
<tr style="height: 11.35pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10.5856%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Dividends</font></p>
</td>
<td style="padding: 0px; vertical-align: middle; width: 1.12613%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7.88288%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(127,969)</font></p>
</td>
<td style="padding: 0px; vertical-align: middle; width: 1.35135%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7.9955%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(215,114)</font></p>
</td>
<td style="padding: 0px; vertical-align: middle; width: 1.46396%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 6.98198%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(349,893)</font></p>
</td>
<td style="padding: 0px; vertical-align: middle; width: 1.35135%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 5.40541%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: middle; width: 1.35135%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 8.44595%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: middle; width: 1.46396%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 8.22072%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td colspan="2" style="padding: 0px; vertical-align: middle; width: 103.442%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7.88288%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td colspan="2" style="padding: 0px; vertical-align: middle; width: 121.047%;"><br></td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 129.863%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(692,976)</font></p>
</td>
<td colspan="2" style="padding: 0px; vertical-align: middle; width: 0.1221%;"><br></td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 8.7645%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td colspan="2" style="padding: 0px; vertical-align: middle; width: 1.221%;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7.9955%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(692,976)</font></p>
</td>
</tr>
<tr style="height: 11.35pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 10.5856%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Equity instrument granted</font></p>
</td>
<td style="padding: 0px; vertical-align: middle; background-color: #cceeff; width: 1.12613%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 7.88288%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,507</font></p>
</td>
<td style="padding: 0px; vertical-align: middle; background-color: #cceeff; width: 1.35135%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 7.9955%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,281</font></p>
</td>
<td style="padding: 0px; vertical-align: middle; background-color: #cceeff; width: 1.46396%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 6.98198%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,643</font></p>
</td>
<td style="padding: 0px; vertical-align: middle; background-color: #cceeff; width: 1.35135%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 5.40541%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: middle; background-color: #cceeff; width: 1.35135%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 8.44595%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: middle; background-color: #cceeff; width: 1.46396%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 8.22072%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2,800)</font></p>
</td>
<td colspan="2" style="padding: 0px; vertical-align: middle; background-color: #cceeff; width: 103.442%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 7.88288%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td colspan="2" style="padding: 0px; vertical-align: middle; background-color: #cceeff; width: 121.047%;"><br></td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 129.863%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,631</font></p>
</td>
<td colspan="2" style="padding: 0px; vertical-align: middle; background-color: #cceeff; width: 0.1221%;"><br></td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 8.7645%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td colspan="2" style="padding: 0px; vertical-align: middle; background-color: #cceeff; width: 1.221%;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 7.9955%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,631</font></p>
</td>
</tr>
<tr style="height: 11.35pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10.5856%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Valuation adjustment of subsidiaries (i)</font></p>
</td>
<td style="padding: 0px; vertical-align: middle; width: 1.12613%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7.88288%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">11</font></p>
</td>
<td style="padding: 0px; vertical-align: middle; width: 1.35135%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7.9955%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">7,720</font></p>
</td>
<td style="padding: 0px; vertical-align: middle; width: 1.46396%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 6.98198%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(375)</font></p>
</td>
<td style="padding: 0px; vertical-align: middle; width: 1.35135%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 5.40541%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: middle; width: 1.35135%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 8.44595%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: middle; width: 1.46396%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 8.22072%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2)</font></p>
</td>
<td colspan="2" style="padding: 0px; vertical-align: middle; width: 103.442%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7.88288%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2)</font></p>
</td>
<td colspan="2" style="padding: 0px; vertical-align: middle; width: 121.047%;"><br></td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 129.863%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">7,352</font></p>
</td>
<td colspan="2" style="padding: 0px; vertical-align: middle; width: 0.1221%;"><br></td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 8.7645%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">99</font></p>
</td>
<td colspan="2" style="padding: 0px; vertical-align: middle; width: 1.221%;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7.9955%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">7,451</font></p>
</td>
</tr>
<tr style="height: 11.35pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 10.5856%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Translation adjustments of foreign-based subsidiaries</font></p>
</td>
<td style="padding: 0px; vertical-align: middle; background-color: #cceeff; width: 1.12613%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 7.88288%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: middle; background-color: #cceeff; width: 1.35135%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 7.9955%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">73,049</font></p>
</td>
<td style="padding: 0px; vertical-align: middle; background-color: #cceeff; width: 1.46396%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 6.98198%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: middle; background-color: #cceeff; width: 1.35135%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 5.40541%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: middle; background-color: #cceeff; width: 1.35135%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 8.44595%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: middle; background-color: #cceeff; width: 1.46396%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 8.22072%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td colspan="2" style="padding: 0px; vertical-align: middle; background-color: #cceeff; width: 103.442%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 7.88288%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td colspan="2" style="padding: 0px; vertical-align: middle; background-color: #cceeff; width: 121.047%;"><br></td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 129.863%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">73,049</font></p>
</td>
<td colspan="2" style="padding: 0px; vertical-align: middle; background-color: #cceeff; width: 0.1221%;"><br></td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 8.7645%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td colspan="2" style="padding: 0px; vertical-align: middle; background-color: #cceeff; width: 1.221%;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 7.9955%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">73,049</font></p>
</td>
</tr>
<tr style="height: 11.35pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10.5856%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Actuarial gain of post-employment benefits, net</font></p>
</td>
<td style="padding: 0px; vertical-align: middle; width: 1.12613%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7.88288%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">242</font></p>
</td>
<td style="padding: 0px; vertical-align: middle; width: 1.35135%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7.9955%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">976</font></p>
</td>
<td style="padding: 0px; vertical-align: middle; width: 1.46396%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 6.98198%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">28,055</font></p>
</td>
<td style="padding: 0px; vertical-align: middle; width: 1.35135%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 5.40541%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: middle; width: 1.35135%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 8.44595%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: middle; width: 1.46396%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 8.22072%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td colspan="2" style="padding: 0px; vertical-align: middle; width: 103.442%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7.88288%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td colspan="2" style="padding: 0px; vertical-align: middle; width: 121.047%;"><br></td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 129.863%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">29,273</font></p>
</td>
<td colspan="2" style="padding: 0px; vertical-align: middle; width: 0.1221%;"><br></td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 8.7645%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,723</font></p>
</td>
<td colspan="2" style="padding: 0px; vertical-align: middle; width: 1.221%;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7.9955%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">34,996</font></p>
</td>
</tr>
<tr style="height: 11.35pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 10.5856%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Capital increase in cash</font></p>
</td>
<td style="padding: 0px; vertical-align: middle; background-color: #cceeff; width: 1.12613%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 7.88288%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: middle; background-color: #cceeff; width: 1.35135%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 7.9955%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: middle; background-color: #cceeff; width: 1.46396%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 6.98198%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: middle; background-color: #cceeff; width: 1.35135%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 5.40541%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">35,566</font></p>
</td>
<td style="padding: 0px; vertical-align: middle; background-color: #cceeff; width: 1.35135%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 8.44595%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,590</font></p>
</td>
<td style="padding: 0px; vertical-align: middle; background-color: #cceeff; width: 1.46396%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 8.22072%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">80,000</font></p>
</td>
<td colspan="2" style="padding: 0px; vertical-align: middle; background-color: #cceeff; width: 103.442%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 7.88288%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td colspan="2" style="padding: 0px; vertical-align: middle; background-color: #cceeff; width: 121.047%;"><br></td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 129.863%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">119,156</font></p>
</td>
<td colspan="2" style="padding: 0px; vertical-align: middle; background-color: #cceeff; width: 0.1221%;"><br></td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 8.7645%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td colspan="2" style="padding: 0px; vertical-align: middle; background-color: #cceeff; width: 1.221%;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 7.9955%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">119,156</font></p>
</td>
</tr>
<tr style="height: 11.35pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10.5856%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Transfer to (from) provision for liabilities</font></p>
</td>
<td style="padding: 0px; vertical-align: middle; width: 1.12613%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7.88288%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: middle; width: 1.35135%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7.9955%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: middle; width: 1.46396%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 6.98198%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: middle; width: 1.35135%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 5.40541%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: middle; width: 1.35135%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 8.44595%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: middle; width: 1.46396%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 8.22072%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td colspan="2" style="padding: 0px; vertical-align: middle; width: 103.442%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7.88288%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(19,499)</font></p>
</td>
<td colspan="2" style="padding: 0px; vertical-align: middle; width: 121.047%;"><br></td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 129.863%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(19,499)</font></p>
</td>
<td colspan="2" style="padding: 0px; vertical-align: middle; width: 0.1221%;"><br></td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 8.7645%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2,096)</font></p>
</td>
<td colspan="2" style="padding: 0px; vertical-align: middle; width: 1.221%;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7.9955%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(21,595)</font></p>
</td>
</tr>
<tr style="height: 11.35pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 10.5856%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Reclassification to assets held for sale (iii)</font></p>
</td>
<td style="padding: 0px; vertical-align: middle; background-color: #cceeff; width: 1.12613%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom: 1px solid #000000; width: 7.88288%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: middle; background-color: #cceeff; border-bottom-width: 1px; width: 1.35135%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom: 1px solid #000000; width: 7.9955%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,824,337)</font></p>
</td>
<td style="padding: 0px; vertical-align: middle; background-color: #cceeff; border-bottom-width: 1px; width: 1.46396%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom: 1px solid #000000; width: 6.98198%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(857,392)</font></p>
</td>
<td style="padding: 0px; vertical-align: middle; background-color: #cceeff; border-bottom-width: 1px; width: 1.35135%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom: 1px solid #000000; width: 5.40541%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: middle; background-color: #cceeff; border-bottom-width: 1px; width: 1.35135%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom: 1px solid #000000; width: 8.44595%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: middle; background-color: #cceeff; border-bottom-width: 1px; width: 1.46396%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom: 1px solid #000000; width: 8.22072%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td colspan="2" style="padding: 0px; vertical-align: middle; background-color: #cceeff; border-bottom-width: 1px; width: 103.442%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom: 1px solid #000000; width: 7.88288%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td colspan="2" style="padding: 0px; vertical-align: middle; background-color: #cceeff; border-bottom-width: 1px; width: 121.047%;"><br></td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom: 1px solid #000000; width: 129.863%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2,681,729)</font></p>
</td>
<td colspan="2" style="padding: 0px; vertical-align: middle; background-color: #cceeff; border-bottom-width: 1px; width: 0.1221%;"><br></td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom: 1px solid #000000; width: 8.7645%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td colspan="2" style="padding: 0px; vertical-align: middle; background-color: #cceeff; border-bottom-width: 1px; width: 1.221%;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom: 1px solid #000000; width: 7.9955%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2,681,729)</font></p>
</td>
</tr>
<tr style="height: 13.5pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10.5856%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Balance as of December 31, 2021</font></p>
</td>
<td style="padding: 0px; vertical-align: middle; width: 1.12613%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; width: 7.88288%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,474,889</font></p>
</td>
<td style="padding: 0px; vertical-align: middle; width: 1.35135%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; width: 7.9955%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: middle; width: 1.46396%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; width: 6.98198%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">6,662,244</font></p>
</td>
<td style="padding: 0px; vertical-align: middle; width: 1.35135%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; width: 5.40541%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">36,491</font></p>
</td>
<td style="padding: 0px; vertical-align: middle; width: 1.35135%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; width: 8.44595%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">9,328</font></p>
</td>
<td style="padding: 0px; vertical-align: middle; width: 1.46396%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; width: 8.22072%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">78,896</font></p>
</td>
<td colspan="2" style="padding: 0px; vertical-align: middle; width: 103.442%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; width: 7.88288%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td colspan="2" style="padding: 0px; vertical-align: middle; width: 121.047%;"><br></td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; width: 129.863%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">8,261,848</font></p>
</td>
<td colspan="2" style="padding: 0px; vertical-align: middle; width: 0.1221%;"><br></td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; width: 8.7645%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,548</font></p>
</td>
<td colspan="2" style="padding: 0px; vertical-align: middle; width: 1.221%;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; width: 7.9955%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">8,266,396</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><br></p>
</div>
</div>
</div>
<div>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>61</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<div style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">
<div style="width: 8.5in; margin: 0 auto;">
<div>
<div style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;"><br></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; font-size: 5px;"><br></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; font-size: 5px;"><br></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;"><font style="font-style: italic;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
</div>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';"><br></font></font></p>
<table style="width: 100%; margin-left: 0.1px; height: 44px; font-family: 'times new roman'; font-size: 10pt;">

<tr style="height: 10px;">
<td style="height: 10px; vertical-align: top; width: 3%;" valign="top"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 8pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(i)</font></td>
<td style="height: 10px; vertical-align: top; width: 97%;" valign="top"><font style="font-size: 8pt;"><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">Refers, substantially to&nbsp;</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">the income</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">&nbsp;on the hedging instruments of exchange rate related to firm commitment and highly probable transactions designated as cash flow hedges, see Note&nbsp;</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">34</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">.h.2.</font></font></td>
</tr>
<tr style="height: 17px;">
<td style="height: 17px; vertical-align: top;" valign="top"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 8pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(ii)</font></td>
<td style="height: 17px; vertical-align: top;" valign="top"><font style="font-size: 8pt;"><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">Refers to the restatement and reclassification of&nbsp;</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">share of profit (loss) of</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">&nbsp;investees</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">,</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">&nbsp;in the parent company's results, for more details see note 3.c.2.1 and 3.c.3.1.</font></font></td>
</tr>
<tr style="height: 17px;">
<td style="height: 17px;"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 8pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(iii)</font></td>
<td style="height: 17px;"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 8pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">For further details, see explanatory note 3.c.1.</font></td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font><br></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 175px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Provision to short-term liabilities</font></p>
</td>
<td style="vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 29px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 29px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 29px; border-bottom-width: 1px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 29px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Investments in subsidiaries</font></p>
</td>
<td style="vertical-align: bottom; height: 29px; border-bottom-width: 1px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 29px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Joint venture</font></p>
</td>
<td style="vertical-align: bottom; height: 29px; border-bottom-width: 1px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 29px; border-bottom-width: 1px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 44px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 44px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 44px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 44px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Ultrapar International S.A.</font></p>
</td>
<td style="vertical-align: bottom; height: 44px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 44px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Refinaria de Petr&#243;leo Riograndense S.A.</font></p>
</td>
<td style="vertical-align: bottom; height: 44px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 44px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Total</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 61%; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Balance as of December 31, 2019</font></p>
</td>
<td style="vertical-align: bottom; background-color: #cceeff; width: 1%; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 12%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">27,497</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 12%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 12%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">27,497</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Transfer to provision for short-term liabilities</font></p>
</td>
<td style="vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">6,201</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,096</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">8,297</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Balance as of December 31, 2020</font></p>
</td>
<td style="vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">33,698</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,096</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">35,794</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Transfer to (from) provision for short-term liabilities</font></p>
</td>
<td style="vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(19,499)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2,096)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(21,595)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Balance as of December 31, 2021</font></p>
</td>
<td style="vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">14,199</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">14,199</font></p>
</td>
</tr>

</table>
</div>
<div>
<p style="margin: 0pt; text-align: justify;"><br></p>
<br></div>
</div>
</div>
</div>
<div>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>62</font></font></td>
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</table>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"><br></font></p>
<div style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; font-size: 5px;"><br></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; font-size: 5px;"><br></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;"><font style="font-style: italic;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
</div>
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold;"><br></font></p>
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold;">b. Joint ventures (Consolidated)</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The Company holds an interest in </font><font style="font-family: 'Times New Roman';">Refinaria de Petr&#243;leo</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">Riograndense</font><font style="font-family: 'Times New Roman';"> S.A.</font><font style="font-family: 'Times New Roman';"> (&#8220;</font><font style="font-family: 'Times New Roman';">RPR</font><font style="font-family: 'Times New Roman';">&#8221;)</font><font style="font-family: 'Times New Roman';">, which is primarily engaged in oil refining.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The subsidiary</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">Ultracargo</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">Log&#237;stica </font><font style="font-family: 'Times New Roman';">holds</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">an</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">interest in Uni</font><font style="font-family: 'Times New Roman';">&#227;</font><font style="font-family: 'Times New Roman';">o Vopak</font><font style="font-family: 'Times New Roman';"> &#8211; Armaz&#233;ns Gerais Ltda. </font><font style="font-family: 'Times New Roman';">(&#8220;Uni&#227;o</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">Vopak&#8221;)</font><font style="font-family: 'Times New Roman';">, which is primarily engaged in liquid bulk storage in the port of Paranagu&#225;.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The subsidiary IPP </font><font style="font-family: 'Times New Roman';">held</font><font style="font-family: 'Times New Roman';"> an interest in ConectCar, which is primarily engaged in </font><font style="font-family: 'Times New Roman';">automatic</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">payment of tolls</font><font style="font-family: 'Times New Roman';"> and </font><font style="font-family: 'Times New Roman';">parking </font><font style="font-family: 'Times New Roman';">in the State</font><font style="font-family: 'Times New Roman';">s</font><font style="font-family: 'Times New Roman';"> of</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">Bahia, Cear&#225;, Esp&#237;rito Santo, Goi&#225;s, Mato Grosso, Mato Grosso do Sul, Minas Gerais, Paran&#225;, Pernambuco, Rio de Janeiro, Rio Grande do Sul, Santa Catarina, S&#227;o Paulo and Distrito Federal</font><font style="font-family: 'Times New Roman';">.</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">On June 25, 2021, the sale of ConectCar</font><font style="font-family: 'Times New Roman';">, completed on October 1, 2021. </font><font style="font-family: 'Times New Roman';"> For further details see item </font><font style="font-family: 'Times New Roman';">13.</font><font style="font-family: 'Times New Roman';">b.1.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The </font><font style="font-family: 'Times New Roman';">subsidiary</font><font style="font-family: 'Times New Roman';"> IPP participat</font><font style="font-family: 'Times New Roman';">e</font><font style="font-family: 'Times New Roman';">s</font><font style="font-family: 'Times New Roman';"> in </font><font style="font-family: 'Times New Roman';">the port concession </font><font style="font-family: 'Times New Roman';">BEL02A</font><font style="font-family: 'Times New Roman';"> at</font><font style="font-family: 'Times New Roman';"> the port of Miramar</font><font style="font-family: 'Times New Roman';">, in Bel&#233;m (PA),</font><font style="font-family: 'Times New Roman';"> through</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">Latitude Log</font><font style="font-family: 'Times New Roman';">&#237;</font><font style="font-family: 'Times New Roman';">stica Portu&#225;ria S.A. (&#8220;Latitude&#8221;)</font><font style="font-family: 'Times New Roman';">;</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">f</font><font style="font-family: 'Times New Roman';">or the port of Vit&#243;ria</font><font style="font-family: 'Times New Roman';"> (ES),</font><font style="font-family: 'Times New Roman';"> participate</font><font style="font-family: 'Times New Roman';">s</font><font style="font-family: 'Times New Roman';"> through</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">Navegantes Log&#237;stica Portu&#225;ria S.A. (&#8220;Navegantes&#8221;)</font><font style="font-family: 'Times New Roman';">;</font><font style="font-family: 'Times New Roman';"> in Cabedelo</font><font style="font-family: 'Times New Roman';"> (PB)</font><font style="font-family: 'Times New Roman';">, </font><font style="font-family: 'Times New Roman';">has </font><font style="font-family: 'Times New Roman';">participat</font><font style="font-family: 'Times New Roman';">ion</font><font style="font-family: 'Times New Roman';"> in the </font><font style="font-family: 'Times New Roman';">Nordeste Log&#237;stica I S.A. ("Nordeste Log&#237;stica I"), Nordeste Log&#237;stica II S.A. ("Nordeste Log&#237;stica II") and Nordeste Log&#237;stica III S.A. ("Nordeste Log&#237;stica III&#8221;)</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">(see Note </font><font style="font-family: 'Times New Roman';">35</font><font style="font-family: 'Times New Roman';">.c</font><font style="font-family: 'Times New Roman';">).</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">These investments</font><font style="font-family: 'Times New Roman';"> of joint ventures </font><font style="font-family: 'Times New Roman';">are accounted for under the equity method of accounting based on their financial </font><font style="font-family: 'Times New Roman';">statements</font><font style="font-family: 'Times New Roman';"> as of </font><font style="font-family: 'Times New Roman';">December</font><font style="font-family: 'Times New Roman';"> 3</font><font style="font-family: 'Times New Roman';">1</font><font style="font-family: 'Times New Roman';">, 20</font><font style="font-family: 'Times New Roman';">2</font><font style="font-family: 'Times New Roman';">1</font><font style="font-family: 'Times New Roman';">.</font></font></p>
</div>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';"><br></font></font></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>63</font></font></td>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<div style="width: 8.5in; margin: 0 auto;">
<div>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';"><br></font></font></p>
<div style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; font-size: 5px;"><br></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; font-size: 5px;"><br></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;"><font style="font-style: italic;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
</div>
</div>
<div>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"><br></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Balances and changes in joint ventures are as follows:</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 409px; width: 100%;" width="100%">

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<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000; height: 51px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Uni&#227;o Vopak</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 51px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000; height: 51px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">RPR</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 51px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000; height: 51px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">ConectCar</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 51px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000; height: 51px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Latitude Log&#237;stica</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 51px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000; height: 51px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Navegantes Log&#237;stica</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 51px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000; height: 51px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Nordeste Log&#237;stica I</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 51px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000; height: 51px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Nordeste Log&#237;stica II</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 51px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000; height: 51px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Nordeste Log&#237;stica III</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 51px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000; height: 51px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Total</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 29%; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Balance as of December 31, 2019</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 7%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">7,342</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 7%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">18,792</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 7%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">82,818</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 7%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">10,351</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 7%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">23,581</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 7%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,930</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 7%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,183</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 7%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,079</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 7%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">153,076</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Capital increase</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">20,000</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">303</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,894</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,006</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">29,203</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Capital decrease (i)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(363)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(363)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Valuation adjustments</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,065</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,065</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Proposed dividends</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(165)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(165)</font></p>
</td>
</tr>
<tr style="height: 34px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Share of profit (loss) of joint ventures</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">392</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(21,788)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(21,638)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,594)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,409)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(401)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">626</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(45,812)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Transfer to provision for liabilities</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom: 1px solid #000000; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom: 1px solid #000000; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,096</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom: 1px solid #000000; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom: 1px solid #000000; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom: 1px solid #000000; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom: 1px solid #000000; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom: 1px solid #000000; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom: 1px solid #000000; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom: 1px solid #000000; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,096</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Balance as of December 31, 2020</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">7,734</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">81,180</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">10,351</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">21,624</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">824</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">7,676</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">9,711</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">139,100</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Capital increase</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">15,000</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,001</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,697</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">6,399</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">600</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">30,697</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Capital decrease (i)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(5,001)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(5,001)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Valuation adjustments</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">99</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">99</font></p>
</td>
</tr>
<tr style="height: 34px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Actuarial gain of post-employment benefits</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,723</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,723</font></p>
</td>
</tr>
<tr style="height: 34px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 34px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Shareholder transaction &#8211; changes of investments</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(966)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(966)</font></p>
</td>
</tr>
<tr style="height: 34px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Share of profit (loss) of joint ventures</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">602</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">822</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(18,081)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">593</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(3,032)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,592</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(819)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">255</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(18,068)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Write-off of investment</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(78,099)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(78,099)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Transfer from provision for liabilities</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1pt solid #000000; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1pt solid #000000; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2,096)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2,096)</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Balance as of December 31, 2021</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">8,336</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,548</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">9,978</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">22,289</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,416</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">13,256</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">10,566</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">71,389</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(i) Refers to reimbursement of expenses that preceded the port area auctions and that were apportioned among the other members of the consortium.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 11.35pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Provision to (from) short-term liabilities</font></p>
</td>
</tr>
<tr style="height: 11.35pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">RPR</font></p>
</td>
</tr>
<tr style="height: 11.35pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 85%; border-bottom-width: 1px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Balance as of December 31, 2019</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 15%; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
</tr>
<tr style="height: 11.35pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Transfer to provision for liabilities</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,096</font></p>
</td>
</tr>
<tr style="height: 11.35pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Balance as of December 31, 2020</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,096</font></p>
</td>
</tr>
<tr style="height: 11.35pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Transfer </font><font style="font-family: 'Times New Roman'; font-size: 10pt;">from provision for liabilities</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2,096)</font></p>
</td>
</tr>
<tr style="height: 11.35pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Balance as of December 31, 2021</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><br></p>
</div>
</div>
</div>
<div>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>64</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';"><br></font></font></p>
<div style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; font-size: 5px;"><br></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; font-size: 5px;"><br></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;"><font style="font-style: italic;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
</div>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';"><br></font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The table below presents the </font><font style="font-family: 'Times New Roman';">statements of financial position</font><font style="font-family: 'Times New Roman';"> and </font><font style="font-family: 'Times New Roman';">statements of profit or </font><font style="font-family: 'Times New Roman';">loss of</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">joint ventures: </font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td colspan="15" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2021</font></p>
</td>
</tr>
<tr style="height: 25.5pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Uni&#227;o Vopak</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">RPR</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">ConectCar </font><sup><font style="font-family: 'Times New Roman'; font-weight: bold; vertical-align: super;">(i)</font></sup></font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Latitude Log&#237;stica</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Navegantes Log&#237;stica</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Nordeste Log&#237;stica I</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Nordeste Log&#237;stica II</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Nordeste Log&#237;stica III</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 29%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Current assets</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 8%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">10,068</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 1%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 8%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">273,029</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 1%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 8%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">171,894</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 1%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 8%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">18,798</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 1%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 8%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,393</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 1%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 8%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">52,022</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 1%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 8%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">36,958</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 1%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 8%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">17,458</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Non-current assets</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">9,696</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">179,652</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">177,217</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">50,215</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">167,170</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">18,346</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">17,279</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">49,439</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Current liabilities</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,824</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">354,001</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">174,030</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">9,151</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">256</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">46,615</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,418</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">13,960</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Non-current liabilities</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">268</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">84,980</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">18,883</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">39,906</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">105,440</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">16,504</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">13,052</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">21,239</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Equity</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">16,672</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">13,700</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">156,198</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">19,956</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">66,867</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">7,249</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">39,767</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">31,698</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Net revenue from sales and services</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">17,660</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,092,786</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">60,436</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,895</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">11,625</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,016</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">7,561</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Costs, operating expenses and income</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(16,144)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2,105,544)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(97,095)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2,591)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,579)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(3,260)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(3,980)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(5,030)</font></p>
</td>
</tr>
<tr style="height: 22.7pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Net finance income and income and social contribution taxes</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(312)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">15,235</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">497</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2,118)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(7,517)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(3,589)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(494)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,765)</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Net income (loss)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,204</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,477</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(36,162)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,186</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(9,096)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,776</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2,458)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">766</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Number of shares or units held</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">29,995</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,078,888</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">263,768,000</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,383,881</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">22,298,195</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">681,637</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,933,265</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,871,241</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">% of capital held</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">50</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">33</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">50</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">50</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">33</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">33</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">33</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">33</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">The percentages in the table above are rounded.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table style="width: 100%; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td style="width: 3%;"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 8pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(i)&nbsp;</font></td>
<td style="width: 97%;"><font style="font-size: 8pt;"><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">The balances presented refer to September 30, 2021, due to the completion of the sale of&nbsp;ConectCar&nbsp;on October 1, 2021, for further details see note 13.b.1</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">.</font></font></td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><br></p>
</div>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>65</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';"><br></font></font></p>
<div style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">
<div style="width: 8.5in; margin: 0 auto;">
<div style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; font-size: 5px;"><br></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; font-size: 5px;"><br></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;"><font style="font-style: italic;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
</div>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"><br></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 243px; width: 100%;" width="100%">

<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 30.9076%;"><br></td>
<td colspan="13" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom: 1px solid #000000; width: 69.0106%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2020</font></p>
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<tr style="height: 34px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; width: 30.9076%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
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<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; width: 8.99428%; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Uni&#227;o Vopak</font></p>
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<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; width: 0.981194%; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
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<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; width: 8.99428%; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">RPR</font></p>
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<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; width: 1.06296%; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
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<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; width: 8.91251%; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">ConectCar</font></p>
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<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; width: 1.06296%; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
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<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 34px; width: 8.99428%; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Navegantes Log&#237;stica (*)</font></p>
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<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; width: 0.981194%; border-bottom-width: 1px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
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<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 34px; width: 8.99428%; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Nordeste Log&#237;stica I (*)</font></p>
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<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; width: 0.981194%; border-bottom-width: 1px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
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<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 34px; width: 8.99428%; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Nordeste Log&#237;stica II (*)</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; width: 1.06296%; border-bottom-width: 1px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 34px; width: 8.99428%; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Nordeste Log&#237;stica III (*)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 30.9076%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Current assets</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 8.99428%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">8,510</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 0.981194%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 8.99428%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">291,720</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.06296%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 8.91251%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">161,371</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.06296%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 8.99428%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">24,691</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 0.981194%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 8.99428%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">972</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 0.981194%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 8.99428%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">18,531</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.06296%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 8.99428%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">21,513</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 30.9076%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Non-current assets</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 8.99428%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">9,796</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 0.981194%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 8.99428%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">171,270</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 1.06296%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 8.91251%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">169,843</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 1.06296%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 8.99428%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">166,389</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 0.981194%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 8.99428%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">6,021</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 0.981194%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 8.99428%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">18,005</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 1.06296%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 8.99428%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">30,503</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 30.9076%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Current liabilities</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 8.99428%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,698</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 0.981194%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 8.99428%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">363,388</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.06296%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 8.91251%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">168,854</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.06296%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 8.99428%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">8</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 0.981194%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 8.99428%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 0.981194%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 8.99428%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.06296%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 8.99428%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">6</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 30.9076%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Non-current liabilities</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 8.99428%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">140</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 0.981194%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 8.99428%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">105,912</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 1.06296%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 8.91251%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 1.06296%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 8.99428%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">126,201</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 0.981194%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 8.99428%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,516</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 0.981194%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 8.99428%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">13,504</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 1.06296%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 8.99428%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">22,877</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 30.9076%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Equity</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 8.99428%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">15,468</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 0.981194%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 8.99428%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(6,310)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.06296%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 8.91251%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">162,360</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.06296%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 8.99428%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">64,871</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 0.981194%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 8.99428%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,473</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 0.981194%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 8.99428%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">23,027</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.06296%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 8.99428%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">29,133</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 30.9076%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Net revenue from sales and services</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 8.99428%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">15,666</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 0.981194%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 8.99428%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,455,668</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 1.06296%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 8.91251%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">91,096</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 1.06296%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 8.99428%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 0.981194%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 8.99428%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 0.981194%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 8.99428%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 1.06296%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 8.99428%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 30.9076%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Costs, operating expenses and income</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 8.99428%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(14,408)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 0.981194%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 8.99428%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,531,652)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.06296%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 8.91251%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(134,961)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.06296%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 8.99428%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(3,480)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 0.981194%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 8.99428%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(4,225)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 0.981194%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 8.99428%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,203)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.06296%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 8.99428%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,878</font></p>
</td>
</tr>
<tr style="height: 29px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 29px; width: 30.9076%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Net finance income and income and social contribution taxes</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 29px; width: 8.99428%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(474)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 29px; width: 0.981194%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 29px; width: 8.99428%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">10,361</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 29px; width: 1.06296%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 29px; width: 8.91251%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">589</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 29px; width: 1.06296%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 29px; width: 8.99428%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,301)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 29px; width: 0.981194%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 29px; width: 8.99428%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 29px; width: 0.981194%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 29px; width: 8.99428%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 29px; width: 1.06296%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 29px; width: 8.99428%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 30.9076%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Net income (loss)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 8.99428%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">784</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 0.981194%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 8.99428%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(65,623)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.06296%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 8.91251%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(43,276)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.06296%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 8.99428%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(4,781)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 0.981194%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 8.99428%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(4,226)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 0.981194%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 8.99428%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,203)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.06296%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 8.99428%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,878</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 30.9076%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Number of shares or units held</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 8.99428%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">29,995</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 0.981194%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 8.99428%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,078,888</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 1.06296%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 8.91251%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">248,768,000</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 1.06296%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 8.99428%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">22,298,195</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 0.981194%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 8.99428%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">681,637</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 0.981194%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 8.99428%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,933,265</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 1.06296%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 8.99428%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,871,241</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 30.9076%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">% of capital held</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 8.99428%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">50</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 0.981194%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 8.99428%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">33</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.06296%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 8.91251%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">50</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.06296%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 8.99428%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">33</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 0.981194%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 8.99428%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">33</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 0.981194%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 8.99428%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">33</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.06296%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 8.99428%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">33</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman';">(*) Accumulated </font><font style="font-family: 'Times New Roman';">income</font><font style="font-family: 'Times New Roman';"> for the period as of incorporation.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The percentages in the table above are rounded</font><font style="font-family: 'Times New Roman';">.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold;">b.1 ConectCar share purchase and sale agreement</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">The Company concluded the process of selling its interest in ConectCar started on June 25, 2021. On September 30, 2021, ConectCar was controlled by IPP and by Redecard S.A., belonging to Ita&#250; Unibanco Holding S.A., both with equal interests of 50%.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">On October 1, 2021, the Company announced the conclusion of the sale of its interest in ConectCar through its subsidiary IPP to Porto Seguro S</font><font style="font-family: 'Times New Roman';">.</font><font style="font-family: 'Times New Roman';">A</font><font style="font-family: 'Times New Roman';">.</font><font style="font-family: 'Times New Roman';">, through its subsidiary Portoseg SA &#8211; Credit, Financing and Investment. The sale value of the 50% interest in the subsidiary IPP was R$ 165 million, </font><font style="font-family: 'Times New Roman';">and, after adjustments resulting from changes in working capital and net debt position, totaled R$</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">158 million.</font></font></p>
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<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';"><br></font></font></p>
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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>66</font></font></td>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';"><br></font></font></p>
<div style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">
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<div style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; font-size: 5px;"><br></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; font-size: 5px;"><br></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;"><font style="font-style: italic;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
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<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold;"><br></font></p>
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold;">c. Associates (Consolidated)</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Subsidiary IPP holds an interest in Transportadora</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">Sulbrasileira de G&#225;s S.A.</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">(&#8220;TSB&#8221;)</font><font style="font-family: 'Times New Roman';">, which is primarily engaged in natural gas transportation services.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Subsidiary </font><font style="font-family: 'Times New Roman';">Oxiteno S.A</font><font style="font-family: 'Times New Roman';">. </font><font style="font-family: 'Times New Roman';">holds an interest in Oxicap</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">Ind&#250;stria de Gases Ltda. (&#8220;Oxicap&#8221;), which is primarily engaged in the supply of nitrogen and oxygen for its shareholders in the Mau&#225; petrochemical complex.</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">Due to the sale of the subsidiary, the balances were reclassified to assets of subsidiaries held for sale at December 31, 2021, for further details see note 3.</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';"> </font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">T</font><font style="font-family: 'Times New Roman';">he subsidiary Oxiteno S.A.</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">holds an interest in Qu&#237;mica da Bahia Ind&#250;stria e Com&#233;rcio S.A.</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">(&#8220;Qu&#237;mica da Bahia&#8221;)</font><font style="font-family: 'Times New Roman';">, which is primarily engaged in manufacturing, marketing</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> and processing of chemicals. The operations of </font><font style="font-family: 'Times New Roman';">Qu&#237;mica da Bahia</font><font style="font-family: 'Times New Roman';"> are currently suspended.</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">This interest is not </font><font style="font-family: 'Times New Roman';">part</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">of </font><font style="font-family: 'Times New Roman';">the </font><font style="font-family: 'Times New Roman';">Oxiteno </font><font style="font-family: 'Times New Roman';">sale </font><font style="font-family: 'Times New Roman';">transaction</font><font style="font-family: 'Times New Roman';">.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Subsidiary Cia.</font><font style="font-family: 'Times New Roman';"> Ultragaz</font><font style="font-family: 'Times New Roman';"> holds an interest in Metal&#250;rgica Plus S.A.</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">(&#8220;Metalplus&#8221;)</font><font style="font-family: 'Times New Roman';">, which is primarily engaged in the manufacture and trading of LPG containers. The operations of this associate are currently suspended.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Subsidiary </font><font style="font-family: 'Times New Roman';">Cia. Ultragaz</font><font style="font-family: 'Times New Roman';"> holds an interest in Plenog&#225;s</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">Distribuidora de G&#225;s S.A.</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">(&#8220;Plenog&#225;s&#8221;)</font><font style="font-family: 'Times New Roman';">, which is primarily engaged in the marketing of LPG. The operations of this associate are currently suspended.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The</font><font style="font-family: 'Times New Roman';">se</font><font style="font-family: 'Times New Roman';"> investment</font><font style="font-family: 'Times New Roman';">s</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">are</font><font style="font-family: 'Times New Roman';"> accounted for under the equity method of accounting based on</font><font style="font-family: 'Times New Roman';"> the</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">financial </font><font style="font-family: 'Times New Roman';">statements</font><font style="font-family: 'Times New Roman';"> as of</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">December</font><font style="font-family: 'Times New Roman';"> 3</font><font style="font-family: 'Times New Roman';">1</font><font style="font-family: 'Times New Roman';">, 202</font><font style="font-family: 'Times New Roman';">1</font><font style="font-family: 'Times New Roman';">.</font></font></p>
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<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';"><br></font></font></p>
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<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>67</font></font></td>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';"><br></font></font></p>
<div style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">
<div style="width: 8.5in; margin: 0 auto;">
<div>
<div style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; font-size: 5px;"><br></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; font-size: 5px;"><br></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;"><font style="font-style: italic;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"><br></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Balances and changes in associates are as follows:</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1pt solid #000000; height: 52px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Transportadora Sulbrasileira de G&#225;s S.A. </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 52px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1pt solid #000000; height: 52px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Oxicap Ind&#250;stria de Gases Ltda.</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 52px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1pt solid #000000; height: 52px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Qu&#237;mica da Bahia Ind&#250;stria e Com&#233;rcio S.A.</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 52px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 52px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Metal&#250;rgica Plus S.A.</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 52px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 52px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Plenog&#225;s Distribuidora de G&#225;s S.A.</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 52px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 52px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Total</font></p>
</td>
</tr>
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 35%; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Balance as of December 31, 2019</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 10%; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,661</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 10%; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">15,934</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 10%; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,554</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 10%; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">138</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 10%; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">463</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 10%; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">25,750</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Dividends</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2,357)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2,357)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Share of profit (loss) of associates</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,846</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(12)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(91)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">38</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,781</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Share of profit (loss) of associates - discontinued operations</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">414</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">414</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Balance as of December 31, 2020</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,150</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">16,348</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,542</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">47</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">501</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">25,588</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Capital decrease</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,500)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,500)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Dividends</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(998)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(998)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Share of profit (loss) of associates</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">552</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(14)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(100)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(4)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">434</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Share of profit (loss) of associates - discontinued operations</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">48</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">48</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Reclassification to assets held for sale</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(16,396)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(16,396)</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Balance as of December 31, 2021</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,204</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,528</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(53)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">497</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">7,176</font></p>
</td>
</tr>

</table>
</div>
<div>
<p style="margin: 0pt; text-align: justify;"><br></p>
<br></div>
</div>
</div>
</div>
<div>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>68</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"><br></font></p>
<div style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">
<div style="width: 8.5in; margin: 0 auto;">
<div style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; font-size: 5px;"><br></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; font-size: 5px;"><br></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;"><font style="font-style: italic;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
</div>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';"><br></font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The table below presents the </font><font style="font-family: 'Times New Roman';">stat</font><font style="font-family: 'Times New Roman';">e</font><font style="font-family: 'Times New Roman';">ments of financial position</font><font style="font-family: 'Times New Roman';"> and </font><font style="font-family: 'Times New Roman';">statements of profit or loss</font><font style="font-family: 'Times New Roman';"> of associates: </font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td colspan="9" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2021</font></p>
</td>
</tr>
<tr style="height: 31.2pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Transportadora Sulbrasileira de G&#225;s S.A. </font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Oxicap Ind&#250;stria de Gases Ltda.</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Qu&#237;mica da Bahia Ind&#250;stria e Com&#233;rcio S.A.</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Metal&#250;rgica Plus S.A.</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Plenog&#225;s Distribuidora de G&#225;s S.A.</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 46%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Current assets</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">7,685</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 1%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">90,156</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 1%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">14</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 1%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">47</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 1%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">568</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Non-current assets</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">11,611</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">70,496</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">10,151</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">126</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,804</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Current liabilities</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,875</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">44,408</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">28</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">158</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Non-current liabilities</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">601</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">7,562</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,109</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">303</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">724</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Equity</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">12,820</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">108,682</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">7,056</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(158)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,490</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Net revenue from sales and services</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">15,126</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">69,611</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Costs, operating expenses and income</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(12,691)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(68,390)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(28)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(239)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">18</font></p>
</td>
</tr>
<tr style="height: 22.7pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Net finance income and income and social contribution taxes</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(226)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(904)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(61)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(31)</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Net income (loss)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,209</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">317</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(28)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(300)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(13)</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Number of shares or units held</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">20,124,996</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,987</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,493,120</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,000</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,384,308</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">% of capital held</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">25</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">15</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">50</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">33</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">33</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td colspan="9" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2020</font></p>
</td>
</tr>
<tr style="height: 31.2pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Transportadora Sulbrasileira de G&#225;s S.A. </font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Oxicap Ind&#250;stria de Gases Ltda.</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Qu&#237;mica da Bahia Ind&#250;stria e Com&#233;rcio S.A.</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Metal&#250;rgica Plus S.A.</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Plenog&#225;s Distribuidora de G&#225;s S.A.</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 46%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Current assets</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">10,570</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 1%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">65,136</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 1%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">47</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 1%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">58</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 1%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">352</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Non-current assets</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">12,822</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">77,339</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">10,146</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">414</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,196</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Current liabilities</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,189</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">26,116</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">28</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">154</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Non-current liabilities</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">602</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">7,994</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,109</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">302</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">890</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Equity</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">20,601</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">108,365</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">7,084</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">142</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,504</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Net revenue from sales and services</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">14,295</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">58,677</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Costs, operating expenses and income</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(6,475)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(54,163)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(24)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(212)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">396</font></p>
</td>
</tr>
<tr style="height: 22.7pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Net finance income and income and social contribution taxes</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(437)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,770)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(60)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(39)</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Net income (loss)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">7,383</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,744</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(24)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(272)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">357</font></p>
</td>
</tr>
<tr>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;"><br></td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Number of shares or units held</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">20,124,996</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,987</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,493,120</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,000</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,384,308</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">% of capital held</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">25</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">15</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">50</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">33</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">33</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">The percentages in the table above are rounded.</font></p>
</div>
</div>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"><br></font></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>69</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"><br></font></p>
<div style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; font-size: 5px;"><br></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; font-size: 5px;"><br></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;"><font style="font-style: italic;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;"><br></p>
</div>
</div>
</div>
</div><div style="font-family: 'times new roman', times; font-size: 10pt;">
<div>
<div style="width: 8.5in; margin: 0 auto;">
<div>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">14</font><font style="font-family: 'Times New Roman'; font-weight: bold;">. </font><font style="font-family: 'Times New Roman'; font-weight: bold;">Right</font><font style="font-family: 'Times New Roman'; font-weight: bold;">-of-</font><font style="font-family: 'Times New Roman'; font-weight: bold;">u</font><font style="font-family: 'Times New Roman'; font-weight: bold;">se </font><font style="font-family: 'Times New Roman'; font-weight: bold;">as</font><font style="font-family: 'Times New Roman'; font-weight: bold;">sets and </font><font style="font-family: 'Times New Roman'; font-weight: bold;">l</font><font style="font-family: 'Times New Roman'; font-weight: bold;">eases </font><font style="font-family: 'Times New Roman'; font-weight: bold;">p</font><font style="font-family: 'Times New Roman'; font-weight: bold;">ayable</font></font><br></p>
</div>
<div>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The Company and s</font><font style="font-family: 'Times New Roman';">ome subsidiaries have real estate leases, substantially related to: (i) Ipiranga: fuel stations</font><font style="font-family: 'Times New Roman';"> and distribution center</font><font style="font-family: 'Times New Roman';">s</font><font style="font-family: 'Times New Roman';">; (ii) Ultragaz: points of sale and bottling base</font><font style="font-family: 'Times New Roman';">s</font><font style="font-family: 'Times New Roman';">; (i</font><font style="font-family: 'Times New Roman';">ii</font><font style="font-family: 'Times New Roman';">) Ultracargo: port areas </font><font style="font-family: 'Times New Roman';">and (</font><font style="font-family: 'Times New Roman';">i</font><font style="font-family: 'Times New Roman';">v) Company: offices</font><font style="font-family: 'Times New Roman';">. </font><font style="font-family: 'Times New Roman';">The Company and s</font><font style="font-family: 'Times New Roman';">ome subsidiaries also have lease agreements relating to vehicles.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">a. Right-of-</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">u</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">se </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">a</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">ssets</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<ul type="disc" style="margin: 0pt; padding-left: 0pt;">
<li style="font-family: Symbol; font-size: 11pt; list-style-position: inside; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt;"><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: normal; font-family: 'Times New Roman';">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">Parent</font></font></li>
</ul>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 11pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 164px; width: 100%;" width="100%">

<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 36%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Weighted average useful life (years)</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Balance on 12/31/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; width: 1%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Additions and remeasurement</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; width: 1%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Write-offs</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; width: 1%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Amortization</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; width: 1%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Balance on 12/31/2021</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 36%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Cost:</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 10%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff; height: 17px; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff; height: 17px; width: 1%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff; height: 17px; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff; height: 17px; width: 1%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff; height: 17px; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff; height: 17px; width: 1%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff; height: 17px; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff; height: 17px; width: 1%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff; height: 17px; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 36%;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Real estate</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 10%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">7</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">41,923</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px; width: 1%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,978</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px; width: 1%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px; width: 1%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px; width: 1%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">47,901</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 36%;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Vehicles</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px; width: 10%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,591</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px; width: 1%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">522</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px; width: 1%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(253)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px; width: 1%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px; width: 1%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,860</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 36%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 10%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px; border-top: 0.5pt solid #000000 !important; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">44,514</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px; width: 1%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px; border-top: 0.5pt solid #000000 !important; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">6,500</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px; width: 1%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px; border-top: 0.5pt solid #000000 !important; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(253)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px; width: 1%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px; border-top: 0.5pt solid #000000 !important; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px; width: 1%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px; border-top: 0.5pt solid #000000 !important; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">50,761</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 36%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Accumulated amortization:</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 10%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px; width: 1%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px; width: 1%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px; width: 1%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px; width: 1%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 36%;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Real estate</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 10%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(8,963)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px; width: 1%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px; width: 1%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px; width: 1%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(5,151)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px; width: 1%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(14,114)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 36%;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Vehicles</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 10%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(489)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px; width: 1%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px; width: 1%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">88</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px; width: 1%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(942)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px; width: 1%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,343)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 36%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 10%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-top: 0.5pt solid #000000 !important; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(9,452)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px; width: 1%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-top: 0.5pt solid #000000 !important; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px; width: 1%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-top: 0.5pt solid #000000 !important; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">88</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px; width: 1%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-top: 0.5pt solid #000000 !important; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(6,093)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px; width: 1%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-top: 0.5pt solid #000000 !important; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(15,457)</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px; width: 36%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Net amount</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px; width: 10%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 2.8pt double #000000; background-color: #cceeff; height: 18px; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">35,062</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 18px; width: 1%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 2.8pt double #000000; background-color: #cceeff; height: 18px; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">6,500</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 18px; width: 1%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 2.8pt double #000000; background-color: #cceeff; height: 18px; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(165)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 18px; width: 1%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 2.8pt double #000000; background-color: #cceeff; height: 18px; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(6,093)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 18px; width: 1%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 2.8pt double #000000; background-color: #cceeff; height: 18px; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">35,304</font></p>
</td>
</tr>

</table>
<p style="font-size: 11pt; line-height: 115%; margin: 2pt 0pt 10pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 11pt;">&nbsp;</font></p>
</div>
</div>
</div>
<div>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>70</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<div style="width: 8.5in; margin: 0 auto;">
<p style="font-size: 11pt; line-height: 115%; margin: 0pt 0pt 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 11pt;"><br></font></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; font-size: 5px;"><br></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; font-size: 5px;"><br></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;"><font style="font-style: italic;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
<p style="font-size: 11pt; line-height: 115%; margin: 2pt 0pt 00pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 11pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 163px; width: 100%;" width="100%">

<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 25%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 10%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Weighted average useful life (years)</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 10%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Balance on 12/31/2019</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; width: 1%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 10%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Additions and remeasurement</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; width: 1%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 10%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Write-offs</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; width: 1%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 10%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Assignment of contract (i)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; width: 1%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 10%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Amortization</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; width: 1%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 10%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Balance on 12/31/2020</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Cost:</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Real estate</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">7</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,799</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,123</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">35,001</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">41,923</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Vehicles</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,762</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(171)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,591</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.5pt solid #000000 !important; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,799</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.5pt solid #000000 !important; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,885</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.5pt solid #000000 !important; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(171)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.5pt solid #000000 !important; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">35,001</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.5pt solid #000000 !important; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.5pt solid #000000 !important; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">44,514</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Accumulated amortization:</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Real estate</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(4,762)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(4,201)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(8,963)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Vehicles</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(489)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(489)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; border-top: 0.5pt solid #000000 !important; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; border-top: 0.5pt solid #000000 !important; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; border-top: 0.5pt solid #000000 !important; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; border-top: 0.5pt solid #000000 !important; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(4,762)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; border-top: 0.5pt solid #000000 !important; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(4,690)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; border-top: 0.5pt solid #000000 !important; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(9,452)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Net amount</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,799</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,885</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(171)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">30,239</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(4,690)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">35,062</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 9pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">(i) Assignment of contract of the Company Ultragaz to Ultrapar due implantation of Shared Service Center (&#8220;SSC&#8221;).</font></p>
</div>
<p style="margin: 0pt; text-align: justify;"><br></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>71</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0pt; text-align: justify;"><br></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; font-size: 5px;"><br></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; font-size: 5px;"><br></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;"><font style="font-style: italic;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
<p style="font-size: 11pt; line-height: 115%; margin: 0px; text-align: justify; text-indent: 0px;"><br></p>
<ul type="disc" style="margin: 0pt; padding-left: 0pt;">
<li style="font-family: Symbol; font-size: 11pt; list-style-position: inside; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt;"><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: normal; font-family: 'Times New Roman';">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">Consolidated</font></font></li>
</ul>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 11pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 317px; width: 100%;" width="100%">

<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 22%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Weighted average useful life (years)</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 8%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Balance on 12/31/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1%; border-bottom-width: 1px; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 8%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Additions and remeasurement</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1%; border-bottom-width: 1px; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 8%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Write-offs</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1%; border-bottom-width: 1px; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 8%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Transfer (i)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1%; border-bottom-width: 1px; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 8%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Effect of foreign currency exchange rate variation</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1%; border-bottom-width: 1px; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 8%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Amortization</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1%; border-bottom-width: 1px; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 8%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Reclassification to assets held for sale (ii)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1%; border-bottom-width: 1px; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 8%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Balance on 12/31/2021</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Cost:</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Real estate (iii)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">10</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,254,432</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">257,787</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(150,718)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,295</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(569,323)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,793,473</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Port area</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">20</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">268,534</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">31,096</font><font style="font-family: 'Times New Roman'; font-size: 10pt;"> (*)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">299,630</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Vehicles</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">139,843</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">26,589</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(9,315)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">103</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(11,047)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">146,173</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Equipment</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">6</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">44,936</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">19,887</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(6,171)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,920</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(43,832)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">16,740</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Others</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">20</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">27,846</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">27,846</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; border-top: 0.5pt solid #000000 !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,735,591</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; border-top: 0.5pt solid #000000 !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">335,359</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; border-top: 0.5pt solid #000000 !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(166,204)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; border-top: 0.5pt solid #000000 !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; border-top: 0.5pt solid #000000 !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,318</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; border-top: 0.5pt solid #000000 !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; border-top: 0.5pt solid #000000 !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(624,202)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; border-top: 0.5pt solid #000000 !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,283,862</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Accumulated amortization:</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Real estate</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(481,975)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">76,954</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(530)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(283,882)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">199,963</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(489,470)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Port area</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(3,962)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(11,935)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(7,629)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(23,526)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Vehicles</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(63,091)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">7,032</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(54)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(48,146)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,392</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(98,867)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Equipment</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(19,619)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">6,483</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(897)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(17,637)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">29,836</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,834)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Others</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(16,658)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2,212)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(18,870)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-top: 0.5pt solid #000000 !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(585,305)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-top: 0.5pt solid #000000 !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-top: 0.5pt solid #000000 !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">90,469</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-top: 0.5pt solid #000000 !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(11,935)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-top: 0.5pt solid #000000 !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,481)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-top: 0.5pt solid #000000 !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(359,506)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-top: 0.5pt solid #000000 !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">235,191</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-top: 0.5pt solid #000000 !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(632,567)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Impairment</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Real estate</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(38,957)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">38,957</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; border-top: 0.5pt solid #000000 !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; border-top: 0.5pt solid #000000 !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(38,957)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; border-top: 0.5pt solid #000000 !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; border-top: 0.5pt solid #000000 !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; border-top: 0.5pt solid #000000 !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; border-top: 0.5pt solid #000000 !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; border-top: 0.5pt solid #000000 !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">38,957</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; border-top: 0.5pt solid #000000 !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Net amount</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,150,286</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">296,402</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(75,735)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(11,935)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,837</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(359,506)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(350,054)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,651,295</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt 0pt 0pt 14.2pt; text-align: justify; text-indent: -14.2pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';"><br></font></font></p>
<table style="width: 100%; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td style="vertical-align: top; width: 2%;" valign="top"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 8pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -18.9333px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(i)</font></td>
<td style="width: 98%;"><font style="font-size: 8pt;"><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -18.9333px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">Refers to the amortization of right</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -18.9333px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">-</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -18.9333px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">of</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -18.9333px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">-</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -18.9333px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">use</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -18.9333px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">&nbsp;assets in the subsidiary&nbsp;Tequimar&nbsp;Vila do Conde&nbsp;Log&#237;stica&nbsp;Portu&#225;ria&nbsp;S.A. (&#8220;Tequimar&nbsp;Vila do Conde&#8221;)</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -18.9333px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">, which is being capitalized</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -18.9333px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">&nbsp;as Construction in progress</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -18.9333px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">,</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -18.9333px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">&nbsp;</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -18.9333px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">starting its operation in December 2021</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -18.9333px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">.</font></font></td>
</tr>
<tr>
<td><font style="color: #000000; font-family: 'Times New Roman'; font-size: 8pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -18.9333px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(ii)</font></td>
<td><font style="color: #000000; font-family: 'Times New Roman'; font-size: 8pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -18.9333px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">For further information, see Note 3.c.1.</font></td>
</tr>
<tr>
<td><font style="font-size: 8pt;"><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">(ii</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">i</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">)</font></font></td>
<td><font style="font-size: 8pt;"><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">Includes lease&nbsp;</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">contracts</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">&nbsp;as&nbsp;</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">presented&nbsp;</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">in&nbsp;</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">N</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">ote&nbsp;</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">9</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">.a.</font></font></td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman';">(*) Includes balances of R$</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">14,905 referring to initial direct costs of right-of-use assets.</font></font></p>
</div>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';"><br></font></font></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>72</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; text-align: justify;"><br></p>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; font-size: 5px;"><br></p>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Notes to the Parent</font><font style="font-family: 'Times New Roman';">&#8217;s Separate</font><font style="font-family: 'Times New Roman';"><font>&nbsp;</font>and Consolidated Financial<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Statements</font></font></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; font-size: 5px;"><br></p>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
<p style="margin: 0pt; text-align: justify;"><br></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 266px; width: 100%;" width="100%">

<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 25%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Weighted average useful life (years)</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Balance on 12/31/2019</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1%; border-bottom-width: 1px; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Additions and remeasurement</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1%; border-bottom-width: 1px; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Write-offs</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1%; border-bottom-width: 1px; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Effect of foreign currency exchange rate variation</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1%; border-bottom-width: 1px; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Amortization</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1%; border-bottom-width: 1px; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Balance on 12/31/2020</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Cost:</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Real estate</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">10</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,068,254</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">259,244</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(78,529)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,463</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,254,432</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Port area</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">20</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">68,007</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">200,527</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">268,534</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Vehicles</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">91,868</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">55,616</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(7,893)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">252</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">139,843</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Equipment</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">6</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">31,822</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">7,833</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(572)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,853</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">44,936</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Others</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">20</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">27,846</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">27,846</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; border-top: 0.5pt solid #000000 !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,287,797</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; border-top: 0.5pt solid #000000 !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">523,220</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; border-top: 0.5pt solid #000000 !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(86,994)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; border-top: 0.5pt solid #000000 !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">11,568</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; border-top: 0.5pt solid #000000 !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; border-top: 0.5pt solid #000000 !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,735,591</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Accumulated amortization:</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Real estate</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(256,430)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">46,282</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(697)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(271,130)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(481,975)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Port area</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(3,962)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(3,962)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Vehicles</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(27,492)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,509</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">232</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(41,340)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(63,091)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Equipment</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(7,600)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">572</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,996)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(10,595)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(19,619)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Others</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(15,363)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,295)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(16,658)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-top: 0.5pt solid #000000 !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(306,885)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-top: 0.5pt solid #000000 !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-top: 0.5pt solid #000000 !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">52,363</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-top: 0.5pt solid #000000 !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2,461)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-top: 0.5pt solid #000000 !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(328,322)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-top: 0.5pt solid #000000 !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(585,305)</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Net amount</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 2.8pt double #000000; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,980,912</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 2.8pt double #000000; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">523,220</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 2.8pt double #000000; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(34,631)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 2.8pt double #000000; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">9,107</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 2.8pt double #000000; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(328,322)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 2.8pt double #000000; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,150,286</font></p>
</td>
</tr>

</table>
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 9pt;">&nbsp;</font></p>
</div>
<font style="font-family: 'Times New Roman'; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 11pt;">&nbsp;</font></font>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>73</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
</div>
<p><br></p>
<div>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; font-size: 5px;"><br></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; font-size: 5px;"><br></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;"><font style="font-style: italic;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">b. Lease</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">s</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;"> </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">p</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">ayable</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The changes in leases </font><font style="font-family: 'Times New Roman';">payable </font><font style="font-family: 'Times New Roman';">are shown below:</font></font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 11pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 323px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Parent</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Consolidated</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 79%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Balance as of December 31, 2019</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; width: 10%; border-top: 0.5pt solid #000000 !important; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,999</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; width: 1%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; width: 10%; border-top: 0.5pt solid #000000 !important; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,588,673</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Interest accrued</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,865</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">144,655</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Payments</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(6,256)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(360,787)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Additions and remeasurement</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,885</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">484,121</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Write-offs</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(171)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(35,381)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Effect of foreign currency exchange rate variation</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">12,007</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Assignment of contract </font><font style="font-family: 'Times New Roman'; font-size: 8pt; vertical-align: super;">(i)</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">31,612</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Balance as of December 31, 2020</font></p>
</td>
<td style="border-bottom: 1px solid #000000; border-top: 0.5pt solid #000000 !important; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">37,934</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; border-top: 0.5pt solid #000000 !important; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,833,288</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Interest accrued</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; border-top: 0.5pt solid #000000 !important; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,220</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; border-top: 0.5pt solid #000000 !important; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">147,494</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Payments </font><font style="font-family: 'Times New Roman'; font-size: 8pt; vertical-align: super;">(ii)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(8,462)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(440,574)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Additions and remeasurement</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">6,500</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">288,711</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Write-offs</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(170)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(83,157)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Effect of foreign currency exchange rate variation</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">16,264</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Reclassification to liabilities held for sale </font><font style="font-family: 'Times New Roman'; font-size: 8pt; vertical-align: super;">(iii)</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(413,715)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Balance as of December 31, 2021</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 2.8pt double #000000; border-top: 0.5pt solid #000000 !important; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">39,022</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 2.8pt double #000000; border-top: 0.5pt solid #000000 !important; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,348,311</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 1.5pt double #000000 !important; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 1.5pt double #000000 !important; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Current</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">6,129</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">188,832</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Non-current</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">32,893</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,159,479</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 11pt;">&nbsp;</font></p>
<table style="width: 100%; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td style="width: 2%;"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 8pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(i)</font></td>
<td style="width: 98%;"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 8pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Assignment of contract of the Company Ultragaz to Ultrapar.</font></td>
</tr>
<tr>
<td><font style="font-size: 8pt;"><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman'; vertical-align: super;">(i</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman'; vertical-align: super;">i</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman'; vertical-align: super;">)</font></font></td>
<td><font style="font-size: 8pt;"><font style="color: #000000; font-family: 'Times New Roman'; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Includes the amount of R$ 29,237 paid by subsidiary&nbsp;</font>Tequimar<font style="color: #000000; font-family: 'Times New Roman'; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">&nbsp;Vila do Conde related to port concession grants.</font></font></td>
</tr>
<tr>
<td><font style="color: #000000; font-family: 'Times New Roman'; font-size: 8pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(iii)</font></td>
<td><font style="font-size: 8pt;"><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">For further information. s</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">ee&nbsp;</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">N</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">ote&nbsp;3.c.1.</font></font></td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The future disbursements (installments) assumed under </font><font style="font-family: 'Times New Roman';">leases</font><font style="font-family: 'Times New Roman';"> contracts are presented below:</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 11pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 154px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td colspan="3" style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2021</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="border-top: 0.5pt solid #000000 !important; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Parent</font></p>
</td>
<td style="border-top: 0.5pt solid #000000 !important; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="border-top: 0.5pt solid #000000 !important; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Consolidated</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Up to 1 year</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">9,130</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">304,007</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">From 1 to 2 years</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">8,813</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">264,224</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">From 2 to 3 years</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">8,096</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">241,323</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">From 3 to 4 years</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">7,890</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">218,157</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">From 4 to 5 years</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">7,768</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">152,671</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">More than 5 years</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">10,096</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">965,220</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 79%; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Total</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; width: 10%; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">51,793</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1%; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; border-bottom: 2.8pt double #000000; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,145,602</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 11pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">The contracts related to the leases payable are substantially indexed by the IGP-M (General Market Price Index is a measure of Brazilian inflation, calculated by the Get&#250;lio Vargas Foundation).</font></p>
</div>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>74</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<p style="margin: 0pt; text-align: justify;"><br></p>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; font-size: 5px;"><br></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; font-size: 5px;"><br></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;"><font style="font-style: italic;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="font-size: 11pt; line-height: 115%; margin: 2pt 0pt 10pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold;">b.1. Discount rates</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The weighted average discount rates for the lease contracts </font><font style="font-family: 'Times New Roman';">of the Company </font><font style="font-family: 'Times New Roman';">are</font><font style="font-family: 'Times New Roman';">:</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 11pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 102px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td colspan="2" style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 425.2pt; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Contracts for maturity date and discount rate</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 222.65pt; height: 17px; border-top: 0.5pt solid #000000 !important; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Maturity date of the contracts</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 202.55pt; height: 17px; border-top: 0.5pt solid #000000 !important; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Discount rates (% p.a.)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 222.65pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Up to 5 years</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 202.55pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">6.92</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 222.65pt; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">From 6 to 10 years</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 202.55pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">7.12</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 222.65pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">From 11 to 15 years</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 202.55pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">7.35</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 222.65pt; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">More than 15 years</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 202.55pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">8.18</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 11pt;">&nbsp;</font></p>
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">c. </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">Lease contracts of low amount assets</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Subsidiaries Cia. Ultragaz, Bahiana, </font><font style="font-family: 'Times New Roman';">I</font><font style="font-family: 'Times New Roman';">PP and</font><font style="font-family: 'Times New Roman';"> Serma have operating lease contracts </font><font style="font-family: 'Times New Roman';">consider as </font><font style="font-family: 'Times New Roman';">being of </font><font style="font-family: 'Times New Roman';">low value, short term and variable payments </font><font style="font-family: 'Times New Roman';">for the use of</font><font style="font-family: 'Times New Roman';"> factory and</font><font style="font-family: 'Times New Roman';"> IT equipment</font><font style="font-family: 'Times New Roman';">&#8217;</font><font style="font-family: 'Times New Roman';">s, vehicles and real states</font><font style="font-family: 'Times New Roman';">. The subsidiaries have the option to purchase the assets </font><font style="font-family: 'Times New Roman';">referring to IT equipment </font><font style="font-family: 'Times New Roman';">at a price equal to the fair </font><font style="font-family: 'Times New Roman';">value</font><font style="font-family: 'Times New Roman';"> on the date of option, and management does not intend to exercise such option. The future disbursements (</font><font style="font-family: 'Times New Roman';">payments</font><font style="font-family: 'Times New Roman';">), assumed </font><font style="font-family: 'Times New Roman';">as a result of</font><font style="font-family: 'Times New Roman';"> these contracts amount approximately to:</font></font></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><font style="font-family: 'Times New Roman'; font-size: 11pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 44px;" width="100%">

<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70%; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Up to 1 year</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Between 1 and 5 years</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Total</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 70%; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">12/31/2021</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 10%; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">124</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 10%; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">994</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 10%; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,118</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70%; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">12/31/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,147</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">6,145</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">7,292</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><font style="font-family: 'Times New Roman'; font-size: 11pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The</font><font style="font-family: 'Times New Roman';"> amount of lease considered</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">as</font><font style="font-family: 'Times New Roman';"> of</font><font style="font-family: 'Times New Roman';"> low value, short term and variable payments, recognized as </font><font style="font-family: 'Times New Roman';">an </font><font style="font-family: 'Times New Roman';">expense </font><font style="font-family: 'Times New Roman';">for the </font><font style="font-family: 'Times New Roman';">year</font><font style="font-family: 'Times New Roman';"> ended</font><font style="font-family: 'Times New Roman';"> as of</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">December</font><font style="font-family: 'Times New Roman';"> 3</font><font style="font-family: 'Times New Roman';">1</font><font style="font-family: 'Times New Roman';">, 2021</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">was R$ 13,524</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">(R$ </font><font style="font-family: 'Times New Roman';">17,749</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">for the </font><font style="font-family: 'Times New Roman';">year</font><font style="font-family: 'Times New Roman';"> ended</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">as of</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">December</font><font style="font-family: 'Times New Roman';"> 3</font><font style="font-family: 'Times New Roman';">1</font><font style="font-family: 'Times New Roman';">, 2020</font><font style="font-family: 'Times New Roman';">).</font></font></p>
</div>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>75</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<p style="margin: 0pt; text-align: justify;"><br></p>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; font-size: 5px;"><br></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; font-size: 5px;"><br></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;"><font style="font-style: italic;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">d. </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">Inflation effect</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The effects of inflation </font><font style="font-family: 'Times New Roman';">for the year ended as of December 31, 2021</font><font style="font-family: 'Times New Roman';">, </font><font style="font-family: 'Times New Roman';">are as follows:</font></font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 11pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Right to use asset, net</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Parent</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="color: #323130; font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Consolidated</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Nominal base</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">35,304</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="color: #323130; font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,651,295</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Inflated base</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">42,311</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="color: #323130; font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,995,478</font></p>
</td>
</tr>
<tr style="height: 13.5pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 79%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="color: #323130; font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; border-bottom: 2.8pt double #000000; border-top: 0.5pt solid #000000 !important; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">19.8%</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; border-bottom: 2.8pt double #000000; border-top: 0.5pt solid #000000 !important; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">20.8%</font></p>
</td>
</tr>
<tr style="height: 13.5pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="color: #323130; font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 1.5pt double #000000 !important; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="color: #323130; font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="color: #323130; font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 1.5pt double #000000 !important; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="color: #323130; font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Lease liability</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Parent</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="color: #323130; font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Consolidated</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Nominal base</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">39,022</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="color: #323130; font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,348,311</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Inflated base</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">46,028</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="color: #323130; font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,692,494</font></p>
</td>
</tr>
<tr style="height: 13.5pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="color: #323130; font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.5pt solid #000000 !important; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">18.0%</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.5pt solid #000000 !important; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">25.5%</font></p>
</td>
</tr>
<tr style="height: 13.5pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="color: #323130; font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top: 1.5pt double #000000 !important; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="color: #323130; font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="color: #323130; font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top: 1.5pt double #000000 !important; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="color: #323130; font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Financial expense</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Parent</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="color: #323130; font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Consolidated</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Nominal base</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,220</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="color: #323130; font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">110,879</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Inflated base</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,132</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="color: #323130; font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">144,164</font></p>
</td>
</tr>
<tr style="height: 13.5pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; border-top: 0.5pt solid #000000 !important; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">28.3%</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; border-top: 0.5pt solid #000000 !important; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">30.0%</font></p>
</td>
</tr>
<tr style="height: 13.5pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="color: #323130; font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 1.5pt double #000000 !important; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="color: #323130; font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="color: #323130; font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 1.5pt double #000000 !important; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="color: #323130; font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Amortization expense</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Parent</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="color: #323130; font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Consolidated</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Nominal base</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">6,093</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="color: #323130; font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">260,716</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Inflated base</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">7,119</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="color: #323130; font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">294,221</font></p>
</td>
</tr>
<tr style="height: 13.5pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="color: #323130; font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.5pt solid #000000 !important; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">16.8%</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.5pt solid #000000 !important; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">12.9%</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 11pt;">&nbsp;</font></p>
</div>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>76</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
</div>
<p><br></p>
<div>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; font-size: 5px;"><br></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; font-size: 5px;"><br></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;"><font style="font-style: italic;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">15</font><font style="font-family: 'Times New Roman'; font-weight: bold;">. </font><font style="font-family: 'Times New Roman'; font-weight: bold;">Property, </font><font style="font-family: 'Times New Roman'; font-weight: bold;">p</font><font style="font-family: 'Times New Roman'; font-weight: bold;">lant, and </font><font style="font-family: 'Times New Roman'; font-weight: bold;">e</font><font style="font-family: 'Times New Roman'; font-weight: bold;">quipment</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Balances and changes in </font><font style="font-family: 'Times New Roman';">PP&amp;E</font><font style="font-family: 'Times New Roman';"> are as follows:</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<ul type="disc" style="margin: 0pt; padding-left: 0pt;">
<li style="font-family: Symbol; font-size: 11pt; list-style-position: inside; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt;"><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: normal; font-family: 'Times New Roman';">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">Parent</font></font></li>
</ul>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 11pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 232px; width: 100%;" width="100%">

<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Weighted average useful life (years)</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Balance on 12/31/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Additions</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Depreciation</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Balance on 12/31/2021</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 47%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Cost:</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1%; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1%; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1%; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Leasehold improvements</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,194</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">9,888</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">12,082</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Machinery and equipment</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">82</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">42</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">124</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Furniture and utensils</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">502</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,810</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,312</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">IT equipment</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">13,293</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">20</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">13,313</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-top: 0.5pt solid #000000 !important; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">16,071</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-top: 0.5pt solid #000000 !important; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">11,760</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-top: 0.5pt solid #000000 !important; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-top: 0.5pt solid #000000 !important; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">27,831</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Accumulated depreciation:</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Leasehold improvements</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(178)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(6,216)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(6,394)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Machinery and equipment</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(6)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(34)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(40)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Furniture and utensils</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(37)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,149)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,186)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">IT equipment</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,522)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2,683)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(4,205)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-top: 0.5pt solid #000000 !important; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,743)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-top: 0.5pt solid #000000 !important; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-top: 0.5pt solid #000000 !important; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(10,082)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-top: 0.5pt solid #000000 !important; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(11,825)</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Net amount</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 2.8pt double #000000; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">14,328</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 2.8pt double #000000; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">11,760</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 2.8pt double #000000; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(10,082)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">16,006</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 11pt;">&nbsp;</font></p>
</div>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>77</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<p><br></p>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; font-size: 5px;"><br></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; font-size: 5px;"><br></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;"><font style="font-style: italic;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic;"><br></font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 248px; width: 100%;" width="100%">

<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 36%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 10%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Weighted average useful life (years)</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 10%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Balance on 12/31/2019</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 1%; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 10%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Additions</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 1%; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 10%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Depreciation</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 1%; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 10%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Transfer</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 1%; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 10%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Balance on 12/31/2020</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Cost:</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Leasehold improvements</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">9</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">142</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,052</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,194</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Machinery and equipment</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">10</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">82</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">82</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Furniture and utensils</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">10</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">104</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">398</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">502</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Construction in progress</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,532</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2,532)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">IT equipment</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">13,293</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">13,293</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-top: 0.5pt solid #000000 !important; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,532</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-top: 0.5pt solid #000000 !important; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">13,539</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-top: 0.5pt solid #000000 !important; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-top: 0.5pt solid #000000 !important; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-top: 0.5pt solid #000000 !important; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">16,071</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Accumulated depreciation:</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Leasehold improvements</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(178)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(178)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Machinery and equipment</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(6)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(6)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Furniture and utensils</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(37)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(37)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">IT equipment</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,522)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,522)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-top: 0.5pt solid #000000 !important; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-top: 0.5pt solid #000000 !important; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-top: 0.5pt solid #000000 !important; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,743)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-top: 0.5pt solid #000000 !important; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-top: 0.5pt solid #000000 !important; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,743)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Net amount</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,532</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">13,539</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,743)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">14,328</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 11pt;">&nbsp;</font></p>
</div>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 11pt;">&nbsp;</font></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>78</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 11pt;">&nbsp;</font></p>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; font-size: 5px;"><br></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; font-size: 5px;"><br></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;"><font style="font-style: italic;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic;"><br></font></p>
<ul type="disc" style="margin: 0pt; padding-left: 0pt;">
<li style="font-family: Symbol; font-size: 11pt; list-style-position: inside; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt;"><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: normal; font-family: 'Times New Roman';">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">Consolidated</font></font></li>
</ul>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 11pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 241px; width: 100%;" width="100%">

<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 21%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 8%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Weighted average useful life (years)</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 8%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Balance on 12/31/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 10px; width: 1%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 8%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Additions</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 10px; width: 1%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 8%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Depreciation</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 10px; width: 1%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 8%;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Transfer </font><font style="font-family: 'Times New Roman'; font-weight: bold; vertical-align: super;">(i) (ii)</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 10px; width: 1%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 8%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Write-offs and disposals</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 10px; width: 1%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 8%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Effect of foreign currency exchange rate variation</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 10px; width: 1%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 8%;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Reclassification to assets held for sale</font><font style="font-family: 'Times New Roman'; font-weight: bold; vertical-align: super;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-weight: bold; vertical-align: super;">(iii)</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 10px; width: 1%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 8%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Balance on 12/31/2021</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Cost:</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Land</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">687,108</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,424</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(17,503)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,416</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(65,151)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">610,294</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Buildings</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">33</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,154,710</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">47,920</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">119,748</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(34,925)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">26,997</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(827,729)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,486,721</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Leasehold improvements</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">10</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,222,822</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">21,944</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">136,206</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(31,587)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">30</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(293,236)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,056,179</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Machinery and equipment</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">12</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">6,498,362</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">161,071</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">558,197</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(13,811)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">93,412</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(4,272,654)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,024,577</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Automotive fuel/lubricant distribution equipment and facilities</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">13</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,169,320</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">88,112</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">33,794</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(45,640)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,245,586</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">LPG tanks and bottles</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">9</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">776,479</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">91,842</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,567</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(28,957)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">840,931</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Vehicles</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">8</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">310,836</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">19,054</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">11,634</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(25,949)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">82</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(27,418)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">288,239</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Furniture and utensils</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">8</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">316,712</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">33,644</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,277</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(14,614)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,296</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(171,223)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">168,092</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">IT equipment</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">444,844</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">28,350</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">901</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(11,998)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">705</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(132,427)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">330,375</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Construction in progress </font><font style="font-family: 'Times New Roman'; vertical-align: super; font-size: 8pt;">(ii)</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">580,695</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">797,674</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(829,245)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(301)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,290</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(99,865)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">452,248</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Advances to suppliers</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">34,642</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">21,985</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(18,894)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(23,452)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">14,281</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Imports in progress</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">866</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,312</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(4,631)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">38</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(404)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">181</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top: 0.5pt solid #000000 !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">16,197,396</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top: 0.5pt solid #000000 !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,318,332</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top: 0.5pt solid #000000 !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top: 0.5pt solid #000000 !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">11,554</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top: 0.5pt solid #000000 !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(225,285)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top: 0.5pt solid #000000 !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">129,266</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top: 0.5pt solid #000000 !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(5,913,559)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top: 0.5pt solid #000000 !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">11,517,704</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 11pt;">&nbsp;</font></p>
</div>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 11pt;"><br></font></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>79</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<p style="margin: 0pt; text-align: justify;"><br></p>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; font-size: 5px;"><br></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; font-size: 5px;"><br></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;"><font style="font-style: italic;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic;"><br></font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 402px; width: 100%;" width="100%">

<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 28%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 1%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 8%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Balance on 12/31/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 10px; width: 1%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 8%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Additions</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 10px; width: 1%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 8%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Depreciation</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 10px; width: 1%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 8%;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Transfer </font><font style="font-family: 'Times New Roman'; font-weight: bold; vertical-align: super;">(i) (ii)</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 10px; width: 1%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 8%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Write-offs and disposals</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 10px; width: 1%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 8%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Effect of foreign currency exchange rate variation</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 10px; width: 1%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 8%;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Reclassification to assets held for sale</font><font style="font-family: 'Times New Roman'; font-weight: bold; vertical-align: super;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-weight: bold; vertical-align: super;">(iii)</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 10px; width: 1%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 8%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Balance on 12/31/2021</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Accumulated depreciation:</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Buildings</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(851,397)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(68,388)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(94)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">23,031</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(6,872)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">317,874</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(585,846)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Leasehold improvements</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(689,161)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(81,976)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">81</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">27,519</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(37)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">170,021</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(573,553)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Machinery and equipment</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(3,598,304)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(356,637)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">11,717</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(21,651)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,206,474</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,758,401)</font></p>
</td>
</tr>
<tr style="height: 34px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Automotive fuel/lubricant distribution equipment and facilities</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,906,953)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(178,110)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(311)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">34,841</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2,050,533)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">LPG tanks and bottles</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(454,651)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(62,558)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">18,899</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(498,310)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Vehicles</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(143,854)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(22,927)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">195</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">15,480</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(20)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">17,977</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(133,149)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Furniture and utensils</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(191,713)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(23,594)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">24</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">14,443</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(817)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">89,369</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(112,288)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">IT equipment</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(352,256)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(35,614)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">317</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">11,489</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(435)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">106,965</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(269,534)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top: 0.5pt solid #000000 !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(8,188,289)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top: 0.5pt solid #000000 !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top: 0.5pt solid #000000 !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(829,804)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top: 0.5pt solid #000000 !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">212</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top: 0.5pt solid #000000 !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">157,419</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top: 0.5pt solid #000000 !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(29,832)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top: 0.5pt solid #000000 !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,908,680</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top: 0.5pt solid #000000 !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(5,981,614)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Provision for losses:</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Land</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(146)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(146)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Leasehold improvements</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(61)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(43,666)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(3)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">43,712</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(18)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Machinery and equipment</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2,857)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(839)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">6</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(45)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,446</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,289)</font></p>
</td>
</tr>
<tr style="height: 34px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Automotive fuel/lubricant distribution equipment and facilities</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(73)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">27</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(46)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Vehicles</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(160)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">160</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Furniture and utensils</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(14,887)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">14,887</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">IT equipment</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,660)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,660</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Advances to suppliers</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(110)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">110</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top: 0.5pt solid #000000 !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(3,247)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top: 0.5pt solid #000000 !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(61,212)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top: 0.5pt solid #000000 !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top: 0.5pt solid #000000 !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top: 0.5pt solid #000000 !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">33</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top: 0.5pt solid #000000 !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(48)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top: 0.5pt solid #000000 !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">62,975</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top: 0.5pt solid #000000 !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,499)</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Net amount</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">8,005,860</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,257,120</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(829,804)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">11,766</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(67,833)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">99,386</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2,941,904)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,534,591</font></p>
</td>
</tr>

</table>
<p><br></p>
<table style="width: 100%; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td style="width: 2%;"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 8pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(i)</font></td>
<td style="width: 98%;"><font style="font-size: 8pt;"><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">Refers to&nbsp;</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">R</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">$&nbsp;</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">169</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">&nbsp;</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">transferred&nbsp;</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">to</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">&nbsp;intangible assets.</font></font></td>
</tr>
<tr>
<td><font style="color: #000000; font-family: 'Times New Roman'; font-size: 8pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(ii)</font></td>
<td><font style="font-size: 8pt;"><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">Includes R$&nbsp;</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">11,935</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">&nbsp;transferred</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">&nbsp;from right-of-use</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">&nbsp;assets</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">.</font></font></td>
</tr>
<tr>
<td><font style="color: #000000; font-family: 'Times New Roman'; font-size: 8pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(iii)</font></td>
<td><font style="color: #000000; font-family: 'Times New Roman'; font-size: 8pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">For further information, see Note 3.c.1.</font></td>
</tr>

</table>
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><br></p>
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><br></p>
</div>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>80</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><br></p>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; font-size: 5px;"><br></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; font-size: 5px;"><br></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;"><font style="font-style: italic;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic;"><br></font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 241px; width: 100%;" width="100%">

<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 30%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 8%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Weighted average useful life (years)</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 8%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Balance on 12/31/2019</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1%; border-bottom-width: 1px; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 8%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Additions</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1%; border-bottom-width: 1px; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 8%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Depreciation</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1%; border-bottom-width: 1px; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 8%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Transfer (i)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1%; border-bottom-width: 1px; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 8%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Write-offs and disposals</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1%; border-bottom-width: 1px; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 8%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Effect of foreign currency exchange rate variation</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1%; border-bottom-width: 1px; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 8%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Balance on 12/31/2020</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Cost:</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Land</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">667,865</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">21,300</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,113</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(14,427)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">10,257</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">687,108</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Buildings</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">32</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,925,946</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">25,572</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">148,527</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(27,210)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">81,875</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,154,710</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Leasehold improvements</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">9</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,121,528</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">28,374</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">89,559</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(16,954)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">315</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,222,822</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Machinery and equipment</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">13</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,707,721</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">144,089</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">378,883</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(5,554)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">273,223</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">6,498,362</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Automotive fuel/lubricant distribution equipment and facilities</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">13</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,991,472</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">90,279</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">133,963</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(46,394)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,169,320</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">LPG tanks and bottles</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">10</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">755,460</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">65,230</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">289</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(44,500)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">776,479</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Vehicles</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">8</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">320,161</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">22,495</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">8,363</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(40,517)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">334</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">310,836</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Furniture and utensils</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">9</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">295,604</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">13,985</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">6,775</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(3,694)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,042</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">316,712</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Construction in progress</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">827,086</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">506,367</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(765,785)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,167)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">14,194</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">580,695</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Advances to suppliers</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">12,544</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">28,339</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(6,185)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(56)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">34,642</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Imports in progress</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">250</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,437</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(822)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">866</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">IT equipment</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">412,809</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">32,134</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">539</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2,827)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,189</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">444,844</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top: 0.5pt solid #000000 !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">15,038,446</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top: 0.5pt solid #000000 !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">979,601</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top: 0.5pt solid #000000 !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top: 0.5pt solid #000000 !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(3,781)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top: 0.5pt solid #000000 !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(203,300)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top: 0.5pt solid #000000 !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">386,430</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top: 0.5pt solid #000000 !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">16,197,396</font></p>
</td>
</tr>

</table>
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 11pt;">&nbsp;</font></p>
</div>
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 11pt;">&nbsp;</font></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>81</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><br></p>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; font-size: 5px;"><br></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; font-size: 5px;"><br></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;"><font style="font-style: italic;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 11pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 303px; width: 100%;" width="100%">

<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 37%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 8%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Balance on 12/31/2019</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; width: 1%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 8%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Additions</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; width: 1%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 8%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Depreciation</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; width: 1%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 8%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Transfer (i)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; width: 1%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 8%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Write-offs and disposals</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; width: 1%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 8%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Effect of foreign currency exchange rate variation</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; width: 1%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 8%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Balance on 12/31/2020</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Accumulated depreciation:</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Buildings</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(793,835)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(65,318)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,376</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">20,021</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(14,641)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(851,397)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Leasehold improvements</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(614,379)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(80,995)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">49</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">6,252</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(88)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(689,161)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Machinery and equipment</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(3,231,627)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(317,694)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">59</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,091</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(53,133)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(3,598,304)</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Automotive fuel/lubricant distribution equipment and facilities</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,766,878)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(176,404)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(6)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">36,335</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,906,953)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">LPG tanks and bottles</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(425,554)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(56,267)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(30)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">27,200</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(454,651)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Vehicles</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(139,045)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(24,585)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">48</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">19,997</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(269)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(143,854)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Furniture and utensils</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(171,475)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(21,060)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">7</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,988</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2,173)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(191,713)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">IT equipment</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(318,063)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(35,080)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">122</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,676</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,911)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(352,256)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top: 0.5pt solid #000000 !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(7,460,856)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top: 0.5pt solid #000000 !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top: 0.5pt solid #000000 !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(777,403)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top: 0.5pt solid #000000 !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,625</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top: 0.5pt solid #000000 !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">119,560</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top: 0.5pt solid #000000 !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(72,215)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top: 0.5pt solid #000000 !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(8,188,289)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Provision for losses:</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Advances to suppliers</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(110)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(110)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Land</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(146)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(146)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Leasehold improvements</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,599)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">910</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">639</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(11)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(61)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Machinery and equipment</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2,875)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">156</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(138)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2,857)</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Automotive fuel/lubricant distribution equipment and facilities</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(98)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">25</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(73)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top: 0.5pt solid #000000 !important; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(4,828)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top: 0.5pt solid #000000 !important; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">910</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top: 0.5pt solid #000000 !important; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top: 0.5pt solid #000000 !important; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top: 0.5pt solid #000000 !important; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">820</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top: 0.5pt solid #000000 !important; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(149)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top: 0.5pt solid #000000 !important; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(3,247)</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Net amount</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">7,572,762</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">980,511</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(777,403)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,156)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(82,920)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">314,066</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">8,005,860</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">(i) Refers to amounts transferred between items and to intangible assets.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"><br></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Construction in progress relates substantially to expansions, renovations, constructions and upgrade of industrial facilities, terminals, stores, service stations and distribution bases.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Advances to suppliers is related, basically, to manufacturing of assets for expansion of plants, terminals, stores, service stations and bases and acquisition of real estate.</font></p>
</div>
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>82</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
</div>
<p><br></p>
<div>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; font-size: 5px;"><br></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; font-size: 5px;"><br></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;"><font style="font-style: italic;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">16. </font><font style="font-family: 'Times New Roman'; font-weight: bold;">Intangible </font><font style="font-family: 'Times New Roman'; font-weight: bold;">a</font><font style="font-family: 'Times New Roman'; font-weight: bold;">ssets</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Balances and changes in intangible assets are </font><font style="font-family: 'Times New Roman';">as follows</font><font style="font-family: 'Times New Roman';">:</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<ul type="disc" style="margin: 0pt; padding-left: 0pt;">
<li style="font-family: Symbol; font-size: 11pt; list-style-position: inside; margin: 2pt 0pt 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; text-indent: 0pt; widows: 0;"><font style="font-size: 10pt;"><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: normal; font-family: 'Times New Roman';">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">Parent</font></font></li>
</ul>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><font style="font-family: 'Times New Roman'; font-size: 11pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 147px; width: 100%;" width="100%">

<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 47%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 9pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Weighted average useful life (years)</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Balance on 12/31/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1%; height: 10px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Additions</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1%; height: 10px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Amortization</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1%; height: 10px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Balance on 12/31/2021</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Cost:</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Goodwill (a)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">246,163</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">246,163</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Software (b)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">9,111</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">197</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">9,308</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-top: 0.5pt solid #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">255,274</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-top: 0.5pt solid #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">197</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-top: 0.5pt solid #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-top: 0.5pt solid #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">255,471</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Accumulated amortization:</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Software</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,032)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,854)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2,886)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; border-top: 0.5pt solid #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,032)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; border-top: 0.5pt solid #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; border-top: 0.5pt solid #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,854)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; border-top: 0.5pt solid #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2,886)</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Net amount</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">254,242</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">197</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,854)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">252,585</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 9pt;">&nbsp;</font></p>
</div>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 11pt;">&nbsp;</font></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>83</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 11pt;">&nbsp;</font></p>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; font-size: 5px;"><br></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; font-size: 5px;"><br></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;"><font style="font-style: italic;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 11pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 36pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 47%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 9pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Weighted average useful life (years)</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Balance on 12/31/2019</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1%; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Additions</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1%; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Amortization</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1%; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Balance on 12/31/2020</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Cost:</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Goodwill (a)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">246,163</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">246,163</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Software (b)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">9,111</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">9,111</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top: 0.5pt solid #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">246,163</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top: 0.5pt solid #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">9,111</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top: 0.5pt solid #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top: 0.5pt solid #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">255,274</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Accumulated amortization:</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Software</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,032)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,032)</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top: 0.5pt solid #000000 !important; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top: 0.5pt solid #000000 !important; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top: 0.5pt solid #000000 !important; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,032)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top: 0.5pt solid #000000 !important; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,032)</font></p>
</td>
</tr>
<tr style="height: 13.5pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Net amount</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">246,163</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">9,111</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,032)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">254,242</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 11pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 11pt;"><br></font></p>
</div>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>84</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<p style="margin: 0pt; text-align: justify;"><br></p>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; font-size: 5px;"><br></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; font-size: 5px;"><br></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;"><font style="font-style: italic;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
<p style="margin: 0pt; text-align: justify;"><br></p>
<ul type="disc" style="margin: 0pt; padding-left: 0pt;">
<li style="font-family: Symbol; font-size: 11pt; list-style-position: inside; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font: 7.0pt 'Times New Roman';">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">Consolida</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">ted</font></font></li>
</ul>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 11pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 385px; width: 100%;" width="100%">

<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 21%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 9pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 8%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Weighted average useful life (years)</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 8%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Balance on 12/31/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 10px; width: 1%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 8%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Additions</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 10px; width: 1%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 8%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Amortization</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 10px; width: 1%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 8%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Transfer (i)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 10px; width: 1%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 8%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Write-offs and disposals</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 10px; width: 1%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 8%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Effect of foreign currency exchange rate variation</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 10px; width: 1%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 8%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Reclassification to assets held for sale (ii)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 10px; width: 1%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 8%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Balance on 12/31/2021</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Cost:</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Goodwill (a)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,525,088</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(706,992)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">818,096</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Software (b)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,395,046</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">284,311</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">372</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(19,826)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,808</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(514,731)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,146,980</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Technology (c) </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">32,617</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(32,617)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Distribution rights</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">12</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">133,599</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(19,006)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">114,593</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Brands (d)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">136,962</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,759</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(72,523)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">69,198</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Trademark rights (d)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">39</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">114,792</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">114,792</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Others (e)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">10</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">50,698</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,678</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(76)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(51,879)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">421</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Decarbonization credits (f)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">176,837</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(176,837)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top: 0.5pt solid #000000 !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,388,802</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top: 0.5pt solid #000000 !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">462,826</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top: 0.5pt solid #000000 !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top: 0.5pt solid #000000 !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">372</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top: 0.5pt solid #000000 !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(196,663)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top: 0.5pt solid #000000 !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">6,491</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top: 0.5pt solid #000000 !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,397,748)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top: 0.5pt solid #000000 !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,264,080</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Accumulated amortization:</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Software</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(825,024)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(206,025)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(203)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">19,329</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,566)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">334,087</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(679,402)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Technology</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(32,617)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">32,617</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Distribution rights</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(113,326)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(3,093)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">15,392</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(101,027)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Trademark rights</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(9,056)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2,937)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(11,993)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Others</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(32,844)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(167)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">32,611</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(402)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-top: 0.5pt solid #000000 !important; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,012,867)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-top: 0.5pt solid #000000 !important; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-top: 0.5pt solid #000000 !important; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(212,222)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-top: 0.5pt solid #000000 !important; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(203)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-top: 0.5pt solid #000000 !important; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">19,329</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-top: 0.5pt solid #000000 !important; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,568)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-top: 0.5pt solid #000000 !important; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">414,707</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-top: 0.5pt solid #000000 !important; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(792,824)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Provision for losses and impairment:</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Goodwill (a)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(593,280)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(68,273)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">661,553</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Distribution rights</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(76,218)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">76,218</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-top: 0.5pt solid #000000 !important; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(593,280)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-top: 0.5pt solid #000000 !important; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(144,491)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-top: 0.5pt solid #000000 !important; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-top: 0.5pt solid #000000 !important; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-top: 0.5pt solid #000000 !important; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-top: 0.5pt solid #000000 !important; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-top: 0.5pt solid #000000 !important; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">737,771</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-top: 0.5pt solid #000000 !important; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Net amount</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,782,655</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">318,335</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(212,222)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">169</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(177,334)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,923</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(245,270)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,471,256</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 9pt;">&nbsp;</font></p>
<table style="width: 100%; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td style="width: 2%;"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 8pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(i)</font></td>
<td style="width: 98%;"><font style="font-size: 8pt;"><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">Refers to amounts transferred&nbsp;</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">from</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">&nbsp;</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">PP&amp;E</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">.</font></font></td>
</tr>
<tr>
<td><font style="color: #000000; font-family: 'Times New Roman'; font-size: 8pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(ii)</font></td>
<td><font style="color: #000000; font-family: 'Times New Roman'; font-size: 8pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">For further information, see Note 3.c.1.</font></td>
</tr>

</table>
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><br></p>
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><br></p>
</div>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>85</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><br></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; font-size: 5px;"><br></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; font-size: 5px;"><br></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;"><font style="font-style: italic;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><br></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 42.5pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 30%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 9pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 8%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Weighted average useful life (years)</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 8%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Balance on 12/31/2019</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1%; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 8%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Additions</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1%; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 8%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Amortization</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1%; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 8%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Transfer (i)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1%; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 8%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Write-offs and disposals</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1%; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 8%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Effect of foreign currency exchange rate variation</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1%; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 8%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Balance on 12/31/2020</font></p>
</td>
</tr>
<tr style="height: 11.35pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Cost:</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 11.35pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Goodwill (a)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,525,088</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,525,088</font></p>
</td>
</tr>
<tr style="height: 11.35pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Software (b)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,210,529</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">184,027</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">993</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(6,633)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">6,130</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,395,046</font></p>
</td>
</tr>
<tr style="height: 11.35pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Technology (c) </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">32,617</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">32,617</font></p>
</td>
</tr>
<tr style="height: 11.35pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Commercial property rights</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">7,934</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(7,934)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 11.35pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Distribution rights</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">10</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">133,599</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">133,599</font></p>
</td>
</tr>
<tr style="height: 11.35pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Brands (d)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">122,504</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">14,458</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">136,962</font></p>
</td>
</tr>
<tr style="height: 11.35pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Trademark rights (d)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">39</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">114,792</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">114,792</font></p>
</td>
</tr>
<tr style="height: 11.35pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Others (e)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">10</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">44,900</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,040</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,758</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">50,698</font></p>
</td>
</tr>
<tr style="height: 11.35pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Decarbonization credits (f)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">125,345</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,058)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(124,287)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 11.35pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top: 0.5pt solid #000000 !important; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,191,963</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top: 0.5pt solid #000000 !important; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">310,412</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top: 0.5pt solid #000000 !important; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top: 0.5pt solid #000000 !important; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(65)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top: 0.5pt solid #000000 !important; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(138,854)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top: 0.5pt solid #000000 !important; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">25,346</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top: 0.5pt solid #000000 !important; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,388,802</font></p>
</td>
</tr>
<tr style="height: 11.35pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Accumulated amortization:</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 11.35pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Software</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(648,861)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(175,144)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,375</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(4,394)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(825,024)</font></p>
</td>
</tr>
<tr style="height: 11.35pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Technology</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(32,616)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(32,616)</font></p>
</td>
</tr>
<tr style="height: 11.35pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Commercial property rights</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(6,384)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(85)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">6,469</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 11.35pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Distribution rights</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(108,932)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(4,394)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(113,326)</font></p>
</td>
</tr>
<tr style="height: 11.35pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Trademark rights</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(6,119)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2,937)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(9,056)</font></p>
</td>
</tr>
<tr style="height: 11.35pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Others</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(32,713)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(121)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(11)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(32,845)</font></p>
</td>
</tr>
<tr style="height: 11.35pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top: 0.5pt solid #000000 !important; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(835,625)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top: 0.5pt solid #000000 !important; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top: 0.5pt solid #000000 !important; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(182,681)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top: 0.5pt solid #000000 !important; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top: 0.5pt solid #000000 !important; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">9,844</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top: 0.5pt solid #000000 !important; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(4,405)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top: 0.5pt solid #000000 !important; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,012,867)</font></p>
</td>
</tr>
<tr style="height: 11.35pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Provision for losses and impairment:</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 11.35pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Goodwill (a)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(593,280)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(593,280)</font></p>
</td>
</tr>
<tr style="height: 11.35pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Commercial property rights</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(465)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">465</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 11.35pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top: 0.5pt solid #000000 !important; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(593,745)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top: 0.5pt solid #000000 !important; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top: 0.5pt solid #000000 !important; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top: 0.5pt solid #000000 !important; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top: 0.5pt solid #000000 !important; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">465</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top: 0.5pt solid #000000 !important; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top: 0.5pt solid #000000 !important; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(593,280)</font></p>
</td>
</tr>
<tr style="height: 11.35pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Net amount</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,762,593</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">310,412</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(182,681)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(65)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(128,545)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">20,941</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,782,655</font></p>
</td>
</tr>

</table>
<p style="margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 9pt;">&nbsp;</font></p>
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">(i) Refers to amounts transferred to property, plant and equipment and prepaid expenses.</font></p>
</div>
<p style="margin: 0pt; text-align: justify;"><br></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>86</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
</div>
<p><br></p>
<div>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; font-size: 5px;"><br></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; font-size: 5px;"><br></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;"><font style="font-style: italic;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">a. </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">Goodwill</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The balance </font><font style="font-family: 'Times New Roman';">of the goodwill </font><font style="font-family: 'Times New Roman';">is tested annually for impairment</font><font style="font-family: 'Times New Roman';"> and</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">is represented by</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">the following </font><font style="font-family: 'Times New Roman';">acquisitions</font><font style="font-family: 'Times New Roman';">:</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 11pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 294px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Segment</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2021</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2020</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Goodwill on the acquisition of:</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 63%; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Extrafarma </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 12%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Extrafarma</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 12%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">661,553</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 12%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">661,553</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Extrafarma &#8211; impairment (i)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Extrafarma</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(661,553)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(593,280)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Extrafarma &#8211; net</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Extrafarma</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-top: 0.5pt solid #000000 !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-top: 0.5pt solid #000000 !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">68,273</font></p>
</td>
</tr>
<tr style="height: 20px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 20px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ipiranga <font style="font-size: 8pt;">(ii)</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 20px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ipiranga</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 20px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">276,724</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 20px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 20px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">276,724</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Uni&#227;o Terminais</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultracargo</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">211,089</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">211,089</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Texaco</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ipiranga</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">177,759</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">177,759</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Iconic (CBLSA)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ipiranga</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">69,807</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">69,807</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Oxiteno Uruguay (iii)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Oxiteno</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">44,856</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Temmar</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultracargo</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">43,781</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">43,781</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">DNP</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ipiranga</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">24,736</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">24,736</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Repsol</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultragaz</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">13,403</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">13,403</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">TEAS</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultracargo</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">797</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">797</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Others <font style="font-size: 8pt;">(iii)</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Oxiteno</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">583</font></p>
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<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">818,096</font></p>
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">931,808</font></p>
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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 11pt;">&nbsp;</font></p>
<table style="width: 100%; margin-left: 0.1px; height: 51px; font-family: 'times new roman'; font-size: 10pt;">

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<td style="height: 17px; width: 2%;"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 8pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(i)</font></td>
<td style="height: 17px; width: 98%;"><font style="font-size: 8pt;"><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">For further&nbsp;</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">information, see Note 3.</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">a</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">.</font></font></td>
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<td style="height: 17px;"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 8pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(ii)</font></td>
<td style="height: 17px;"><font style="font-size: 8pt;"><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">Including R$ 246,163 pre</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">sented&nbsp;as goodwill</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">&nbsp;</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">at</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">&nbsp;</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">parent Company&nbsp;</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">Ultrapar</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">.</font></font></td>
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<td style="height: 17px;"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 8pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(iii)</font></td>
<td style="height: 17px;"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 8pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">For further information about reclassification, see Note 3.c.1.</font></td>
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<p style="margin: 0pt; text-align: justify;"><br></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">On December 31, </font><font style="font-family: 'Times New Roman';">20</font><font style="font-family: 'Times New Roman';">21</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">the Company tested the balances of goodwill shown in the table above for impairment. The determination of value in use involves assumptions, judgments</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> and estimates of cash flows, such</font><font style="font-family: 'Times New Roman';"> as growth rates of revenues, costs and expenses, estimates of investments and working capital</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> and discount rates. The assumptions about growth projections and future cash flows are based on the </font><font style="font-family: 'Times New Roman';">Company&#8217;s </font><font style="font-family: 'Times New Roman';">business plan</font><font style="font-family: 'Times New Roman';"> of </font><font style="font-family: 'Times New Roman';">its </font><font style="font-family: 'Times New Roman';">operating </font><font style="font-family: 'Times New Roman';">segments</font><font style="font-family: 'Times New Roman';">, as well as comparable market data, and represent management&#8217;s best estimate of the economic conditions that will exist over the economic life of the various CGUs, to which goodwill is related. The main key-assumptions used by the Company to calculate the value in use are described below:</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; text-decoration: underline;">Period of evaluation</font><font style="font-family: 'Times New Roman';">: t</font><font style="font-family: 'Times New Roman';">he evaluation of the value in use is calculated for a period of </font><font style="font-family: 'Times New Roman';">five</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">years</font><font style="font-family: 'Times New Roman';"> (exce</font><font style="font-family: 'Times New Roman';">p</font><font style="font-family: 'Times New Roman';">t </font><font style="font-family: 'Times New Roman';">the </font><font style="font-family: 'Times New Roman';">Extrafarma</font><font style="font-family: 'Times New Roman';"> segment</font><font style="font-family: 'Times New Roman';">)</font><font style="font-family: 'Times New Roman';">, after which </font><font style="font-family: 'Times New Roman';">the Company</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">calculate</font><font style="font-family: 'Times New Roman';">d</font><font style="font-family: 'Times New Roman';"> the perpetuity, considering the possibility of carrying the business on indefinitely.</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">For </font><font style="font-family: 'Times New Roman';">the </font><font style="font-family: 'Times New Roman';">Extrafarma segment, a period of </font><font style="font-family: 'Times New Roman';">ten</font><font style="font-family: 'Times New Roman';"> years </font><font style="font-family: 'Times New Roman';">was used </font><font style="font-family: 'Times New Roman';">due to </font><font style="font-family: 'Times New Roman';">a four-year</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">period </font><font style="font-family: 'Times New Roman';">to maturity </font><font style="font-family: 'Times New Roman';">of </font><font style="font-family: 'Times New Roman';">new stores</font><font style="font-family: 'Times New Roman';"> were considered</font><font style="font-family: 'Times New Roman';">.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; text-decoration: underline;">Discount and real growth rates</font><font style="font-family: 'Times New Roman';">:</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">o</font><font style="font-family: 'Times New Roman';">n December 31, </font><font style="font-family: 'Times New Roman';">20</font><font style="font-family: 'Times New Roman';">21</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> t</font><font style="font-family: 'Times New Roman';">he discount and </font><font style="font-family: 'Times New Roman';">real </font><font style="font-family: 'Times New Roman';">growth rates used to extrapolate the projections ranged </font><font style="font-family: 'Times New Roman';">from </font><font style="font-family: 'Times New Roman';">9.4</font><font style="font-family: 'Times New Roman';">% to </font><font style="font-family: 'Times New Roman';">10.5</font><font style="font-family: 'Times New Roman';">% </font><font style="font-family: 'Times New Roman';">and </font><font style="font-family: 'Times New Roman';">from </font><font style="font-family: 'Times New Roman';">0</font><font style="font-family: 'Times New Roman';">% to </font><font style="font-family: 'Times New Roman';">1</font><font style="font-family: 'Times New Roman';">% p.</font><font style="font-family: 'Times New Roman';">a</font><font style="font-family: 'Times New Roman';">.,</font><font style="font-family: 'Times New Roman';"> respectively, depending on the CGU analyzed.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; text-decoration: underline;">Revenue from sales and services, costs and expenses, and gross margin</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">considers</font><font style="font-family: 'Times New Roman';"> the budget prepared</font><font style="font-family: 'Times New Roman';"> for </font><font style="font-family: 'Times New Roman';">202</font><font style="font-family: 'Times New Roman';">2</font><font style="font-family: 'Times New Roman';"> and the long-term strategic plan prepared</font><font style="font-family: 'Times New Roman';"> by management and approved by the Board of Directors.</font></font></p>
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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>87</font></font></td>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
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<p style="margin: 0pt; text-align: justify;"><br></p>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; font-size: 5px;"><br></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; font-size: 5px;"><br></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;"><font style="font-style: italic;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">b. </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">Software</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">I</font><font style="font-family: 'Times New Roman';">ncludes user licenses and costs for the implementation of the various systems used by the Company and its subsidiaries: integrated management and control, financial management, foreign trade, industrial automation, operational and storage management, accounting information</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> and other </font><font style="font-family: 'Times New Roman';">systems.</font><font style="font-family: 'Times New Roman';"> Also include expenses related to software in progress </font><font style="font-family: 'Times New Roman';">in the amount of R$ </font><font style="font-family: 'Times New Roman';">27,672</font><font style="font-family: 'Times New Roman';"> on </font><font style="font-family: 'Times New Roman';">December</font><font style="font-family: 'Times New Roman';"> 3</font><font style="font-family: 'Times New Roman';">1</font><font style="font-family: 'Times New Roman';">, 202</font><font style="font-family: 'Times New Roman';">1</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">(</font><font style="font-family: 'Times New Roman';">R$ </font><font style="font-family: 'Times New Roman';">13,684</font><font style="font-family: 'Times New Roman';"> on December 31, 20</font><font style="font-family: 'Times New Roman';">20</font><font style="font-family: 'Times New Roman';"> - restated</font><font style="font-family: 'Times New Roman';">)</font><font style="font-family: 'Times New Roman';">.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">c. </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">Technology</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The subsidiaries Oxiteno S.A.</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">and Oleoqu&#237;mica</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">recognize as technology certain rights of use held by them. Such licenses include the production of ethylene oxide, ethylene glycols, ethanolamines, glycol ethers, ethoxylates, solvents, fatty acids from vegetable oils, fatty alcohols, and specialty chemicals, which are products that are supplied to various industries.</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">The balance in question was reclassified to assets of subsidiaries held for sale. For </font><font style="font-family: 'Times New Roman';">further</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">details</font><font style="font-family: 'Times New Roman';">, see </font><font style="font-family: 'Times New Roman';">Note</font><font style="font-family: 'Times New Roman';"> 3.b.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">d. </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">Brands and </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">t</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">rademark rights</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Brands </font><font style="font-family: 'Times New Roman';">are represented by the acquisition cost of the &#8216;am/pm&#8217; brand in Brazil</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">acquired in the business combination</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">and Chevron</font><font style="font-family: 'Times New Roman';"> and Texaco</font><font style="font-family: 'Times New Roman';"> trademark rights</font><font style="font-family: 'Times New Roman';">.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">e. </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">Other intangible</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">s</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">R</font><font style="font-family: 'Times New Roman';">efer</font><font style="font-family: 'Times New Roman';">s</font><font style="font-family: 'Times New Roman';"> mainly to </font><font style="font-family: 'Times New Roman';">the </font><font style="font-family: 'Times New Roman';">loyalty program </font><font style="font-family: 'Times New Roman';">&#8220;</font><font style="font-family: 'Times New Roman';">Clube Extrafarma</font><font style="font-family: 'Times New Roman';">&#8221;</font><font style="font-family: 'Times New Roman';"> reclassified to assets of subsidiaries held for sale. For </font><font style="font-family: 'Times New Roman';">further</font><font style="font-family: 'Times New Roman';"> details, see </font><font style="font-family: 'Times New Roman';">N</font><font style="font-family: 'Times New Roman';">ote 3.a.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold;">f. Decarbonization credits</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Represent t</font><font style="font-family: 'Times New Roman';">he CBIO</font><font style="font-family: 'Times New Roman';">S</font><font style="font-family: 'Times New Roman';"> acquired </font><font style="font-family: 'Times New Roman';">and</font><font style="font-family: 'Times New Roman';"> recorded at acquisition cost.</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">The </font><font style="font-family: 'Times New Roman';">amount</font><font style="font-family: 'Times New Roman';"> in the &#8220;</font><font style="font-family: 'Times New Roman';">write-offs</font><font style="font-family: 'Times New Roman';">&#8221; column refers to CBIOS retired in the </font><font style="font-family: 'Times New Roman';">year</font><font style="font-family: 'Times New Roman';">, </font><font style="font-family: 'Times New Roman';">that can not be the object of </font><font style="font-family: 'Times New Roman';">future negotiation.</font></font></p>
</div>
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>88</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
</div>
</div><div style="font-family: 'times new roman', times; font-size: 10pt;">
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; font-size: 5px;"><br></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; font-size: 5px;"><br></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;"><font style="font-style: italic;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
<h1 style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-weight: bold;"><br></font></font></h1>
<h1 style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-weight: bold;">17</font><font style="font-weight: bold;">.</font><font style="font-weight: bold;">&nbsp;</font><font style="font-weight: bold;">Loans</font><font style="font-weight: bold;">,</font><font style="font-weight: bold;"> </font><font style="font-weight: bold;">f</font><font style="font-weight: bold;">inancing,</font><font style="font-weight: bold;"> </font><font style="font-weight: bold;">d</font><font style="font-weight: bold;">ebentures</font><font style="font-weight: bold;"> and </font><font style="font-weight: bold;">h</font><font style="font-weight: bold;">edge </font><font style="font-weight: bold;">d</font><font style="font-weight: bold;">erivative </font><font style="font-weight: bold;">f</font><font style="font-weight: bold;">inancial </font><font style="font-weight: bold;">i</font><font style="font-weight: bold;">nstruments</font></font></h1>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold;">a. Composition</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<ul type="disc" style="margin: 0pt; padding-left: 0pt;">
<li style="font-family: Symbol; font-size: 11pt; margin: 2pt 0pt 0pt 28.06pt; padding-left: 7.94pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Parent</font></li>
</ul>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 182px; width: 100%;" width="100%">

<tr style="height: 44px; background-color: #ffffff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #ffffff; height: 44px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Description</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #ffffff; height: 44px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">12/31/2021</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #ffffff; height: 44px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #ffffff; height: 44px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">12/31/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #ffffff; height: 44px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #ffffff; height: 44px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Index/ Currency</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #ffffff; height: 44px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Weighted average financial charges 12/31/2021 &#8211; % p.a.</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #ffffff; height: 44px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Maturity</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Brazilian Reais:</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 48%;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Debentures &#8211; 6th issuance (f.5)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,764,199</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 1%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,734,113</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 10%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">DI</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 10%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">105.3</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 10%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2023</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Notes &#8211; Ultrapar (g.1)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1pt solid #000000; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1pt solid #000000; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,038,499</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">R$ + DI</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2021</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Total </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,764,199</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,772,612</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Current</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">39,333</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,048,495</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Non-current</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,724,866</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,724,117</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</div>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>89</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<p style="margin: 0pt; text-align: justify;"><br></p>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; font-size: 5px;"><br></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; font-size: 5px;"><br></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;"><font style="font-style: italic;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
<p style="font-size: 11pt; line-height: 115%; margin: 0px; text-align: justify; text-indent: 0px;"><br></p>
<ul type="disc" style="margin: 0pt; padding-left: 0pt;">
<li style="font-family: Symbol; font-size: 11pt; margin: 2pt 0pt 0pt 28.06pt; padding-left: 7.94pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Consolidated</font></li>
</ul>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 518px; width: 100%;" width="100%">

<tr style="height: 51px; background-color: #ffffff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #ffffff; height: 51px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Description</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #ffffff; height: 51px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">12/31/2021</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #ffffff; height: 51px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #ffffff; height: 51px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">12/31/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #ffffff; height: 51px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #ffffff; height: 51px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Index/ Currency</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #ffffff; height: 51px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Weighted average financial charges 12/31/2021 &#8211; % p.a.</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #ffffff; height: 51px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Maturity</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Foreign currency:</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 48%; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Notes in the foreign market (b) (*)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">7,821,441</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">7,267,687</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">US$</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">5.3</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2026 to 2029</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Foreign loan (c.1) (*)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">735,438</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,047,644</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">US$ </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">4.0</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2023</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Foreign loan (c.1) (*)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">275,936</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">261,284</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 10pt; font-family: 'times new roman', times;">US$ + LIBOR <font style="vertical-align: super;">(1)</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1.0</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2022</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Financial institutions (d)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">154,783</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">US$</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2022</font></p>
</td>
</tr>
<tr style="height: 22px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 22px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Financial institutions (d)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 22px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 22px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 22px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">39,350</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 22px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 22px;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 10pt; font-family: 'times new roman', times;">MX$ <font style="vertical-align: super;">(2)</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 22px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 22px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2021</font></p>
</td>
</tr>
<tr style="height: 22px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 22px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Financial institutions (d)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 22px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 22px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 22px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">312,200</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 22px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 22px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 10pt; font-family: 'times new roman', times;">US$ + LIBOR <font style="vertical-align: super;">(1)</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 22px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 22px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2021</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Advances on foreign exchange contracts</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">105,579</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">US$</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2021</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Total foreign currency</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">8,832,815</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">9,188,527</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Brazilian Reais:</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Debentures &#8211; CRA (f.2, f.4 and f.6)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> 2,063,788</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> 2,037,602</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">DI</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">95.8</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2022 to 2023</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Debentures &#8211; 6&#170; issuance (f.5)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> 1,764,199</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> 1,734,113</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">DI</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">105.3</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2023</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Debentures &#8211; CRA (f.2, f.4, f.6 and f.10) (*)&nbsp; </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> 1,940,237</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> 1,000,824</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">IPCA</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">4.7</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2024 to 2028</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Debentures &#8211; Ipiranga (f.1 and f.3)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> 771,538</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> 1,679,036</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">DI</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">105.0</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2022</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Debentures &#8211; Ultracargo Log&#237;stica and Tequimar Vila do Conde (f.8 and f.9) (*)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> 466,061</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">IPCA</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">4.1</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2028</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Banco do Brasil (e)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> 204,813</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> 407,420</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">DI</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">110.9</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2022</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Debentures &#8211; Ultracargo Log&#237;stica (f.7) (*)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> 80,946</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> 92,541</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">R$</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">6.5</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2024</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Bank Credit Bill</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> 51,179</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> 50,692</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">R$ + DI</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2.0</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2022</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Financial institutions (d)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> 4,564</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">R$</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2022</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">FINEP</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> 326</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> 29,803</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">TJLP (3)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(1.5)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2022</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Notes - Ultrapar (g.1)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 0.5px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 0.5px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 0.5px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> 1,038,499</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">R$ + DI</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2021</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Total in Brazilian Reais</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> 7,347,651</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> 8,070,530</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Total foreign currency and Brazilian Reais</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> 16,180,466</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> 17,259,057</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Currency and interest rate hedging instruments (**)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom: 0.5px solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> 197,177</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; border-bottom-width: 0.5px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom: 0.5px solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> 117,159</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Total </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 2.8pt double #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> 16,377,643</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 2.8pt double #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> 17,376,216</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Current</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> 2,866,051</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> 3,255,944</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Non-current</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> 13,511,592</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> 14,120,272</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<table style="width: 100%; margin-left: 0.1px; height: 34px; font-family: 'times new roman'; font-size: 10pt;">

<tr style="height: 17px;">
<td style="width: 2%; height: 17px;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 8pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(*)</font></td>
<td style="width: 98%; height: 17px;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 8pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">These transactions were designated for hedge accounting (see Note 34.h).</font></td>
</tr>
<tr style="height: 17px;">
<td style="height: 17px;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 8pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(**)</font></td>
<td style="height: 17px;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 8pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Accumulated losses (see Note 34.i).</font></td>
</tr>

</table>
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<table style="width: 100%; margin-left: 0.1px; height: 85px; font-family: 'times new roman'; font-size: 10pt;">

<tr style="height: 17px;">
<td style="width: 2%; height: 17px;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 8pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -18.9333px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(1)</font></td>
<td style="width: 98%; height: 17px;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 8pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -18.9333px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">LIBOR = London Interbank Offered Rate.</font></td>
</tr>
<tr style="height: 17px;">
<td style="width: 2%; height: 17px;"><br></td>
<td style="width: 98%; height: 17px;"><br></td>
</tr>
<tr style="height: 17px;">
<td style="height: 17px; width: 2%;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 8pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -18.9333px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(2)</font></td>
<td style="height: 17px; width: 98%;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 8pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -18.9333px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">MX$ = Mexican Peso.</font></td>
</tr>
<tr style="height: 17px;">
<td style="width: 2%; height: 17px;"><br></td>
<td style="width: 98%; height: 17px;"><br></td>
</tr>
<tr style="height: 17px;">
<td style="height: 17px; width: 2%; vertical-align: top;" valign="top"><font style="color: #000000; font-family: 'times new roman', times; font-size: 8pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -18.9333px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(3)</font></td>
<td style="height: 17px; width: 98%;"><font style="font-size: 8pt;"><font style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -18.9333px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">TJLP (Long-term Interest Rate) = set by the National Monetary Council, TJLP is the basic financing cost of Banco&nbsp;</font>Nacional<font style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -18.9333px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">&nbsp;de&nbsp;</font>Desenvolvimento<font style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -18.9333px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">&nbsp;</font>Econ&#244;mico<font style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -18.9333px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">&nbsp;e Social (&#8220;BNDES&#8221;), the Brazilian Development Bank. On December 31, 2021, TJLP was fixed at 5.32&nbsp; % p.a.</font></font></td>
</tr>

</table>
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</div>
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>90</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<p style="margin: 0pt; text-align: justify;"><br></p>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; font-size: 5px;"><br></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; font-size: 5px;"><br></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;"><font style="font-style: italic;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
<p style="margin: 0pt; text-align: justify;"><br><font style="font-size: 10pt; font-family: 'times new roman', times;">The changes in loans, financing, debentures and hedge derivative financial instruments are shown below:</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 340px; width: 100%;" width="100%">

<tr style="height: 17px; background-color: #ffffff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #ffffff; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #ffffff; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Parent</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #ffffff; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #ffffff; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Consolidated</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 79%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Balance as of December 31, 2019</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,752,081</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 1%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">14,392,722</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">New loans and debentures with cash effect</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">994,996</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3,591,624</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Interest accrued</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">94,323</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">757,161</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Principal payment</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(2,795,002)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Interest payment</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(68,788)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(740,853)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Monetary and exchange rate variation</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,048,688</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Change in fair value</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">34,702</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Hedge result</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">87,174</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Balance as of December 31, 2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1px solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,772,612</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1px solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">17,376,216</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">New loans and debentures with cash effect</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,462,220</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Interest accrued</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">94,458</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">801,102</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Principal payment</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(1,000,000)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(2,922,214)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Interest payment</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(102,871)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(749,043)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Monetary and exchange rate variation</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">800,749</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Change in fair value</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(229,657)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Hedge result</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">80,018</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Reclassification to liabilities held for sale (i)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1px solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1px solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(241,748)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Balance as of December 31, 2021</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 2.8pt double #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,764,199</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 2.8pt double #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">16,377,643</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 8pt;">(i) For further information, see Note 3.c.1.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">The long-term consolidated debt had the following principal maturity schedule:</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 170px; width: 100%;" width="100%">

<tr style="height: 17px; background-color: #ffffff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #ffffff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #ffffff; border-bottom: 1pt solid #000000; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Parent</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #ffffff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #ffffff; border-bottom: 1pt solid #000000; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Consolidated</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1pt solid #000000; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">12/31/2021</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1pt solid #000000; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">12/31/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">12/31/2021</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">12/31/2020</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 57%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">From 1 to 2 years</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,724,866</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(750)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3,092,734</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,702,626</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">From 2 to 3 years</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,724,867</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">774,904</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3,091,641</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">From 3 to 4 years</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">270,401</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">784,778</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">From 4 to 5 years</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3,056,499</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">231,271</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">More than 5 years</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1px solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1px solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1px solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">6,317,054</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1px solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">7,309,956</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 2.8pt double #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,724,866</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 2.8pt double #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,724,117</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 2.8pt double #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">13,511,592</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 2.8pt double #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">14,120,272</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">The transaction costs and issuance premiums associated with debt issuance were added to their financial liabilities, as shown in Note 17.h.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">The Company&#8217;s management entered into hedging instruments against foreign exchange and interest rate variations for a portion of its debt obligations (see Note 34.h).</font></p>
</div>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>91</font></font></td>
</tr>

</table>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<p style="margin: 0cm 0cm 0.0001pt; color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', 'serif';"><font lang="PT-BR" style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; font-size: 5px;"><br></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; font-size: 5px;"><br></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;"><font style="font-style: italic;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><br></p>
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-style: italic; font-weight: bold;">b.</font><font style="font-style: italic; font-weight: bold;">&nbsp;</font><font style="font-style: italic; font-weight: bold;">&nbsp;</font><font style="font-style: italic; font-weight: bold;">Notes in the foreign market</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">On October 6, 2016 the subsidiary Ultrapar International S.A. (&#8220;Ultrapar International&#8221;) issued US$ 750,000 (equivalent to R$ 4,185,375 as of December 31, 2021) in notes in the foreign market, maturing in October 2026, with interest rate of 5.25% p.a., paid semiannually. The issue price was 98.097% of the face value of the note. The notes were guaranteed by the Company and its subsidiary IPP. The Company has designated hedge relationships for this transaction (see Notes 34.h.2 and 34.h.3).</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">On June 6, 2019 the subsidiary Ultrapar International issued US$ 500,000 (equivalent to R$ 2,790,250 as of December 31, 2021) in notes in the foreign market, maturing in June 2029, with interest rate of 5.25% p. a., paid semiannually. The issue price was 100% of the face value of the note. The notes were guaranteed by the Company and its subsidiary IPP. The Company has designated hedge relationships for part of this transaction (see Note 34.h.3).</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">On June 21, 2019, the subsidiary Ultrapar International repurchased US$ 200,000 (equivalent to R$ 1,116,100 as of December 31, 2021) in notes in the foreign market maturing in October 2026.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">On July 13, 2020 the subsidiary Ultrapar International made the reopening of notes in the foreign market issued in 2019, realizing new issuance in the amount of US$ 350,000 (equivalent to R$ 1,953,175 as of December 31, 2021) maturing in June 2029, to the coupon (interest) and yield of 5.25% per year, paid semiannually. The issue price was 99.994% of face value of the note. The notes were guaranteed by the Company and the subsidiary IPP.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">As a result of the issuance of the notes in the foreign market the Company and its subsidiaries are required to perform certain obligations, including:</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<ul type="disc" style="margin: 0pt; padding-left: 0pt;">
<li style="font-family: Symbol; font-size: 11pt; margin: 0pt 0pt 0pt 28.06pt; padding-left: 7.94pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Restriction on sale of all or substantially all assets of the Company and subsidiaries Ultrapar International and IPP;</font></li>
</ul>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<ul type="disc" style="margin: 0pt; padding-left: 0pt;">
<li style="font-family: Symbol; font-size: 11pt; margin: 0pt 0pt 0pt 28.06pt; padding-left: 7.94pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Restriction on encumbrance of assets exceeding US$ 150,000 (equivalent to R$ 837,075 as of December 31, 2021) or 15% of the amount of the consolidated tangible assets.</font></li>
</ul>
<p style="margin: 0pt; text-align: justify;"><font style="background-color: #ffffff; font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">The Company and its subsidiaries are in compliance with the levels of covenants required by this debt. The restrictions imposed on the Company and its subsidiaries are customary in transactions of this nature and have not limited their ability to conduct their business to date.</font></p>
</div>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>92</font></font></td>
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</table>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<p style="margin: 0cm 0cm 0.0001pt; color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', 'serif';"><font lang="PT-BR" style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; font-size: 5px;"><br></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; font-size: 5px;"><br></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;"><font style="font-style: italic;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-style: italic; font-weight: bold;"><br></font></font></p>
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-style: italic; font-weight: bold;">c. Foreign </font><font style="font-style: italic; font-weight: bold;">l</font><font style="font-style: italic; font-weight: bold;">oans</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-weight: bold;">c.1</font><font style="font-weight: bold;">.</font><font style="font-weight: bold;"> </font>The subsidiary IPP has foreign loans in the amount of US$ 175,000 (equivalent to R$ 976,588 as of December 31, 2021). IPP also contracted hedging instruments with floating interest rate in U.S. dollar and exchange rate variation, changing the foreign loans charges, on average, to 104.9% of DI. IPP designated these hedging instruments as a fair value hedge (see Note 34.h.1). Therefore, loans and hedging instruments are both measured at fair value from inception, with changes in fair value recognized through profit or loss. The foreign loans are secured by the Company.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">The foreign loans have the maturity distributed as follows:</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 100px; width: 100%;" width="100%">

<tr style="height: 17px; background-color: #ffffff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #ffffff; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Maturity</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #ffffff; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">US$</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #ffffff; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #ffffff; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">R$</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #ffffff; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #ffffff; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Cost in % of DI</font></p>
</td>
</tr>
<tr style="height: 22px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 68%; height: 22px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Charges <font style="vertical-align: super; font-size: 8pt;">(1)</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10%; height: 22px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">6,234</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1%; height: 22px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10%; height: 22px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">34,786</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1%; height: 22px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10%; height: 22px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Jun/2022</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">50,000</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">279,025</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">105.0</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Sep/2023</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">60,000</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">334,830</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">105.0</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Sep/2023</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 1px solid #000000; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">65,000</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 1px solid #000000; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">362,733</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 1px solid #000000; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">104.8</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Total / average cost</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">181,234</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,011,374</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">104.9</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="vertical-align: super;"> </font><font style="vertical-align: super; font-size: 7pt;">(1)</font><font style="font-size: 8pt;"> Includes interest, transaction costs and mark to market.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-style: italic; font-weight: bold;">d. Financial </font><font style="font-style: italic; font-weight: bold;">i</font><font style="font-style: italic; font-weight: bold;">nstitutions</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">In December 2021, the subsidiary Abastece A&#237; ended the year with a short-term liabilities in the amount of R$ 4,564.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">The subsidiary Oxiteno M&#233;xico S.A de C.V has contracted loan of US$ 20,000 with maturity in April 2022. The other maturities of this item are represented by Oxiteno Uruguay with maturities between October 2021 and July 2022 and by Oxiteno USA, which has already been fully settled on its maturity in September 2021. As of December 31, 2021 the balances of R$ 163,478 were reclassified to liabilities held for sale.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-style: italic; font-weight: bold;">e. </font><font style="font-style: italic; font-weight: bold;">Banco do Brasil</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">The subsidiary IPP has floating interest rate loans with Banco do Brasil in the amount of R$ 204,813 on December 31, 2021, of which R$ 1,646 in charges, intended for marketing, processing, or manufacturing of agricultural goods (ethanol) with maturity in May 2022.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</div>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>93</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0cm 0cm 0.0001pt; color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', 'serif';"><font lang="PT-BR"><br></font></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; font-size: 5px;"><br></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; font-size: 5px;"><br></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;"><font style="font-style: italic;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-style: italic; font-weight: bold;">f. </font><font style="font-style: italic; font-weight: bold;">Debentures</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-weight: bold;">f</font><font style="font-weight: bold;">.</font><font style="font-weight: bold;">1</font> In May 2016 the subsidiary IPP made its fourth issuance of public debentures, in one single series of 500 simple, nominative, registered debentures, nonconvertible into shares and unsecured, which main characteristics are as follows:</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin: 0px auto; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="vertical-align: top; width: 50%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Face value unit:</font></p>
</td>
<td style="vertical-align: top; width: 50%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">R$ 1,000,000.00</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="vertical-align: top;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Final maturity:</font></p>
</td>
<td style="vertical-align: top;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">May 25, 2021</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="vertical-align: top; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Payment of the face value:</font></p>
</td>
<td style="vertical-align: top; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Annual as from May 2019</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="vertical-align: top;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Interest:</font></p>
</td>
<td style="vertical-align: top;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">105.0% of DI</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="vertical-align: top; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Payment of interest:</font></p>
</td>
<td style="vertical-align: top; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Semiannually</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="vertical-align: top;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Reprice:</font></p>
</td>
<td style="vertical-align: top;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Not applicable</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Subsidiary IPP paid in advance its fourth public issuance of debentures upon maturity.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-weight: bold;">f</font><font style="font-weight: bold;">.</font><font style="font-weight: bold;">2</font> In April 2017 the subsidiary IPP carried out its fifth issuance of debentures, in two series, being one of 660,139 and another of 352,361, simple, nonconvertible into shares, nominative, book-entry and unsecured debentures. The debentures have been subscribed by Eco Consult &#8211; Consultoria de Opera&#231;&#245;es Financeiras Agropecu&#225;rias Ltda. The proceeds from this issuance were used exclusively for the purchase of ethanol by subsidiary IPP.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">The debentures were later assigned and transferred to Eco Securitizadora de Direitos Credit&#243;rios do Agroneg&#243;cio S.A. that acquired these agribusiness credit rights with the purpose to bind the issuance of Certificates of Agribusiness Receivables (CRA). The debentures have an additional guarantee from Ultrapar and the main characteristics of the debentures are as follows:</font></p>
<p style="margin: 0pt; text-align: justify;"><br></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin: 0px auto; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="vertical-align: top; width: 50%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Amount:</font></p>
</td>
<td style="vertical-align: top; width: 50%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">660,139</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="vertical-align: top;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Face value unit:</font></p>
</td>
<td style="vertical-align: top;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">R$ 1,000.00</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="vertical-align: top; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Final maturity:</font></p>
</td>
<td style="vertical-align: top; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">April 18, 2022</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="vertical-align: top;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Payment of the face value:</font></p>
</td>
<td style="vertical-align: top;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Lump sum at final maturity</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="vertical-align: top; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Interest:</font></p>
</td>
<td style="vertical-align: top; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">95.0% of DI</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="vertical-align: top;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Payment of interest:</font></p>
</td>
<td style="vertical-align: top;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Semiannually</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="vertical-align: top; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Reprice:</font></p>
</td>
<td style="vertical-align: top; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Not applicable</font></p>
</td>
</tr>

</table>
<p style="font-size: 11pt; line-height: 115%; margin: 2pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin: 0px auto; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="vertical-align: top; width: 50%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Amount:</font></p>
</td>
<td style="vertical-align: top; width: 50%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">352,361</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="vertical-align: top;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Face value unit:</font></p>
</td>
<td style="vertical-align: top;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">R$ 1,000.00</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="vertical-align: top; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Final maturity:</font></p>
</td>
<td style="vertical-align: top; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">April 15, 2024</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="vertical-align: top;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Payment of the face value:</font></p>
</td>
<td style="vertical-align: top;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Lump sum at final maturity</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="vertical-align: top; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Interest:</font></p>
</td>
<td style="vertical-align: top; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">IPCA + 4.68%</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="vertical-align: top;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Payment of interest:</font></p>
</td>
<td style="vertical-align: top;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Annually</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="vertical-align: top; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Reprice:</font></p>
</td>
<td style="vertical-align: top; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Not applicable</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">The subsidiary IPP contracted hedging instruments subjected to IPCA variation, changing the debentures charges linked to IPCA to 93.9% of DI. IPP designated these hedging instruments as fair value hedges; therefore, debentures and hedging instruments are both measured at fair value from inception, with changes in fair value recognized through profit or loss.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;">&nbsp;</font></p>
</div>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>94</font></font></td>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0pt; text-align: justify;"><br></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; font-size: 5px;"><br></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; font-size: 5px;"><br></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;"><font style="font-style: italic;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
<p style="margin: 0cm 0cm 0.0001pt; color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', 'serif';"><i><font lang="EN-US" style="font-size: 9pt;"><br></font></i></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-weight: bold;">f</font><font style="font-weight: bold;">.</font><font style="font-weight: bold;">3</font> In July 2017 the subsidiary IPP made its sixth issuance of public debentures, in one single series of 1,500,000 simple, nonconvertible into shares and unsecured debentures, which main characteristics are as follows:</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin: 0px auto; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="vertical-align: top; width: 50%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Face value unit:</font></p>
</td>
<td style="vertical-align: top; width: 50%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">R$ 1,000.00</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="vertical-align: top;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Final maturity:</font></p>
</td>
<td style="vertical-align: top;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">July 28, 2022</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="vertical-align: top; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Payment of the face value:</font></p>
</td>
<td style="vertical-align: top; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Annual as from July 2021</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="vertical-align: top;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Interest:</font></p>
</td>
<td style="vertical-align: top;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">105.0% of DI</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="vertical-align: top; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Payment of interest:</font></p>
</td>
<td style="vertical-align: top; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Annually</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="vertical-align: top;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Reprice:</font></p>
</td>
<td style="vertical-align: top;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Not applicable</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-weight: bold;">f</font><font style="font-weight: bold;">.</font><font style="font-weight: bold;">4</font> In October 2017 the subsidiary IPP carried out its seventh issuance of debentures in the amount of R$ 944,077, in two series, being on of 730,384 and another of 213,693, simple, nonconvertible into shares, nominative, book-entry and unsecured debentures. The debentures have been subscribed by Vert Companhia Securitizadora. The proceeds from this issuance were used exclusively for the purchase of ethanol by subsidiary IPP.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">The debentures were later assigned and transferred to Vert Cr&#233;ditos Ltda., that acquired these agribusiness credit rights with the purpose to bind the issuance of Certificates of Agribusiness Receivables (CRA). The financial settlement occurred on November 1, 2017. The debentures have an additional guarantee from Ultrapar and the main characteristics of the debentures are as follows:</font></p>
<p style="margin: 0pt; text-align: justify;"><br></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin: 0px auto; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="vertical-align: top; width: 50%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Amount:</font></p>
</td>
<td style="vertical-align: top; width: 50%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">730,384</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="vertical-align: top;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Face value unit:</font></p>
</td>
<td style="vertical-align: top;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">R$ 1,000.00</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="vertical-align: top; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Final maturity:</font></p>
</td>
<td style="vertical-align: top; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">October 24, 2022</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="vertical-align: top;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Payment of the face value:</font></p>
</td>
<td style="vertical-align: top;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Lump sum at final maturity</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="vertical-align: top; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Interest:</font></p>
</td>
<td style="vertical-align: top; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">95.0% of DI</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="vertical-align: top;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Payment of interest:</font></p>
</td>
<td style="vertical-align: top;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Semiannually</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="vertical-align: top; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Reprice:</font></p>
</td>
<td style="vertical-align: top; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Not applicable</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin: 0px auto; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="vertical-align: top; width: 212.6pt; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Amount:</font></p>
</td>
<td style="vertical-align: top; width: 212.6pt; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">213,693</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="vertical-align: top; width: 212.6pt;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Face value unit:</font></p>
</td>
<td style="vertical-align: top; width: 212.6pt;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">R$ 1,000.00</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="vertical-align: top; width: 212.6pt; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Final maturity:</font></p>
</td>
<td style="vertical-align: top; width: 212.6pt; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">October 24, 2024</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="vertical-align: top; width: 212.6pt;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Payment of the face value:</font></p>
</td>
<td style="vertical-align: top; width: 212.6pt;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Lump sum at final maturity</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="vertical-align: top; width: 212.6pt; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Interest:</font></p>
</td>
<td style="vertical-align: top; width: 212.6pt; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">IPCA + 4.34%</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="vertical-align: top; width: 212.6pt;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Payment of interest:</font></p>
</td>
<td style="vertical-align: top; width: 212.6pt;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Annually</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="vertical-align: top; width: 212.6pt; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Reprice:</font></p>
</td>
<td style="vertical-align: top; width: 212.6pt; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Not applicable</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">The subsidiary IPP contracted hedging instruments subjected to IPCA variation, changing the debentures charges linked to IPCA to 97.3% of DI. IPP designated these hedging instruments as fair value hedges; therefore, debentures and hedging instruments are both measured at fair value from inception, with changes in fair value recognized through profit or loss.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</div>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>95</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0pt; text-align: justify;"><br></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; font-size: 5px;"><br></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; font-size: 5px;"><br></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;"><font style="font-style: italic;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-weight: bold;">f</font><font style="font-weight: bold;">.</font><font style="font-weight: bold;">5</font> In March 2018 the Company made its sixth issuance of public debentures, in a single series of 1,725,000 simple, nonconvertible into shares and unsecured debentures, which main characteristics are as follows:</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin: 0px auto; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="vertical-align: top; background-color: #cceeff; width: 50%;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Face value unit:</font></p>
</td>
<td style="vertical-align: top; background-color: #cceeff; width: 50%;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">R$ 1,000.00</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="vertical-align: top;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Final maturity:</font></p>
</td>
<td style="vertical-align: top;">
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">March 5, 2023</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="vertical-align: top; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Payment of the face value:</font></p>
</td>
<td style="vertical-align: top; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Lump sum at final maturity</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="vertical-align: top;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Interest:</font></p>
</td>
<td style="vertical-align: top;">
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">105.25% of DI</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="vertical-align: top; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Payment of interest:</font></p>
</td>
<td style="vertical-align: top; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Semiannually</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="vertical-align: top;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Reprice:</font></p>
</td>
<td style="vertical-align: top;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Not applicable</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-weight: bold;">f</font><font style="font-weight: bold;">.6</font> In December 2018 the subsidiary IPP carried out its eighth issuance of debentures in the amount of R$ 900,000, in two series, being one of 660,000 and another of 240,000, simple, nonconvertible into shares, nominative, book-entry and unsecured debentures. The debentures have been subscribed by Vert Companhia Securitizadora. The proceeds from this issuance were used exclusively for the purchase of ethanol by subsidiary IPP. The debentures were subscribed with the purpose to bind the issuance of CRA. The financial settlement occurred on December 21, 2018. The debentures have an additional guarantee from Ultrapar and the main characteristics of the debentures are as follows:</font></p>
<p style="margin: 0pt; text-align: justify;"><br></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin: 0px auto; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="vertical-align: top; background-color: #cceeff; width: 50%;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Amount:</font></p>
</td>
<td style="vertical-align: top; background-color: #cceeff; width: 50%;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">660,000</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="vertical-align: top;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Face value unit:</font></p>
</td>
<td style="vertical-align: top;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">R$ 1,000.00</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="vertical-align: top; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Final maturity:</font></p>
</td>
<td style="vertical-align: top; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">December 18, 2023</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="vertical-align: top;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Payment of the face value:</font></p>
</td>
<td style="vertical-align: top;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Lump sum at final maturity</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="vertical-align: top; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Interest:</font></p>
</td>
<td style="vertical-align: top; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">97.5% of DI</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="vertical-align: top;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Payment of interest:</font></p>
</td>
<td style="vertical-align: top;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Semiannually</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="vertical-align: top; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Reprice:</font></p>
</td>
<td style="vertical-align: top; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Not applicable</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin: 0px auto; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="vertical-align: top; width: 212.6pt; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Amount:</font></p>
</td>
<td style="vertical-align: top; width: 212.6pt; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">240,000</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="vertical-align: top; width: 212.6pt;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Face value unit:</font></p>
</td>
<td style="vertical-align: top; width: 212.6pt;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">R$ 1,000.00</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="vertical-align: top; width: 212.6pt; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Final maturity:</font></p>
</td>
<td style="vertical-align: top; width: 212.6pt; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">December 15, 2025</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="vertical-align: top; width: 212.6pt;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Payment of the face value:</font></p>
</td>
<td style="vertical-align: top; width: 212.6pt;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Lump sum at final maturity</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="vertical-align: top; width: 212.6pt; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Interest:</font></p>
</td>
<td style="vertical-align: top; width: 212.6pt; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">IPCA + 4.61%</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="vertical-align: top; width: 212.6pt;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Payment of interest:</font></p>
</td>
<td style="vertical-align: top; width: 212.6pt;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Annually</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="vertical-align: top; width: 212.6pt; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Reprice:</font></p>
</td>
<td style="vertical-align: top; width: 212.6pt; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Not applicable</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">The subsidiary IPP contracted hedging instruments subjected to IPCA variation, changing the debentures charges linked to IPCA to 97.1% of DI. IPP designated these hedging instruments as fair value hedges; therefore, debentures and hedging instruments are both measured at fair value from inception, with changes in fair value recognized through profit or loss.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</div>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>96</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0pt; text-align: justify;"><br></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; font-size: 5px;"><br></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; font-size: 5px;"><br></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;"><font style="font-style: italic;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
<p style="margin: 0cm 0cm 0.0001pt; color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', 'serif';"><i><font lang="EN-US" style="font-size: 9pt;"><br></font></i></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-weight: bold;">f</font><font style="font-weight: bold;">.7</font> In November 2019 the subsidiary Ultracargo Log&#237;stica made its first issuance of debentures, in a single series of 90,000 simple, nonconvertible into shares and unsecured debentures, which main characteristics are as follows:</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin: 0px auto; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="vertical-align: top; background-color: #cceeff; width: 50%;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Face value unit:</font></p>
</td>
<td style="vertical-align: top; background-color: #cceeff; width: 50%;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">R$ 1,000.00</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="vertical-align: top;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Final maturity:</font></p>
</td>
<td style="vertical-align: top;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">November 19, 2024</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="vertical-align: top; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Payment of the face value:</font></p>
</td>
<td style="vertical-align: top; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Lump sum at final maturity</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="vertical-align: top;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Interest:</font></p>
</td>
<td style="vertical-align: top;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">6.47%</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="vertical-align: top; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Payment of interest:</font></p>
</td>
<td style="vertical-align: top; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Semiannually</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="vertical-align: top;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Reprice:</font></p>
</td>
<td style="vertical-align: top;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Not applicable</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">The subsidiary Ultracargo Log&#237;stica contracted hedging instruments subjected interest rate variation, changing the debentures fixed for 99.94% of the DI. Ultracargo Log&#237;stica designated these hedging instruments as fair value hedges therefore debentures and hedging instruments are both measured at fair value from inception, with changes in fair value recognized in profit or loss.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 2pt 5.65pt 0pt 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-weight: bold;">f.8</font> In March 2021 the subsidiary Tequimar Vila do Conde made its first issuance of debentures, in a single series of 360,000 simple, nonconvertible into shares and unsecured debentures, which main characteristics are as follows:</font></p>
<p style="margin: 2pt 0pt 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin: 0px auto; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="vertical-align: top; background-color: #cceeff; width: 50%;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Face value unit:</font></p>
</td>
<td style="vertical-align: top; background-color: #cceeff; width: 50%;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">R$ 1,000.00</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="vertical-align: top;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Final maturity:</font></p>
</td>
<td style="vertical-align: top;">
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">March 15, 2028</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="vertical-align: top; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Payment of the face value:</font></p>
</td>
<td style="vertical-align: top; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Lump sum at final maturity</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="vertical-align: top;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Interest:</font></p>
</td>
<td style="vertical-align: top;">
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">IPCA + 4.04%</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="vertical-align: top; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Payment of interest:</font></p>
</td>
<td style="vertical-align: top; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Semiannually</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="vertical-align: top;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Reprice:</font></p>
</td>
<td style="vertical-align: top;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Not applicable</font></p>
</td>
</tr>

</table>
<p style="margin: 2pt 0pt 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">The subsidiary Tequimar Vila do Conde contracted hedging instruments subjected interest rate variation changing the debentures fixed for 111.4% of the DI. Tequimar Vila do Conde designated these hedging instruments as fair value hedges therefore debentures and hedging instruments are both measured at fair value from inception with changes in fair value recognized in profit or loss.</font></p>
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt 5.65pt 0pt 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-weight: bold;">f.</font><font style="font-weight: bold;">9</font> In March 2021 the subsidiary Ultracargo Log&#237;stica made its second issuance of debentures, in a single series of 100,000 simple, nonconvertible into shares and unsecured debentures, which main characteristics are as follows:</font></p>
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin: 0px auto; font-family: 'times new roman'; font-size: 10pt; height: 102px; width: 100%;" width="100%">

<tr style="height: 17px; background-color: #cceeff;">
<td style="vertical-align: top; height: 17px; background-color: #cceeff; width: 50%;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Face value unit:</font></p>
</td>
<td style="vertical-align: top; height: 17px; background-color: #cceeff; width: 50%;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">R$ 1,000.00</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Final maturity:</font></p>
</td>
<td style="vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">March 15, 2028</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Payment of the face value:</font></p>
</td>
<td style="vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Lump sum at final maturity</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Interest:</font></p>
</td>
<td style="vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">IPCA + 4.37%</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Payment of interest:</font></p>
</td>
<td style="vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Semiannually</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Reprice:</font></p>
</td>
<td style="vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Not applicable</font></p>
</td>
</tr>

</table>
<p style="margin: 2pt 0pt 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">The subsidiary Ultracargo Log&#237;stica contracted hedging instruments subjected interest rate variation changing the debentures fixed for 111.4% of the DI. Ultracargo Log&#237;stica designated these hedging instruments as fair value hedges therefore debentures and hedging instruments are both measured at fair value from inception with changes in fair value recognized in profit or loss.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</div>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>97</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0pt; text-align: justify;"><br></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; font-size: 5px;"><br></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; font-size: 5px;"><br></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;"><font style="font-style: italic;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
<p style="margin: 0cm 0cm 0.0001pt; color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', 'serif';"><i><font lang="EN-US" style="font-size: 9pt;"><br></font></i></p>
<p style="margin: 2pt 0pt 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-weight: bold;">f.10</font> In September 2021, subsidiary IPP carried out its tenth issue of debentures in the total amount of R$ 960,000, in a single series of 960,000 simple, nonconvertible, registered, book-entry and unsecured debentures, privately placed by Vert Companhia Securitizadora. The funds were used exclusively for the purchase of ethanol by the subsidiary IPP. The debentures were subscribed for the purpose to bind the issuance of CRA. The financial settlement ocurred on September 16, 2021. The debentures have an additional guarantee from Ultrapar and the main characteristics are as follows:</font></p>
<p style="margin: 2pt 0pt 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin: 0px auto; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 11.35pt; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; background-color: #cceeff; width: 50%;">
<p style="margin: 2pt 0pt 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Amount:</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: middle; background-color: #cceeff; width: 50%;">
<p style="margin: 2pt 0pt 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><font style="font-size: 10pt; font-family: 'times new roman', times;">960,000</font></p>
</td>
</tr>
<tr style="height: 11.35pt;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top;">
<p style="margin: 2pt 0pt 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Face value unit:</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: middle;">
<p style="margin: 2pt 0pt 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt;">R$ 1,000.00</font></p>
</td>
</tr>
<tr style="height: 11.35pt; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Final maturity:</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt;">September 15, 2028</font></p>
</td>
</tr>
<tr style="height: 11.35pt;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top;">
<p style="margin: 2pt 0pt 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Payment of the face value:</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: middle;">
<p style="margin: 2pt 0pt 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Lump sum at final maturity</font></p>
</td>
</tr>
<tr style="height: 11.35pt; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Interest:</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><font style="font-size: 10pt; font-family: 'times new roman', times;">IPCA + 4.83%</font></p>
</td>
</tr>
<tr style="height: 11.35pt;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top;">
<p style="margin: 2pt 0pt 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Payment of interest:</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: middle;">
<p style="margin: 2pt 0pt 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Semiannually</font></p>
</td>
</tr>
<tr style="height: 11.35pt; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Reprice:</font></p>
</td>
<td style="padding: 0px 4px 0px 0px; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Not applicable</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">The subsidiary IPP contracted hedging instruments subjected to IPCA variation, changing the debentures charges linked to the IPCA to 102.75% of the DI. IPP designated these hedging instruments as fair value hedges; therefore, debentures and hedging instruments are both measured at fair value from inception, with changes in fair value recognized through profit or loss.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">The debentures have maturity dates distributed as shown below (includes accrued interest through December 31, 2021):</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 12.75pt; background-color: #ffffff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #ffffff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Maturity</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #ffffff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #ffffff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">12/31/2021</font></p>
</td>
</tr>
<tr style="height: 15.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 88%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Charges <font style="vertical-align: super; font-size: 8pt;">(1)</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 2%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(22,759)</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Apr/2022</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">660,139</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Jul/2022</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">750,000</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Oct/2022</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">730,384</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Mar/2023</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,725,000</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Dec/2023</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">660,000</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Apr/2024</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">443,944</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Oct/2024</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">267,316</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Nov/2024</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">90,000</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Dec/2025</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">287,294</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Mar/2028</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">498,474</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Sep/2028</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">996,977</font></p>
</td>
</tr>
<tr style="height: 13.5pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Total</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">7,086,769</font></p>
</td>
</tr>

</table>
<p style="margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="vertical-align: super;"> </font><font style="vertical-align: super; font-size: 7pt;">(1)</font> <font style="font-size: 8pt;">Includes interest, transaction cost and mark to market.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</div>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>98</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold;"><br></font></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; font-size: 5px;"><br></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; font-size: 5px;"><br></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;"><font style="font-style: italic;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold;"><br></font></p>
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold;">g. Notes</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-weight: bold;">g</font><font style="font-weight: bold;">.1 </font>In April 2020 the Company made its second public issuance of notes in a single series of 40 commercial notes, not convertible into shares, of unsecured type, whose main characteristics are:</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin: 0px auto; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; background-color: #cceeff; width: 50%;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Face value unit:</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; background-color: #cceeff; width: 50%;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">R$ 25,000,000.00</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Final maturity:</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">April 6, 2021</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Payment of the face value:</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Lump sum at final maturity</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Interest:</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">DI + 3.10%</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Payment of interest:</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Lump sum at final maturity</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Reprice:</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Not applicable</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">The Company paid in advance its second public issuance of notes on maturity.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold;">h. Transaction costs</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Transaction costs incurred in issuing debt were deducted from the value of the related financial instruments and are recognized as an expense according to the effective interest rate method as follows:</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin: 0px auto; font-family: 'times new roman'; font-size: 10pt; height: 142px; width: 100%;" width="100%">

<tr style="height: 56px; background-color: #ffffff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #ffffff; height: 56px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #ffffff; height: 56px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Effective rate of transaction costs (% p.a.)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #ffffff; height: 56px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #ffffff; height: 56px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Balance on 12/31/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #ffffff; height: 56px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #ffffff; height: 56px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Incurred cost</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #ffffff; height: 56px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #ffffff; height: 56px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Amortization</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #ffffff; height: 56px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #ffffff; height: 56px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Reclassification to liabilities held for sale (i)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #ffffff; height: 56px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #ffffff; height: 56px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Balance on 12/31/2021</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 35%; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Debentures (f)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">0.2</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1%; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">28,348</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1%; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">40,953</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1%; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(14,811)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1%; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1%; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">54,490</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Notes in the foreign market (b)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">0.1</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">37,112</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(4,890)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(4,204)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">28,018</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Notes (g)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,318</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(1,318)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Banco do Brasil (e)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">0.1</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">332</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(256)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">76</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Total</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">67,110</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">40,953</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(21,275)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(4,204)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">82,584</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 8pt;">(i) See Note 3.c.1.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 205px; width: 100%;" width="100%">

<tr style="height: 51px; background-color: #ffffff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #ffffff; height: 51px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #ffffff; height: 51px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Effective rate of transaction costs (% p.a.)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #ffffff; height: 51px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #ffffff; height: 51px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Balance on 12/31/2019</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #ffffff; height: 51px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #ffffff; height: 51px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Incurred cost</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #ffffff; height: 51px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #ffffff; height: 51px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Amortization</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #ffffff; height: 51px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #ffffff; height: 51px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Balance on 12/31/2020</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 46%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Debentures (f)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">0.2</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">41,406</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(13,058)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">28,348</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Notes in the foreign market (b)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">0.1</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">28,114</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">13,263</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(4,265)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">37,112</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Notes (g)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">0.5</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">6,802</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(5,484)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,318</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Banco do Brasil (e)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">0.1</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">770</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(438)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">332</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Foreign loans (c) </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">94</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(94)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Others</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,382</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(1,382)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Total</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">71,766</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">20,065</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(24,721)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">67,110</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</div>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>99</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0pt; text-align: justify;"><br></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; font-size: 5px;"><br></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; font-size: 5px;"><br></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;"><font style="font-style: italic;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
<p style="margin: 0cm 0cm 0.0001pt; color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', 'serif';"><i><font lang="EN-US" style="font-size: 9pt;"><br></font></i></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The amount to be appropriated to profit or loss in the future is as follows:</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; width: 100%;" width="100%">

<tr style="height: 29.25pt; background-color: #ffffff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #ffffff; width: 22.9167%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #ffffff; border-bottom: 1pt solid #000000; width: 9.68137%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Up to 1 year</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #ffffff; width: 1.47059%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #ffffff; border-bottom: 1pt solid #000000; width: 9.68137%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">1 to 2 years</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #ffffff; width: 1.59314%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #ffffff; border-bottom: 1pt solid #000000; width: 9.68137%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">2 to 3 years</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #ffffff; width: 1.47059%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #ffffff; border-bottom: 1pt solid #000000; width: 9.68137%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">3 to 4 years</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #ffffff; width: 1.59314%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #ffffff; border-bottom: 1pt solid #000000; width: 9.55882%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">4 to 5 years</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #ffffff; width: 1.59314%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #ffffff; border-bottom: 1pt solid #000000; width: 9.68137%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">More than 5 years</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #ffffff; width: 1.47059%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #ffffff; border-bottom: 1pt solid #000000; width: 9.80392%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Total</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 22.9167%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Debentures (f)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 9.68137%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">15,060</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1.47059%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 9.68137%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">11,129</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1.59314%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 9.68137%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">6,990</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1.47059%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 9.68137%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">6,075</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1.59314%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 9.55882%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">5,886</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1.59314%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 9.68137%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">9,350</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1.47059%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 9.80392%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">54,490</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 22.9167%;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Notes in the foreign market (b)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 9.68137%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">4,126</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 9.68137%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">4,128</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1.59314%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 9.68137%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">4,143</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 9.68137%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">4,135</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1.59314%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 9.55882%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3,897</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1.59314%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 9.68137%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">7,589</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 9.80392%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">28,018</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 22.9167%;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Banco do Brasil (e)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000; background-color: #cceeff; width: 9.68137%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">76</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000; background-color: #cceeff; width: 9.68137%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; width: 1.59314%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000; background-color: #cceeff; width: 9.68137%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000; background-color: #cceeff; width: 9.68137%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; width: 1.59314%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000; background-color: #cceeff; width: 9.55882%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; width: 1.59314%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000; background-color: #cceeff; width: 9.68137%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000; background-color: #cceeff; width: 9.80392%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">76</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 22.9167%;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Total</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; width: 9.68137%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">19,262</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 9.68137%; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">15,257</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1.59314%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 9.68137%; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">11,133</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 9.68137%; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">10,210</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1.59314%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 9.55882%; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">9,783</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1.59314%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 9.68137%; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">16,939</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 9.80392%; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">82,584</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold;">i. Guarantees</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">The financings does not have guaranteed by collateral as of December 31, 2021 (R$ 75,251 as of December 31, 2020) and has guarantees and promissory notes in the amount of R$ 14,151,506 as of December 31, 2021 (R$ 13,758,033 as of December 31, 2020).</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">The Company and its subsidiaries offer collateral in the form of letters of credit for commercial and legal proceedings in the amount of R$ 118,231 as of December 31, 2021 (R$ 129,139 as of December 31, 2020). </font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">The subsidiary IPP issue collateral to financial institutions in connection with the amounts owed by some of their customers to such institutions (vendor financing) as follows:</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 12.75pt; background-color: #ffffff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #ffffff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #ffffff; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">IPP</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">12/31/2021</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">12/31/2020</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 79%;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Maximum amount of future payments related to these collaterals</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">690,347</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 1%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">330,944</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Maturities of up to</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">49 months</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">46 months</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Fair value of collaterals</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">9,923</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">5,496</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">If the subsidiary IPP is required to make any payment under these collaterals, this subsidiary may recover the amount paid directly from its customers through commercial collection. Until December 31, 2021 the subsidiary IPP did not have losses in connection with these collaterals. The fair value of collaterals is recognized in current liabilities as &#8220;other payables&#8221;, which is recognized in the statement of profit or loss as customers settle their obligations with the financial institutions.</font></p>
<p style="font-size: 11pt; line-height: 115%; margin: 2pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</div>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>100</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<div>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0cm 0cm 0.0001pt; color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', 'serif';"><font lang="PT-BR"><br></font></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; font-size: 5px;"><br></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; font-size: 5px;"><br></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;"><font style="font-style: italic;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
<p style="margin: 0cm 0cm 0.0001pt; color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', 'serif';"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-weight: bold;"><br></font></font></p>
<p style="margin: 0cm 0cm 0.0001pt; color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', 'serif';"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-weight: bold;">18</font><font style="font-weight: bold;">. Trade </font><font style="font-weight: bold;">p</font><font style="font-weight: bold;">ayables</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold;">a. Trade payables</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 106px; width: 100%;" width="100%">

<tr style="height: 17px; background-color: #ffffff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #ffffff; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #ffffff; height: 17px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Parent</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #ffffff; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #ffffff; height: 17px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Consolidated</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">12/31/2021</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">12/31/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">12/31/2021</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">12/31/2020</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 57%; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Domestic suppliers</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 10%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">26,882</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 10%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">16,870</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 10%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3,010,912</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 10%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,306,398</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Domestic suppliers &#8211; related parties (see Note 9.a.2)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,422</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">5,102</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Foreign suppliers</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">445,805</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">307,486</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Foreign suppliers - related parties (see Note 9.a.2)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">212,756</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">126,033</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">26,882</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">16,870</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3,670,895</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,745,019</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Some Company&#8217;s subsidiaries acquire oil-based fuels and LPG from Petrobras and its subsidiaries. These suppliers control almost all the markets for these products in Brazil. </font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold;">b. Trade payables &#8211; reverse factoring</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 96px; width: 100%;" width="100%">

<tr style="height: 17px; background-color: #ffffff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #ffffff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #ffffff; border-bottom: 1px solid #000000; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Consolidated</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">12/31/2021</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">12/31/2020</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 79%; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Domestic suppliers &#8211; reverse factoring</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 10%; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,948,033</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 10%; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,021,424</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Domestic suppliers &#8211; reverse factoring - related parties (see Note 9.a.2)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">89,339</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">61,989</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Foreign suppliers &#8211; reverse factoring</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom: 1px solid #000000; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">81,687</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">212,220</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,119,059</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top: 1pt solid #000000; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,295,633</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Some subsidiaries of the Company entered into agreements with a financial institutions. These agreements consist in the anticipation of the receipt of trade payables by the supplier, in which the financial institutions prepay a certain amount from the supplier and receives, on the maturity date the amount payable by the subsidiaries of the Company. The decision to join this type of transaction is solely and exclusively of the supplier. The agreement does not substantially change the main characteristics of the commercial conditions previously established between the subsidiaries of the Company and the suppliers. These transactions are presented in operating activities in the statements of cash flow.</font></p>
<p style="margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<h1 style="margin: 0pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-weight: bold;">19. </font><font style="font-weight: bold;">Salaries and </font><font style="font-weight: bold;">r</font><font style="font-weight: bold;">elated </font><font style="font-weight: bold;">c</font><font style="font-weight: bold;">harges</font></font></h1>
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 11.35pt; background-color: #ffffff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #ffffff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #ffffff; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Parent</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #ffffff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #ffffff; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Consolidated</font></p>
</td>
</tr>
<tr style="height: 11.35pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">12/31/2021</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">12/31/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">12/31/2021</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">12/31/2020</font></p>
</td>
</tr>
<tr style="height: 11.35pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 57%;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Provisions on salaries</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 10%; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">9,671</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 1%; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 10%; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">7,886</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 1%; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 10%; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">136,938</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 1%; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 10%; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">195,286</font></p>
</td>
</tr>
<tr style="height: 11.35pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Profit sharing, bonus and premium</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">28,061</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">27,779</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">132,390</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">184,306</font></p>
</td>
</tr>
<tr style="height: 11.35pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Social charges</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">11,299</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">5,632</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">52,739</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">73,267</font></p>
</td>
</tr>
<tr style="height: 11.35pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Others</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">6,446</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,103</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">8,036</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">15,771</font></p>
</td>
</tr>
<tr style="height: 11.35pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">55,477</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">42,400</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">330,103</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">468,630</font></p>
</td>
</tr>

</table>
<p style="font-size: 11pt; line-height: 115%; margin: 2pt 0pt 10pt; text-align: justify;"><br></p>
</div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>101</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
</div><div style="font-family: 'times new roman', times; font-size: 10pt;">
<div>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; font-size: 5px;"><br></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; font-size: 5px;"><br></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;"><font style="font-style: italic;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
<h1 style="margin: 12pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold;">20. </font><font style="font-weight: bold;">Taxes </font><font style="font-weight: bold;">p</font><font style="font-weight: bold;">ayable</font></font><br></h1>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="height: 153px; border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Parent</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Consolidated</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">12/31/2021</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">12/31/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">12/31/2021</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">12/31/2020</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 44%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">ICMS</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 2%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 12%; background-color: #cceeff; border-bottom-width: 0.5px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 2%; background-color: #cceeff; border-bottom-width: 0.5px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 12%; background-color: #cceeff; border-bottom-width: 0.5px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 2%; background-color: #cceeff; border-bottom-width: 0.5px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 12%; background-color: #cceeff; border-bottom-width: 0.5px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">146,598</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 2%; background-color: #cceeff; border-bottom-width: 0.5px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 12%; background-color: #cceeff; border-bottom-width: 0.5px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">180,522</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">IPI</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 0.5px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 0.5px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 0.5px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 0.5px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 0.5px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">4,163</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 0.5px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 0.5px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">8,952</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">PIS and COFINS</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-bottom-width: 0.5px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">817</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-bottom-width: 0.5px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-bottom-width: 0.5px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">569</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-bottom-width: 0.5px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-bottom-width: 0.5px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">13,667</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-bottom-width: 0.5px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-bottom-width: 0.5px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">13,187</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">ISS</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 0.5px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">28</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 0.5px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 0.5px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">49</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 0.5px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 0.5px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">45,533</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 0.5px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 0.5px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">38,328</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Value-added tax (IVA) of foreign subsidiaries </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-bottom-width: 0.5px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-bottom-width: 0.5px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-bottom-width: 0.5px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-bottom-width: 0.5px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-bottom-width: 0.5px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-bottom-width: 0.5px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-bottom-width: 0.5px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">27,322</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Others</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">251</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">194</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">19,215</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">17,703</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,096</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">812</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">229,176</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">286,014</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold;">21. </font><font style="font-weight: bold;">Employee </font><font style="font-weight: bold;">b</font><font style="font-weight: bold;">enefits and </font><font style="font-weight: bold;">p</font><font style="font-weight: bold;">rivate </font><font style="font-weight: bold;">p</font><font style="font-weight: bold;">ension </font><font style="font-weight: bold;">p</font><font style="font-weight: bold;">lan</font><font style="font-weight: bold;"> </font><font style="font-weight: bold;">(Consolidated)</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-style: italic; font-weight: bold;">a. </font><font style="font-style: italic; font-weight: bold;">ULTRAPREV</font><font style="font-style: italic; font-weight: bold;"> </font><font style="font-style: italic; font-weight: bold;">- </font><font style="font-style: italic; font-weight: bold;">A</font><font style="font-style: italic; font-weight: bold;">ssocia&#231;&#259;o de </font><font style="font-style: italic; font-weight: bold;">P</font><font style="font-style: italic; font-weight: bold;">revid&#234;ncia </font><font style="font-style: italic; font-weight: bold;">C</font><font style="font-style: italic; font-weight: bold;">omplementar</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">In February 2001 the Company&#8217;s Board of Directors approved the adoption of a defined contribution pension plan to be sponsored by the Company and its subsidiaries. Participating employees have been contributing to this plan, managed by Ultraprev - Associa&#231;&#227;o de Previd&#234;ncia Complementar (&#8220;Ultraprev&#8221;), since August 2001. Under the terms of the plan, every year each participating employee chooses his or her basic contribution to the plan. Each sponsoring company provides a matching contribution in an amount equivalent to each basic contribution, up to a limit of 11% of the employee&#8217;s reference salary, according to the rules of the plan. As participating employees retire, they may choose to receive either (i) a monthly sum ranging between 0.3% and 1.0% of their respective accumulated fund in Ultraprev or (ii) a fixed monthly amount, which will exhaust their respective accumulated fund over a period of 5 to 35 years. The Company and its subsidiaries do not take responsibility for guaranteeing amounts or the duration of the benefits received by the retired employee. </font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">In May 2020 the Deliberative Council of Ultraprev approved the use of the reversion fund in the amount of R$ 47,088, and in May 2021 the additional use&nbsp; of R$ 3,706. The amount of R$ 27,451 was used to deduct the sponsors&#8217; normal contributions and the amount of R$ 3,512 was reclassified to assets held for sale. The balance of R$ 19,831 as of December 31, 2021 will be used to deduct normal sponsor contributions in a period up to 92 months depending on the sponsor. The number of months is estimated according to the current amount being deducted from contributions.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">In As of December 31, 2021, the subsidiaries contributed to Ultraprev with R$ 16,368, including the use of the reversion fund of R$ 10,566 (R$ 17,186 including the use of the reversion fund of R$ 7,446 as of December 31, 2020), which is recognized as expense in the income statement. The total number of participating employees as of December 31, 2021 was 4,381 active participants and 387 retired participants. In addition Ultraprev had 23 former employees receiving benefits under the rules of a previous plan whose reserves are fully constituted.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</div>
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><br></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>102</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-style: italic; font-weight: bold;"><br></font></font></p>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; font-size: 5px;"><br></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; font-size: 5px;"><br></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;"><font style="font-style: italic;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><br></p>
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-style: italic; font-weight: bold;">b. </font><font style="font-style: italic; font-weight: bold;">Post-employment </font><font style="font-style: italic; font-weight: bold;">b</font><font style="font-style: italic; font-weight: bold;">enefits</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The subsidiaries recognized a provision for post-employment benefits mainly related to seniority bonus, payment of Government Severance Indemnity Fund (&#8220;FGTS&#8221;), and health, dental care, and life insurance plan for eligible retirees.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The amounts related to such benefits were determined based on a valuation conducted by an independent actuary and reviewed by management as of December 31, 2021.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 161px;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 46.9338%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1px solid #000000; width: 26.0016%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Parent</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 1.96239%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1px solid #000000; width: 25.0204%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Consolidated</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 46.9338%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 11.9379%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">12/31/2021</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 2.04415%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 12.0196%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">12/31/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 1.96239%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 12.0196%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">12/31/2021</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 1.96239%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 11.0384%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">12/31/2020</font></p>
</td>
</tr>
<tr style="height: 22px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 46.9338%; height: 22px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Health and dental care plan<font style="vertical-align: super; font-size: 8pt;"> (1)</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 11.9379%; height: 22px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.04415%; height: 22px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 12.0196%; height: 22px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1.96239%; height: 22px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 12.0196%; height: 22px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">159,867</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1.96239%; height: 22px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 11.0384%; height: 22px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">200,318</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 46.9338%;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Indemnification of FGTS</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 11.9379%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,237</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 2.04415%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 12.0196%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,527</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 1.96239%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 12.0196%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">38,617</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 1.96239%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 11.0384%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">53,952</font></p>
</td>
</tr>
<tr style="height: 22px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 22px; width: 46.9338%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Seniority bonus <font style="vertical-align: super; font-size: 8pt;">(2)</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 22px; width: 11.9379%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 22px; width: 2.04415%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 22px; width: 12.0196%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 22px; width: 1.96239%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 22px; width: 12.0196%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">5,570</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 22px; width: 1.96239%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 22px; width: 11.0384%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">16,336</font></p>
</td>
</tr>
<tr style="height: 22px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 22px; width: 46.9338%;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Life insurance <font style="vertical-align: super; font-size: 8pt;">(1)</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 22px; border-bottom: 1px solid #000000; width: 11.9379%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 22px; width: 2.04415%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 22px; border-bottom: 1px solid #000000; width: 12.0196%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 22px; width: 1.96239%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 22px; border-bottom: 1px solid #000000; width: 12.0196%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">11,665</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 22px; width: 1.96239%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 22px; border-bottom: 1px solid #000000; width: 11.0384%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">14,118</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 46.9338%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Total</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom: 2.8pt double #000000; width: 11.9379%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,237</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 2.04415%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom: 2.8pt double #000000; width: 12.0196%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,527</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 1.96239%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom: 2.8pt double #000000; width: 12.0196%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">215,719</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 1.96239%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom: 2.8pt double #000000; width: 11.0384%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">284,724</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 46.9338%;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Current</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 11.9379%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">237</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 2.04415%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 12.0196%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 1.96239%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 12.0196%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">21,082</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 1.96239%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 11.0384%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">27,077</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 46.9338%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Non-current</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 11.9379%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,000</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 2.04415%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 12.0196%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,527</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 1.96239%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 12.0196%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">194,637</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 1.96239%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 11.0384%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">257,647</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<table style="width: 100%; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td style="width: 2%;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 8pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(1)</font></td>
<td style="width: 98%;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 8pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Only IPP, Tropical and Iconic.</font></td>
</tr>
<tr>
<td style="vertical-align: top;" valign="top"><font style="color: #000000; font-family: 'times new roman', times; font-size: 8pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(2)</font></td>
<td><font style="color: #000000; font-family: 'times new roman', times; font-size: 8pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">In 2021, there was a change in the seniority bonus policy for retirement, with a reduction in the benefit (Ultragaz and Ipiranga).</font></td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The change in the present value of the post-employment benefit obligation occurred as follows:</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="height: 146px; border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">12/31/2021</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">12/31/2020</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 68%;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Opening balance</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 15%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">284,724</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 2%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 15%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">272,867</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Expense for the year of continuing operations</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">15,585</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">11,622</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Expense (revenue) for the year of discontinued operations</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,951</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(6,411)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(Gain) Losses from changes in actuarial assumptions</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(58,954)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">24,822</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Benefits paid directly by Company and its subsidiaries</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(18,400)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(18,969)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Exchange rates from post employment benefits</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">217</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">793</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font><font style="font-family: 'times new roman', times; font-size: 10pt;">Reclassification to liabilities held for sale (i)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(10,404)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Ending balance</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 2.8pt double #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">215,719</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 2.8pt double #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">284,724</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 8pt;">(i) For further information see Note 3.c.1.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The total of expense in each year is presented below:</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 98px;" width="100%">

<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">12/31/2021</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">12/31/2020</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 68%; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 15%; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2%; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 15%; height: 17px; text-align: center;"><font style="font-weight: bold;">Restated</font></td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 68%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Health and dental care plan</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 15%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">15,265</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 2%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 15%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">11,127</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Indemnification of FGTS</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">4,409</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">6,199</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Seniority bonus</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(4,886)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(6,821)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Life insurance</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">797</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,117</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Total</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">15,585</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">11,622</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</div>
<p style="margin: 0pt; text-align: justify;"><br></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>103</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<p style="margin: 0pt; text-align: justify;"><br></p>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; font-size: 5px;"><br></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; font-size: 5px;"><br></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;"><font style="font-style: italic;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', 'serif';"><font lang="PT-BR">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The main actuarial assumptions used are:</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 119px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Economic factors</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">12/31/2021</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">12/31/2020</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">% p.a.</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">% p.a.</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 58%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Discount rate for the actuarial obligation at present value</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 20%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">8.93</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 2%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 20%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">8.22</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Average projected salary growth rate</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">7.07</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">7.07</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Inflation rate (long term)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3.25</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3.25</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Growth rate of medical services</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">7.38</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">7.38</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Demographic factors</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Mortality Table for the life insurance benefit &#8211; CSO-80</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Mortality Table for other benefits &#8211; AT 2000 Basic decreased by 10%</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Disabled Mortality Table &#8211; RRB 1983 and RRB-1944</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Disability Table &#8211; Weak light</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Sensitivity analysis</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The significant actuarial assumptions to determine the provision for post-employment benefits are: discount rate, wage and medical costs increases. The following sensitivity analyses on December 31, 2021, as shown below, were determined based on possible changes of assumptions occurring at the reporting date of the financial statements, keeping all other assumptions constant.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 61px; width: 100%;" width="100%">

<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Assumption</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Change in assumptions</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Decrease in liability</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Change in assumptions</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Increase in liability</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 37%; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Discount rate </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 15%; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">increase by 1.0 p.p.</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 2%; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 15%; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">24,196</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 2%; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 15%; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">decrease by 1.0 p.p.</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 2%; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 12%; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">24,293</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Wage growth rate</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">decrease by 1.0 p.p.</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3,002</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">increase by 1.0 p.p.</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,258</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Medical services growth rate </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">decrease by 1.0 p.p.</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">19,218</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">increase by 1.0 p.p.</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">23,522</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The sensitivity analyses presented may not represent the real change in the post-employment benefits obligation, since it is unlikely that changes occur in just one assumption alone, considering that some of these assumptions may be correlated.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Inherent risks related to post-employment benefits</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Interest rate risk: a long-term interest rate is used to calculate the present value of post-employment liabilities. A reduction in this interest rate will increase the corresponding liability.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Wage growth risk: the present value of the liability is calculated using as reference the wages of the plan participants, projected with the average nominal wage growth rate. An increase in the real wages of plan participants will increase the corresponding liability.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Medical costs growth risk: the present value of the liability is calculated using as reference the medical cost by age based on actual healthcare costs, projected based on the growth rate of medical services costs. An increase in the real medical costs will increase the corresponding liability.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</div>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>104</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', 'serif'; color: #000000;"><font lang="PT-BR" style="font-size: 10pt;"><br></font></p>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; font-size: 5px;"><br></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; font-size: 5px;"><br></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;"><font style="font-style: italic;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
<h1 style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold;">22. </font><font style="font-weight: bold;">Provision for </font><font style="font-weight: bold;">a</font><font style="font-weight: bold;">sset </font><font style="font-weight: bold;">r</font><font style="font-weight: bold;">etirement </font><font style="font-weight: bold;">o</font><font style="font-weight: bold;">bligation &#8211; </font><font style="font-weight: bold;">f</font><font style="font-weight: bold;">uel </font><font style="font-weight: bold;">t</font><font style="font-weight: bold;">anks (Consolidated)</font></font></h1>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The provision corresponds to the legal obligation to remove the subsidiary IPP&#8217;s underground fuel tanks located at by Ipiranga-branded service stations after a certain use period (see Note 2.o).</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Changes in the provision for asset retirement obligation are as follows:</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 221px;" width="100%">

<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 85%;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Balance as of December 31, 2019</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 15%; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">51,242</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Additions (new tanks)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">163</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Expenditure with tanks removed</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(4,306)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Accretion expense</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">6,336</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Balance as of December 31, 2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">53,435</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Additions (new tanks)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">451</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Expenditure with tanks removed</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(2,773)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Accretion expense</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">5,598</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Balance as of December 31, 2021</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">56,711</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Current</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">4,632</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Non-current</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">52,079</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</div>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>105</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', 'serif'; color: #000000;"><font lang="PT-BR" style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; font-size: 5px;"><br></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; font-size: 5px;"><br></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;"><font style="font-style: italic;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
<h1 style="margin: 0pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold;">23</font><font style="font-weight: bold;">. Provisions and contingencies (Consolidated)</font></font></h1>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-style: italic; font-weight: bold;">a. </font><font style="font-style: italic; font-weight: bold;">Provisions for tax, civil, and labor risks</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The Company and its subsidiaries are parties in tax, civil, environmental, regulatory, and labor disputes at the administrative and judiciary levels, which, when applicable, are backed by escrow deposits. Provisions for losses are estimated and updated by management based on the opinion of the Company&#8217;s legal department and its external legal advisors.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The table below demonstrates the breakdown of provisions by nature and its movement:</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin: 0px auto; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 163px;" width="100%">

<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Provisions</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Balance on 12/31/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Additions</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Reversals</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Payments</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Interest</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Reclassification to liabilities held for sale (i)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Balance on 12/31/2021</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 18%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">IRPJ and CSLL (a.1.1)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">547,862</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(6,966)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">11,276</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">552,172</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">ICMS (c) </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">108,568</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">58,839</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(83,536)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">284</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">84,155</font></p>
</td>
</tr>
<tr style="height: 34px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Civil, environmental and regulatory claims (a.2.1)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">57,772</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">87,066</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(9,702)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(8,116)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">724</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(18,983)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">108,761</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Labor litigation (a.3.1)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">90,675</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">42,826</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(4,432)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(17,068)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,620</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(19,161)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">95,460</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Others</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">93,168</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">63</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1px solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(1,457)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1px solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1px solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">704</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1px solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(841)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1px solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">91,637</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Total</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 2.8pt double #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">898,045</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 2.8pt double #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">188,794</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 2.8pt double #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(106,093)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 2.8pt double #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(25,184)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 2.8pt double #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">15,608</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 2.8pt double #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(38,985)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 2.8pt double #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">932,185</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Current</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">43,660</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">119,942</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Non-current</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">854,385</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">812,243</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 8pt;">(i) For further information see Note 3.c.1.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Some of the provisions above involve in whole or in part, escrow deposits.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Balances of escrow deposits are as follows:</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%;" width="100%">

<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">12/31/2021</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">12/31/2020</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 68%;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Tax matters</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 15%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">731,326</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 1%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 15%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">789,624</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Labor litigation</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">48,147</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">57,603</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Civil and others</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">91,788</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">102,569</font></p>
</td>
</tr>
<tr style="height: 13.5pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Total</font></p>
</td>
<td style="border-bottom: 1px double #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">871,261</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px double #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">949,796</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</div>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>106</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; font-size: 5px;"><br></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; font-size: 5px;"><br></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;"><font style="font-style: italic;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', 'serif';"><font lang="PT-BR">&nbsp;</font><br></p>
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold;">a.1 Provisions for tax matters</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">On October 7, 2005 the subsidiaries Cia. Ultragaz and Bahiana filed for and obtained a preliminary injunction to recognize and offset PIS and COFINS credits on LPG purchases, against other taxes levied by the RFB, notably IRPJ and CSLL. The decision was confirmed by a trial court on May 16, 2008. Under the preliminary injunction the subsidiaries made escrow deposits for these debits which amounted to R$ 534,830 as of December 31, 2021 (R$ 523,136 as of December 31, 2020). On July 18, 2014 a second instance unfavorable decision was published, and the subsidiaries suspended the escrow deposits, and started to pay income taxes from that date. To revert the court decision the subsidiaries presented a writ of prevention which was dismissed on December 30, 2014 and the subsidiaries appealed this decision on February 3, 2015. Appeals were also presented to the respective higher courts Superior Court of Justice (&#8220;STJ&#8221;) and Federal Supreme Court (&#8220;STF&#8221;) whose final trial are pending. At the STJ, the issue was subject to the system of Repetitive Appeals (Repetitive Issue No. 1093) and is awaiting judgment by the Superior Court.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-style: italic; font-weight: bold;">a.2 Provisions for </font><font style="font-style: italic; font-weight: bold;">c</font><font style="font-style: italic; font-weight: bold;">ivil, </font><font style="font-style: italic; font-weight: bold;">e</font><font style="font-style: italic; font-weight: bold;">nvironmental and </font><font style="font-style: italic; font-weight: bold;">r</font><font style="font-style: italic; font-weight: bold;">egulatory </font><font style="font-style: italic; font-weight: bold;">c</font><font style="font-style: italic; font-weight: bold;">laims</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold;">a.2.1</font> The Company and its subsidiaries maintain provisions for lawsuits and administrative proceedings, mainly derived from contracts entered into with customers and former services providers, as well as proceedings related to environmental and regulatory issues in the amount of R$ 108,761 as of December 31, 2021 (R$ 57,772 as of December 31, 2020). The increase seen during the year is due to the risk classification due to unfavorable decisions in several lawsuits received by the subsidiary Ipiranga.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold;">a.3 Provisions for labor matters</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold;">a.3.1</font> The Company and its subsidiaries maintain provisions of R$ 95,460 as of December 31, 2021 (R$ 90,675 as of December 31, 2020) for labor litigation filed by former employees and by employees of our service providers mainly contesting the non-payment of labor rights. The increase seen during the year is due to the risk classification due to unfavorable decisions in several lawsuits received by the subsidiary Ipiranga.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-style: italic; font-weight: bold;">b.</font><font style="font-style: italic; font-weight: bold;">&nbsp;</font><font style="font-style: italic; font-weight: bold;">Contingent </font><font style="font-style: italic; font-weight: bold;">l</font><font style="font-style: italic; font-weight: bold;">iabilities</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The Company and its subsidiaries are parties in tax, civil, environmental, regulatory, and labor claims whose loss is assessed as possible (proceedings whose chance of loss is more than 25% and less or equal than 50%) by the Company and its subsidiaries&#8217; legal departments, based on the opinion of its external legal advisors and, based on these assessments, these claims were not recognized in the financial statements. The estimated amount of this contingency is R$ 3,310,603 as of December 31, 2021 (R$ 3,236,982 as of December 31, 2020).</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-style: italic; font-weight: bold;">b.1 Contingent </font><font style="font-style: italic; font-weight: bold;">l</font><font style="font-style: italic; font-weight: bold;">iabilities for </font><font style="font-style: italic; font-weight: bold;">t</font><font style="font-style: italic; font-weight: bold;">ax </font><font style="font-style: italic; font-weight: bold;">m</font><font style="font-style: italic; font-weight: bold;">atters and </font><font style="font-style: italic; font-weight: bold;">s</font><font style="font-style: italic; font-weight: bold;">ocial </font><font style="font-style: italic; font-weight: bold;">s</font><font style="font-style: italic; font-weight: bold;">ecurity </font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The Company and its subsidiaries have contingent liabilities for tax matters and social security in the amount of R$ 2,292,465 as of December 31, 2021 (R$ 2,419,000 as of December 31, 2020), mainly represented by:</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold;">b.1.1</font> The subsidiary IPP and its subsidiaries have assessments invalidating the offset of excise tax (&#8220;IPI&#8221;) credits in connection with the purchase of raw materials used in the manufacturing of products which sales are not subject to IPI under the protection of tax immunity. The amount of this contingency is R$ 178,422 as of December 31, 2021 (R$ 176,390 as of December 31, 2020).</font></p>
</div>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>107</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; font-size: 5px;"><br></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; font-size: 5px;"><br></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;"><font style="font-style: italic;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', 'serif';"><font lang="PT-BR">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold;">b.1.2</font> The subsidiary IPP and its subsidiaries have legal proceedings related to ICMS. The total amount involved in these proceedings, was R$ 1,303,383 as of December 31, 2021 (R$ 958.134 as of December 31, 2020). Such proceedings arise mostly of the disregard of ICMS credits amounting to R$ 209,611 as of December 31, 2021 (R$ 300,707 as of December 31, 2020), of which R$ 15,532 (R$ 92,687 as of December 31, 2020) refer to proportional reversal requirement of ICMS credits related to the acquisition of hydrated alcohol; of alleged non-payment in the amount of R$ 106,590 as of December 31, 2021 (R$ 98,157 as of December 31, 2020); of conditioned fruition of fiscal incentive in the amount of R$ 174,039 as of December 31, 2021 (R$ 119,894 as of December 31, 2020); of inventory differences in the amount of R$ 295,163 as of December 31, 2021 (R$ 269,581 as of December 31, 2020); and of fiscal equilibrium fund required by States to fruition tax benefits in the amount of R$ 59,128 and a 2% surcharge on products considered non-essential (hydrated ethanol) in the amount of R$ 219,218.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold;">b.1.</font><font style="font-weight: bold;">3</font> The Company and its subsidiaries are parties to administrative and judicial suits involving Income Tax, Social Security Contribution, PIS and COFINS, substantially about denials of offset claims and credits disallowance which total amount is R$ 578,097 as of December 31, 2021 (R$ 709,338 as of December 31, 2020), mainly represented by:</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold;">b.1.</font><font style="font-weight: bold;">3</font><font style="font-weight: bold;">.1</font><font style="font-weight: bold;"> </font>The subsidiary IPP received a tax assessment related to the IRPJ and CSLL resulting from the supposedly undue amortization of the goodwill paid on acquisition of a subsidiary, in the amount of R$ 218,589 as of December 31, 2021 (R$ 212,350 as of December 31, 2020), which includes the amount of the income taxes, interest and penalty. </font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-style: italic; font-weight: bold;">b.2 Contingent </font><font style="font-style: italic; font-weight: bold;">l</font><font style="font-style: italic; font-weight: bold;">iabilities for </font><font style="font-style: italic; font-weight: bold;">c</font><font style="font-style: italic; font-weight: bold;">ivil, </font><font style="font-style: italic; font-weight: bold;">e</font><font style="font-style: italic; font-weight: bold;">nvironmental and </font><font style="font-style: italic; font-weight: bold;">r</font><font style="font-style: italic; font-weight: bold;">egulatory </font><font style="font-style: italic; font-weight: bold;">c</font><font style="font-style: italic; font-weight: bold;">laims </font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The Company and its subsidiaries have contingent liabilities for civil, environmental and regulatory claims in the amount of R$ 771,695 as of December 31, 2021 (R$ 561,713 as of December 31, 2020), mainly represented by:</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold;">b.2.1</font> The subsidiary Cia. Ultragaz is party to an administrative proceeding before CADE based on alleged anti-competitive practices in the State of Minas Gerais in 2001. The CADE entered a decision against Cia. Ultragaz and imposed a penalty of R$ 34,162 as of December 31, 2021 (R$ 33,895 as of December 31, 2020). The imposition of such administrative decision was suspended by a court order and its merit is being judicially reviewed.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold;">b.2.2</font><font style="font-style: italic; font-weight: bold;"> </font>The subsidiary Cia. Ultragaz has lawsuits totaling the amount of R$ 233,426 (R$ 186,381 on December 31, 2020) filed by resellers seeking the declaration of nullity and termination of distribution contracts, in addition to indemnities for losses and damages.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold;">b.2.3</font><font style="font-weight: bold;"> </font>The subsidiary IPP became party to an administrative proceeding filed by CADE, related to allegations of anti-competitive practices in the Distrito Federal which was established in June 2020, arising from a preliminary investigation started in 2009. IPP has already presented its defense and the proceeding is in the evidentiary stage. In 2019 and 2020, IPP received two fines in the amount of R$ 40,693 and R$ 8,187, for allegedly influencing uniform commercial conduct among fuel resellers around the city of Belo Horizonte, state of Minas Gerais and in Joinville, Santa Catarina. The IPP submitted both decisions to judicial review and in both cases decisions were issued suspending the enforceability of fines due to the judicial guarantees presented. External lawyers classify the likelihood of loss as remote in these cases.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</div>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>108</font></font></td>
</tr>

</table>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<p><br></p>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; font-size: 5px;"><br></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; font-size: 5px;"><br></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;"><font style="font-style: italic;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', 'serif';"><br></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold;">b.2.</font><font style="font-weight: bold;">4</font> On November 29, 2016 a technical opinion was issued by the Operational Support Center for Execution (Centro de Apoio Operacional &#224; Execu&#231;&#227;o &#8211; CAEX), a technical body linked to the S&#227;o Paulo State Public Prosecutor (&#8220;MPE&#8221;), presenting a proposal of compensation for the alleged environmental damages caused by the fire on April 2<font style="vertical-align: super;">nd</font>, 2015 at the Santos Terminal of the subsidiary Ultracargo Log&#237;stica. This technical opinion is non-binding, with no condemnatory or sanctioning nature, and will still be evaluated by the authorities and parties. The subsidiary disagrees with the methodology and the assumptions adopted in the proposal and is negotiating an agreement with the MPE and the Brazilian Federal Public Prosecutor (&#8220;MPF&#8221;), since the beginning of the investigation and currently there is no civil lawsuit filed on the matter. The negotiations relate to <font style="font-style: italic;">in natura</font> repair of the any damages. Thus, on May 15, 2019, the subsidiary Ultracargo Log&#237;stica signed a Partial Conduct Adjustment Commitment Agreement (&#8220;TAC&#8221;) in the amount of R$ 67,539 with the MPE and MPF to compensate for diffuse and collective damages of any kind arising from the fish mortality and the damage caused to the ichthyofauna. The negotiation on compensation for other alleged damages are still ongoing and once concluded, the payments related to the project costs may affect the future Company&#8217;s financial statements.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">In the criminal sphere, the MPF denounced the subsidiary Ultracargo Log&#237;stica, which was summoned and replied to the complaint on June 19, 2018. On September 12, 2019, at a hearing in the federal court of Santos, the MPF and Ultracargo Log&#237;stica agreed, and the judicial authority approved, the conditional suspension of the criminal proceedings for a period of 2 years, when Ultracargo Log&#237;stica shall then prove compliance with the execution of the Partial TAC signed, with the obligation of a complementary allocation of R$ 13,000 to TAC and the Fisheries Management Project, to obtain the definitive filing of the process. On February 4, 2021, the subsidiary paid the remaining balance referring to the TAC, without pending and/or additional financial obligation arising from such commitment assumed. In addition, as of December 31, 2021, there are contingent liabilities not recognized related to lawsuits in the amount of R$ 2,022 (R$ 4,428 as of December 31, 2020). Between December 31, 2020 and December 31, 2021, there were not extrajudicial claims.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-style: italic; font-weight: bold;">b.3 Contingent </font><font style="font-style: italic; font-weight: bold;">l</font><font style="font-style: italic; font-weight: bold;">iabilities for </font><font style="font-style: italic; font-weight: bold;">l</font><font style="font-style: italic; font-weight: bold;">abor </font><font style="font-style: italic; font-weight: bold;">m</font><font style="font-style: italic; font-weight: bold;">atters </font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The Company and its subsidiaries have contingent liabilities for labor matters in the amount of R$ 246,443 as of December 31, 2021 (R$ 256,269 as of December 31, 2020).</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-style: italic; font-weight: bold;">c.</font><font style="font-style: italic; font-weight: bold;">&nbsp;</font><font style="font-style: italic; font-weight: bold;">Lubricants operation between IPP and Chevron</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">In the process of transaction of the lubricants' operation in Brazil between Chevron and subsidiary IPP (see Note 4.c of Financial Statements filed on CVM February 20, 2019), it was agreed that each shareholder is responsible for any claims arising out of acts, facts or omissions that occurred prior to the transaction. The liability provisions of the Chevron shareholder in the amount of R$ 19,724 (R$ 101,663 as of December 31, 2020) are reflected in the consolidation of these financial statements. Additionally, in connection with the business combination, a provision in the amount of R$ 198,900 was recognized on December 1, 2017 due contingent liabilities, amounted to R$ 101,267 as of December 31, 2021 (R$ 102,777 as of December 31, 2020. The amounts of provisions of Chevron's liability recognized in the business combination will be reimbursed to subsidiary Iconic in the event of losses and an indemnity asset was hereby constituted in the same amount, without the need to establish a provision for uncollectible amounts.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Part of the provision of the Chevron related to the ICMS tax assessment (R$ 81,060), for the period from July 1996 to December 1997, was definitively extinguished through the payment</font></p>
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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>109</font></font></td>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; font-size: 5px;"><br></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; font-size: 5px;"><br></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;"><font style="font-style: italic;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
<p style="margin: 0pt; text-align: justify;"><br></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">made by the Chevron in the tax amnesty program, established by the Agreement ICMS/RJ No. 51/2020 (Decree/RJ No. 47,332/2020 and State Law of RJ No. 9,041/2020) on April 16, 2021.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The value of the provision of the Chevron in the amount of R$ 19,724, refers to: (i) R$ 17,231 ICMS assessments on sales for industrial purposes, in which the STF closed the judgment of the thesis unfavorably to taxpayers; (ii) R$ 2,207 labor claims and (iii) R$ 285 civil, regulatory and environmental claims.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold;">24</font><font style="font-weight: bold;">. </font><font style="font-weight: bold;">Deferred </font><font style="font-weight: bold;">r</font><font style="font-weight: bold;">evenue (Consolidated)</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The subsidiaries of the Company have recognized the following deferred revenue:</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">12/31/2021</font></p>
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">12/31/2020</font></p>
</td>
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 20px; background-color: #cceeff; width: 68%;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8216;am/pm&#8217; and Jet Oil franchising upfront fee (a)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 20px; background-color: #cceeff; width: 15%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">420</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 20px; background-color: #cceeff; width: 2%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 20px; background-color: #cceeff; width: 15%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">814</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Loyalty program &#8220;Km de Vantagens&#8221; (b)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">5,205</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">15,424</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Loyalty program &#8220;Clube Extrafarma&#8221; (b)</font></p>
</td>
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<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,044</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Total current</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">5,625</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">18,282</font></p>
</td>
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</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-style: italic; font-weight: bold;">a. </font><font style="font-style: italic; font-weight: bold;">Franchising </font><font style="font-style: italic; font-weight: bold;">u</font><font style="font-style: italic; font-weight: bold;">pfront </font><font style="font-style: italic; font-weight: bold;">f</font><font style="font-style: italic; font-weight: bold;">ee</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0cm; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif; color: #000000;"><font lang="EN-US" style="font-size: 10pt;">am/pm is the convenience stores chain of the Ipiranga service stations and on December 31, 2021 had 8 stores with initial deferred franchising upfront fee as the requirements for recognition in income have not yet been met (20 stores as of December 31, 2020). In 2021, 90 stores were opened in total (58 stores opened in 2020).</font></p>
<p style="margin: 0cm; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif; color: #000000;"><font lang="EN-US" style="font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0cm; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif; color: #000000;"><font lang="EN-US" style="font-size: 10pt;">Jet Oil is the network specialized in oil changes and automotive services at Ipiranga gas stations and as of December 31, 2021, it had 8 stores opened with initial deferred franchise upfront fee as the requirements for recognition in income have not yet been met (4 stores as of December 31, 2020). In 2021, 45 stores were opened in total (45 stores opened in 2020). </font></p>
<p style="margin: 0cm; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif; color: #000000;"><font lang="EN-US" style="font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0cm; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif; color: #000000;"><font lang="EN-US"><font style="font-size: 10pt;">For more information on the deferred income from the initial franchise fee see Note 2.a.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font><font style="font-size: 10pt;">&nbsp;</font></p>
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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>110</font></font></td>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; font-size: 5px;"><br></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; font-size: 5px;"><br></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;"><font style="font-style: italic;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', 'serif';"><font lang="PT-BR">&nbsp;</font><br></p>
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-style: italic; font-weight: bold;">b. </font><font style="font-style: italic; font-weight: bold;">Loyalty </font><font style="font-style: italic; font-weight: bold;">p</font><font style="font-style: italic; font-weight: bold;">rogram</font><font style="font-style: italic; font-weight: bold;">s</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The loyalty program called KM de Vantagens <font style="text-decoration: underline;">(www.kmdevantagens.com.br</font>) under which registered customers are rewarded with points when they buy products in several partners, including the Ipiranga&#8217;s service station, was transferred to Abastece a&#237; (www.abasteceai.com.br). The subsidiary IPP remains a partner in the program, offering cashback to its customers based on the limits negotiated under the terms of the partnership, where, after the customer meet the requirements for the right to the benefit, Abastece a&#237; immediately credits the amount to the customer's virtual wallet and charges IPP, which reimburses Abastece a&#237; and recognizes the same amount as reduction in sales. At the end of each year, the subsidiary IPP assesses the points available to its customers with the potential to become cashback in future years and recognizes such probability as deferred income.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Subsidiary Extrafarma has a loyalty program called Clube Extrafarma (<font style="text-decoration: underline;">www.club</font><font style="text-decoration: underline;">e</font><font style="text-decoration: underline;">extra</font><font style="text-decoration: underline;">farma</font><font style="text-decoration: underline;">.com.br</font>) under which registered customers are rewarded with points when they buy products at its drugstore chain. The customers may exchange these points, during the period of six months, for discounts in products at its drugstore chain, recharge credit on a mobile phone, and prizes offered by partners Multiplus Fidelidade and Ipiranga, through Km de Vantagens. Points received by Extrafarma&#8217;s customers are recognized as a reduction of revenue from sales and services. On December 31, 2021, the balance in the amount of R$ 927 was reclassified to a liability held for sale.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Deferred revenue is estimated based on the fair value of the points granted, considering the value of the prizes and the expected redemption of these points. For more information on deferred revenue from loyalty program, see Note 2.a.</font></p>
<p style="margin: 0pt; text-align: right;"><br></p>
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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
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<p><br></p>
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<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; font-size: 5px;"><br></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; font-size: 5px;"><br></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;"><font style="font-style: italic;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold;">25</font><font style="font-weight: bold;">.</font><font style="font-weight: bold;">&nbsp;</font><font style="font-weight: bold;">Subscription </font><font style="font-weight: bold;">w</font><font style="font-weight: bold;">arrants &#8211; </font><font style="font-weight: bold;">i</font><font style="font-weight: bold;">ndemnification</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Because of the association between the Company and Extrafarma on January 31, 2014, 7 subscription warrants &#8211; indemnification could be issued, corresponding to up to 6,411,244 shares of the Company. The subscription warrants &#8211; indemnification may be exercised beginning 2020 by the former shareholders of Extrafarma and are adjusted according to the changes in the amounts of provisions for tax, civil, and labor risks and contingent liabilities related to the period prior to January 31, 2014. The subscription warrants &#8211; indemnification&#8217;s fair value is measured based on the share price of Ultrapar (UGPA3) and is reduced by the dividend yield until 2020, since the exercise is possible only from 2020, and they are not entitled to dividends while they are not converted into shares.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">On February 19, 2020, August 12, 2020, February 24, 2021 and August 11, 2020, the Company&#8217;s Board of Directors confirmed, the issuance of, respectively, 2,108,542, 86,978, 70,939 and 31,032 common shares within the authorized capital limit provided by the art. 6 of the Bylaws, due to the partial exercise of the rights conferred by the subscription warrants issued by the Company when the merger of all Extrafarma shares by the Company, approved by the extraordinary general meeting of the Company held in January 31, 2014.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">In the association agreement between the Company and Extrafarma on January 31, 2014 and due to the unfavorable decisions of some processes with triggering events prior to January 31, 2014, 578,538 shares linked to the subscription warrants &#8211; indemnification were canceled and not issued. On December 31, 2021, 3,527,934 shares were retained linked to subscription warrants &#8211; indemnification which will be issued or canceled according as the final decision of the processes are favorable or unfavorable, respectively, being this the maximum number of shares that can be issued in the future, totaling R$ 51,296 (R$ 86,439 as of December 31, 2020).</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<h1 style="margin: 12pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold;">26. </font><font style="font-weight: bold;">Equity</font></font></h1>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-style: italic; font-weight: bold;">a. Share </font><font style="font-style: italic; font-weight: bold;">c</font><font style="font-style: italic; font-weight: bold;">apital</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">On December 31, 2021 the subscribed and paid-in capital stock consists of 1,115,107,683 (1,115,005,712 as of December 31, 2020) common shares with no par value and the issuance of preferred shares and participation certificates is prohibited.&nbsp;Each common share entitles its holder to one vote at Shareholders&#8217; Meetings.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The price of the outstanding shares as of December 31, 2021, on B3 was R$ 14.54 (R$ 23.74 as of December 31, 2020).</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">On February 19, 2020, August 12, 2020, February 24, 2021 and August 11, 2021, the Board of Directors confirmed the issuance of 2,108,542, 86,978, 70,939 and 31,032 common shares, respectively, with the same rights attributed to the other shares of the Company already issued, due to the partial exercise of the rights conferred by the subscription warrants &#8211; indemnification into shares by the Company in the merger of Extrafarma shares. For more information on the changes in share capital, see Note 25.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">As of December 31, 2021 there were 50,374,275 common shares outstanding abroad in the form of ADRs (47,413,094 shares as of December 31, 2020).</font></p>
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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
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<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; font-size: 5px;"><br></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; font-size: 5px;"><br></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;"><font style="font-style: italic;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-style: italic; font-weight: bold;">b.</font><font style="font-style: italic; font-weight: bold;">&nbsp;</font><font style="font-style: italic; font-weight: bold;">&nbsp;</font><font style="font-style: italic; font-weight: bold;">Equity instrument granted</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The Company has a share-based incentive plan, which establishes the general terms and conditions for the concession of common shares issued by the Company held in treasury (see Note 9.c).</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-style: italic; font-weight: bold;">c.</font><font style="font-style: italic; font-weight: bold;">&nbsp;</font><font style="font-style: italic; font-weight: bold;">&nbsp;</font><font style="font-style: italic; font-weight: bold;">Treasury </font><font style="font-style: italic; font-weight: bold;">s</font><font style="font-style: italic; font-weight: bold;">hares</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The Company acquired its own shares at market prices, without capital reduction, to be held in treasury and to be subsequently disposed of or cancelled, in accordance with CVM Instructions 10, issued on February 14, 1980 and 268, issued on November 13, 1997. </font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">As of December 31, 2021, 23,756,393 common shares (24,739,626 as of December 31, 2020) were held in the Company's treasury, acquired at an average cost of R$ 18.13.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-style: italic; font-weight: bold;">d.</font><font style="font-style: italic; font-weight: bold;">&nbsp;</font><font style="font-style: italic; font-weight: bold;">&nbsp;</font><font style="font-style: italic; font-weight: bold;">Capital </font><font style="font-style: italic; font-weight: bold;">r</font><font style="font-style: italic; font-weight: bold;">eserve </font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The capital reserve reflects the gain on the transfer of shares at market price used in the Deferred Stock Plan granted to executives of the subsidiaries of the Company, as mentioned in Note 9.c.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Because of Extrafarma&#8217;s association in 2014 the Company recognized an increase in the capital reserves in the amount of R$ 498,812, due to the difference between the value attributable to share capital and the market value of the Ultrapar shares on the date of issuance, deducted by R$ 2,260 related to the incurred costs directly attributable to issuing new shares. Additionally, on February 19, 2020, August 12, 2020, February 24, 2021 and August 11, 2021, there was an increase in the reserve in the amount of R$ 53,072, R$ 1,691, R$ 1,371 and R$ 448, respectively, due to the partial exercise of the subscription warrants &#8211; indemnification (see note 25).</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-style: italic; font-weight: bold;">e.</font><font style="font-style: italic; font-weight: bold;">&nbsp;</font><font style="font-style: italic; font-weight: bold;">&nbsp;</font><font style="font-style: italic; font-weight: bold;">Revaluation </font><font style="font-style: italic; font-weight: bold;">r</font><font style="font-style: italic; font-weight: bold;">eserve</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The revaluation reserve, recognized prior to the adoption of the international accounting standards (CPC / IFRS) instituted by Law 11,638/07, reflects the revaluation of assets of subsidiaries and is based on depreciation, write-off, or disposal of the revalued assets of the subsidiaries, as well as the tax effects recognized by these subsidiaries.</font></p>
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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; font-size: 5px;"><br></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; font-size: 5px;"><br></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;"><font style="font-style: italic;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
<p style="margin: 0pt; text-align: justify;"><br></p>
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-style: italic; font-weight: bold;">f.</font><font style="font-style: italic; font-weight: bold;">&nbsp;</font><font style="font-style: italic; font-weight: bold;">&nbsp;</font><font style="font-style: italic; font-weight: bold;">Profit </font><font style="font-style: italic; font-weight: bold;">r</font><font style="font-style: italic; font-weight: bold;">eserves</font></font></p>
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-style: italic; font-weight: bold;">f.1 </font><font style="font-style: italic; font-weight: bold;">Legal </font><font style="font-style: italic; font-weight: bold;">r</font><font style="font-style: italic; font-weight: bold;">eserve</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Under Brazilian Corporate Law, the Company is required to allocate 5% of net annual earnings to a legal reserve, until the balance reaches 20% of share capital. As of December 31, 2021, the legal reserve totaled R$ 791,083 (R$ 750,010 as of December 31, 2020). This reserve may be used to increase capital or to absorb losses but may not be distributed as dividends.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-style: italic; font-weight: bold;">f.</font><font style="font-style: italic; font-weight: bold;">2</font><font style="font-style: italic; font-weight: bold;"> </font><font style="font-style: italic; font-weight: bold;">Investments </font><font style="font-style: italic; font-weight: bold;">r</font><font style="font-style: italic; font-weight: bold;">eserve</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">In compliance with Article 194 of the Brazilian Corporate Law and Article 54.b) of the Bylaws this reserve is aimed to protect the integrity of the Company&#8217;s assets and to supplement its capital stock, in order to allow new investments to be made. As provided in its Bylaws, the Company may allocate up to 50% of the annual net income, after deducting the legal reserve, to the investments reserve, up to the limit of 100% of the share capital.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The investments reserve is free of distribution restrictions and totaled R$ 4,073,876 as of December 31, 2021 (R$ 3,658,265 as of December 31, 2020).</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-style: italic; font-weight: bold;">g.</font><font style="font-style: italic; font-weight: bold;">&nbsp;</font><font style="font-style: italic; font-weight: bold;">&nbsp;</font><font style="font-style: italic; font-weight: bold;">Other comprehensive income</font></font></p>
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-style: italic; font-weight: bold;">g.1 </font><font style="font-style: italic; font-weight: bold;">Valuation </font><font style="font-style: italic; font-weight: bold;">a</font><font style="font-style: italic; font-weight: bold;">djustments</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<table style="width: 100%; margin-left: 0.1px; height: 102px; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td style="width: 3%; vertical-align: top;" valign="top"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -28.4px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(i)</font></td>
<td style="width: 97%;"><font lang="PT-BR" style="font-size: 11.0pt; font-family: 'Times New Roman','serif'; mso-fareast-font-family: Calibri; mso-ansi-language: PT-BR; mso-fareast-language: EN-US; mso-bidi-language: AR-SA; mso-no-proof: yes;">Gains and losses on the hedging instruments of exchange rate related to firm commitment and highly probable transactions designated as cash flows hedges are recognized in equity as &#8220;valuation adjustments&#8221;. Gains and losses are reclassified to initial cost of non-financial assets recognized in statements of profit or loss at the moment of paid off of the hedge instrument.</font></td>
</tr>
<tr style="height: 34px;">
<td style="height: 34px; width: 3%; vertical-align: top;" valign="top"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -28.4px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(ii)</font></td>
<td style="height: 34px; width: 97%;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -28.4px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">The differences between the fair value of financial investments measured at fair value through other comprehensive income and the initial amount of financial investments plus the earned income and the foreign currency exchange variation are recognized in equity as valuation adjustments. Gains and losses are reclassified to statements of profit or loss when the financial investment is paid off.</font></td>
</tr>
<tr style="height: 17px;">
<td style="height: 17px; width: 3%; vertical-align: top;" valign="top"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -28.4px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(iii)</font><font style="color: #000000; font: 13.3333px 'times new roman', times; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -28.4px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">&nbsp;</font></td>
<td style="height: 17px; width: 97%;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -28.4px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Actuarial gains and losses relating to post-employment benefits, calculated based on a valuation conducted by an independent actuary, are recognized in equity under the title &#8220;valuation adjustments&#8221;. Actuarial gains and losses recorded in equity are not reclassified to profit or loss in subsequent periods.</font></td>
</tr>
<tr style="height: 17px;">
<td style="height: 17px; width: 3%; vertical-align: top;" valign="top"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -28.4px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(iv)</font></td>
<td style="height: 17px; width: 97%;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -28.4px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">The Company also recognizes in this item the effect of changes in the non-controlling interest in subsidiaries that do not result in loss of control. This amount corresponds to the difference between the amount by which the non-controlling interest was adjusted and the fair value of the consideration received or paid and represents a transaction with shareholders.</font></td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><br></p>
<p style="margin: 0pt; text-align: justify;"><br></p>
</div>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>114</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; font-size: 5px;"><br></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; font-size: 5px;"><br></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;"><font style="font-style: italic;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Balance and changes in valuation adjustments of the Company are as follows:</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 208px; width: 100%;" width="100%">

<tr style="height: 55px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 55px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 55px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Fair value of cash flow hedging instruments (i)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 55px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 55px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Fair value of financial instruments (ii)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 55px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 55px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Actuarial (loss) gain of post-employment benefits (iii)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 55px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 55px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Non-controlling shareholders interest change (iv)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 55px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 55px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Total</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 27%; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Balance as of December 31, 2019</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 13%; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(296,132)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2%; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 13%; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">205</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2%; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 13%; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(47,759)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2%; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 13%; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">197,369</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2%; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 13%; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(146,317)</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Changes in fair value of financial instruments</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(477,570)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">64</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(477,506)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">IRPJ and CSLL on fair value</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">164,425</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">164,425</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Actuarial loss of post-employment benefits</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(7,725)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(7,725)</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Income and social contribution taxes on actuarial losses</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,133</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,133</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Balance as of December 31, 2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(609,277)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">269</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(53,351)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">197,369</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(464,990)</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Changes in fair value of financial instruments</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">12,036</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(672)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">11,364</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">IRPJ and CSLL on fair value</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(4,060)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(4,060)</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Actuarial gain of post-employment benefits of subsidiaries, net</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">49,550</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">49,550</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">IRPJ and CSLL on actuarial gains</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(14,002)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(14,002)</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Balance as of December 31, 2021</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(601,301)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(403)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(17,803)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">197,369</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(422,138)</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-style: italic; font-weight: bold;">g.2 </font><font style="font-style: italic; font-weight: bold;">Cumulative </font><font style="font-style: italic; font-weight: bold;">t</font><font style="font-style: italic; font-weight: bold;">ranslation </font><font style="font-style: italic; font-weight: bold;">a</font><font style="font-style: italic; font-weight: bold;">djustments</font><font style="font-style: italic; font-weight: bold;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The change in exchange rates on assets, liabilities, and income of foreign subsidiaries that have functional currency other than the presentation currency of the Company and an independent management (see Note 2.t.1) and the exchange rate variation on notes in the foreign market, net of income taxes (see Note 34.h.3) is directly recognized in the equity. This cumulative effect is reflected in profit or loss as a gain or loss only in case of disposal or write-off of the investment.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Balance and changes in cumulative translation adjustments of the Company are as follows:</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 89px;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">12/31/2021</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">12/31/2020</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px; width: 68%;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Initial balance</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 15%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">231,596</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 2%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 15%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">102,427</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Currency translation adjustment of foreign subsidiaries</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">97,113</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">202,277</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Effect of foreign currency exchange rate variation on financial instruments</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(36,461)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(110,770)</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">IRPJ and CSLL on foreign currency exchange rate variation on financial instruments</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">12,397</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">37,662</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Final balance</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">304,645</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">231,596</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</div>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>115</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; font-size: 5px;"><br></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; font-size: 5px;"><br></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;"><font style="font-style: italic;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-style: italic; font-weight: bold;"><br></font></font></p>
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-style: italic; font-weight: bold;">h.</font><font style="font-style: italic; font-weight: bold;">&nbsp;</font><font style="font-style: italic; font-weight: bold;">&nbsp;</font><font style="font-style: italic; font-weight: bold;">Dividends and </font><font style="font-style: italic; font-weight: bold;">a</font><font style="font-style: italic; font-weight: bold;">llocation of </font><font style="font-style: italic; font-weight: bold;">n</font><font style="font-style: italic; font-weight: bold;">et </font><font style="font-style: italic; font-weight: bold;">i</font><font style="font-style: italic; font-weight: bold;">ncome</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The shareholders of the Company are entitled under the Bylaws to a minimum annual dividend of 50% of adjusted net income, after allocation of 5% to the legal reserve, calculated in accordance with Brazilian Corporate Law. The dividends and interest on equity in excess of the obligation established in the Bylaws are recognized in equity until the Shareholders approve them. The proposed dividends payable that refers of the exercise of 2020, the amount of which on as of December 31, 2020 totaled R$ 479,748 (R$ 0.44 &#8211; forty-four cents of Brazilian Real per share), were approved by the Board of Directors on February 24, 2021, and were paid from March 12, 2021. On August 11, 2021, the interim dividends were approved in the amount of R$ 218,074 (R$ 0.20 &#8211; twenty cents per share), paid on August, 2021.The proposed dividends payable that refers of the exercise of 2021, the amount of which on as of December 31, 2021 totaled R$ 185,896 (R$ 0,17 &#8211; seventeen cents of Brazilian Real per share), were approved by the Board of Directors on February 22, 2022, and will be paid from March 11, 2022 onwards.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The management proposal for the allocation of net income for 2021 and for distribution of dividends is as follow:</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 289px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">12/31/2021</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 85%;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; text-decoration: underline;">Allocation of net income </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 15%;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Net income for the year attributable to</font> shareholders<font style="font-family: 'times new roman', times; font-size: 10pt;"> of Ultrapar</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">850,463</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Legal reserve (5% of the net income)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1px solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">42,523</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Adjusted net income (basis for dividends)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">807,940</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Minimum mandatory dividends for the year (50% of the adjusted net income)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">403,970</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Total of distribution</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">403,970</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Interim dividends (R$ 0.20 per share of the Company)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1px solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(218,074)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Balance of proposed dividends (R$ 0.17 per share)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">185,896</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; text-decoration: underline;">Allocation of dividends</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Minimum mandatory dividends for the year (50% of the adjusted net income)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">185,896</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Balance of proposed dividends (R$ 0.17 per share)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">185,896</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; text-decoration: underline;">Allocation of net income </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Legal reserve (5% of the net income)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">42,523</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Minimum mandatory dividends for the year (50% of the adjusted net income)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">403,970</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Statutory reserve</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1px solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">403,970</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Total distribution of net income for the year attributable to shareholders of Ultrapar</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;">850,4<font style="font-family: 'times new roman', times; font-size: 10pt;">63</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</div>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>116</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; font-size: 5px;"><br></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; font-size: 5px;"><br></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;"><font style="font-style: italic;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Balances and changes in dividends payable are as follows:</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 153px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Parent</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Consolidated</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 68%;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Balance as of December 31, 2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 15%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">439,094</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 2%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 15%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">442,133</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Provisions</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">459,363</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">478,366</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Prescribed dividends</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(10,487)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(11,816)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Payments</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(694,406)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(705,753)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Reclassification to liabilities of subsidiaries held for sale</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1px solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1px solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(70)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Balance as of December 31, 2021</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 2.8pt double #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">193,564</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 2.8pt double #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">202,860</font></p>
</td>
</tr>

</table>
<p style="font-size: 11pt; line-height: 115%; margin: 2pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<h1 style="margin: 12pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold;">27</font><font style="font-weight: bold;">. </font><font style="font-weight: bold;">Net </font><font style="font-weight: bold;">r</font><font style="font-weight: bold;">evenue from </font><font style="font-weight: bold;">s</font><font style="font-weight: bold;">ale and </font><font style="font-weight: bold;">s</font><font style="font-weight: bold;">ervices (Consolidated)</font></font></h1>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 188px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">12/31/2021</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">12/31/2020</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: middle; text-align: center;" valign="middle"><font style="color: #000000; font-family: 'times new roman', times; font-size: 10.6667px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Restated(i)</font></td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Gross revenue from sale:</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 68%;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Merchandise</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 15%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">113,679,771</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 2%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 15%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">78,571,971</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Gross revenue from services</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">997,114</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">884,570</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Discounts and sales returns</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(1,351,464)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(1,812,144)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Amortization of contractual assets with customers (see Note 12)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(282,521)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(289,436)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Deferred revenue</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">10,614</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">9,814</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">113,053,514</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">77,364,775</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Sales taxes</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(3,320,672)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(3,306,719)</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Net revenue</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">109,732,842</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">74,058,056</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 8pt;">(i) For further details, see Note 3.c.3.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</div>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>117</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</div>
</div><div style="font-family: 'times new roman', times; font-size: 10pt;">
<div>
<div style="width: 8.5in; margin: 0 auto;">
<p style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; margin: 0pt 0px; background-color: #ffffff; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultrapar&nbsp;Participa&#231;&#245;es&nbsp;S.A. and Subsidiaries</font></p>
<p style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; margin: 0pt 0px; background-color: #ffffff; text-align: justify; font-size: 5pt;"><font style="font-family: 'Times New Roman';">&nbsp;</font></p>
<p style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; margin: 0pt 0px; background-color: #ffffff; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Notes to the Parent</font><font style="font-family: 'Times New Roman';">&#8217;s Separate</font><font style="font-family: 'Times New Roman';">&nbsp;and Consolidated&nbsp;</font><font style="font-family: 'Times New Roman';">Financial&nbsp;</font><font style="font-family: 'Times New Roman';">statements</font></font></p>
<p style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; margin: 0pt 0px; background-color: #ffffff; text-align: justify; font-size: 5pt;"><font style="font-family: 'Times New Roman';">&nbsp;</font></p>
<p style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; margin: 0pt 0px; background-color: #ffffff; text-align: justify; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-size: 10pt;">(In thousands of Brazilian&nbsp;Reais, unless otherwise stated)</font></p>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff; text-align: justify; line-height: 1.1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;"><br></font></p>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff; text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">28. Costs and e</font><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">xpenses by </font><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">n</font><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">ature</font></p>
<p style="margin: 0pt; text-align: justify;"><br></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The Company presents its </font><font style="font-family: 'Times New Roman';">costs and </font><font style="font-family: 'Times New Roman';">expenses by function in the consolidated statement </font><font style="font-family: 'Times New Roman';">of profit or loss </font><font style="font-family: 'Times New Roman';">and presents below its expenses by nature:</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 11pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 302px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 1px solid #000000; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Parent</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 1px solid #000000; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Consolidated</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 57%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10%; border-top: 0.5pt solid #000000 !important; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2021</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1%; border-top: 0.5pt solid #000000 !important; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10%; border-top: 0.5pt solid #000000 !important; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10%; border-top: 0.5pt solid #000000 !important; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2021</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1%; border-top: 0.5pt solid #000000 !important; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10%; border-top: 0.5pt solid #000000 !important; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2020</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Restated</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Raw materials and materials for use and consumption</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">104,233,143</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">68,851,960</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Personnel expenses</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">175,933</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">153,338</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,575,066</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,414,567</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Freight and storage</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">899,188</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,073,971</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Depreciation and amortization</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">11,936</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,775</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">653,118</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">595,531</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Amortization of right-of-use assets</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">6,093</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,690</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">260,716</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">242,670</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Advertising and marketing</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">16</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">312</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">106,352</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">143,694</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Services provided by third parties</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">104,039</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">40,030</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">399,904</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">184,532</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Other expenses</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">21,296</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">19,885</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">101,819</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">139,379</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Allocation of SSC/Holding expenses</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(294,386)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(221,030)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Total</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">24,927</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">108,229,306</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">72,646,304</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Classified as:</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Cost of products and services sold</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">104,827,966</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">70,056,447</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Selling and marketing</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,934,789</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,595,871</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">General and administrative</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">24,927</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,466,551</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">993,986</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Total</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">24,927</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">108,229,306</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">72,646,304</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><br></p>
<h1 style="margin: 12pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">29. </font><font style="font-family: 'Times New Roman'; font-weight: bold;">Gain (loss) on </font><font style="font-family: 'Times New Roman'; font-weight: bold;">d</font><font style="font-family: 'Times New Roman'; font-weight: bold;">isposal of </font><font style="font-family: 'Times New Roman'; font-weight: bold;">PP&amp;E</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> and </font><font style="font-family: 'Times New Roman'; font-weight: bold;">i</font><font style="font-family: 'Times New Roman'; font-weight: bold;">ntangibles</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> </font><font style="font-family: 'Times New Roman'; font-weight: bold;">(Consolidated)</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> </font></font></h1>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The </font><font style="font-family: 'Times New Roman';">gain or loss </font><font style="font-family: 'Times New Roman';">is determined as the difference between the selling price and residual book value of the investment, </font><font style="font-family: 'Times New Roman';">PP&amp;E</font><font style="font-family: 'Times New Roman';">, </font><font style="font-family: 'Times New Roman';">and</font><font style="font-family: 'Times New Roman';"> intangible asset. </font><font style="font-family: 'Times New Roman';">In</font><font style="font-family: 'Times New Roman';"> 2021 </font><font style="font-family: 'Times New Roman';">the </font><font style="font-family: 'Times New Roman';">gain</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">was R$</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">184,189</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">(gain of R$ </font><font style="font-family: 'Times New Roman';">85</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">455</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">in</font><font style="font-family: 'Times New Roman';"> 2020</font><font style="font-family: 'Times New Roman';"> &#8211; restated</font><font style="font-family: 'Times New Roman';">), represented primarily from </font><font style="font-family: 'Times New Roman';">sale </font><font style="font-family: 'Times New Roman';">of Conectcar and </font><font style="font-family: 'Times New Roman';">o</font><font style="font-family: 'Times New Roman';">f PP&amp;E.</font></font></p>
</div>
<p style="margin: 0pt; text-align: justify;"><br></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>118</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"><br></font></p>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0pt 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultrapar&nbsp;Participa&#231;&#245;es&nbsp;S.A. and Subsidiaries</font></p>
<p style="margin: 0pt 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; text-align: justify; font-size: 5pt;"><font style="font-family: 'Times New Roman';">&nbsp;</font></p>
<p style="margin: 0pt 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Notes to the Parent</font><font style="font-family: 'Times New Roman';">&#8217;s Separate</font><font style="font-family: 'Times New Roman';">&nbsp;and Consolidated&nbsp;</font><font style="font-family: 'Times New Roman';">Financial&nbsp;</font><font style="font-family: 'Times New Roman';">statements</font></font></p>
<p style="margin: 0pt 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; text-align: justify; font-size: 5pt;"><font style="font-family: 'Times New Roman';">&nbsp;</font></p>
<p style="margin: 0pt 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; text-align: justify; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-size: 10pt;">(In thousands of Brazilian&nbsp;Reais, unless otherwise stated)</font></p>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic;"><br></font></p>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff; text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">3</font><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">0</font><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">. </font><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Other </font><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">o</font><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">perating </font><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">i</font><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">ncome, </font><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">n</font><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">et (Consolidated)</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%;" width="100%">

<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2021</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2020</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Restated</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 75%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Other operating income, net:</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 12%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 12%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Commercial partnerships </font><font style="font-family: 'Times New Roman'; font-size: 6.67pt; vertical-align: super;">(1)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">25,511</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">19,469</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Merchandising </font><font style="font-family: 'Times New Roman'; font-size: 6.67pt; vertical-align: super;">(2)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">33,144</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">25,703</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Extraordinary tax credits </font><font style="font-family: 'Times New Roman'; font-size: 6.67pt; vertical-align: super;">(3)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">213,183</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">136,561</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Property rental </font><font style="font-family: 'Times New Roman'; font-size: 6.67pt; vertical-align: super;">(4)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">26,026</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">24,825</font></p>
</td>
</tr>
<tr style="height: 22.7pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Revenue from miscellaneous services (administrative, commercial and IT services)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">96,742</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">91,726</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Contractual fine and gas voucher</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">10,332</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">9,685</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Others</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">40,898</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">13,416</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 0.5px solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">445,836</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 0.5px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 0.5px solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">321,385</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Other operating expenses, net:</font></p>
</td>
<td style="border-top: 0.5pt solid #000000 !important; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.5pt solid #000000 !important; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Property rental </font><font style="font-family: 'Times New Roman'; font-size: 6.67pt; vertical-align: super;">(4)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(116,744)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(92,117)</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Taxes on other operating income </font><font style="font-family: 'Times New Roman'; font-size: 6.67pt; vertical-align: super;">(5)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(23,416)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(24,929)</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Fines for tax infractions</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(3,702)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(5,692)</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Decarbonization obligation </font><font style="font-family: 'Times New Roman'; font-size: 6.67pt; vertical-align: super;">(6)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(161,281)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(124,287)</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Others</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1pt solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(44,527)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1pt solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(10,326)</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(349,670)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(257,351)</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Other operating income, net</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">96,166</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">64,034</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table style="width: 100%; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt; height: 141px;">

<tr style="height: 24px;">
<td style="width: 2.85784%; height: 24px; padding: 1px 1px 10px;"><font style="font-size: 8pt;"><sup><font style="color: #000000; font-family: 'Times New Roman'; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(1)</font></sup></font></td>
<td style="width: 97.1422%; height: 24px; padding: 1px 1px 10px;"><font style="font-size: 8pt;"><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">Refers to contracts with service providers and suppliers</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">,</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">&nbsp;which establish trade agreements&nbsp;</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">for</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">&nbsp;convenience stores and gas stations.</font></font></td>
</tr>
<tr style="height: 23px;">
<td style="height: 23px; padding: 1px 1px 10px; width: 2.85784%;"><font style="font-size: 8pt;"><sup><font style="color: #000000; font-family: 'Times New Roman'; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(2)</font></sup></font></td>
<td style="height: 23px; padding: 1px 1px 10px; width: 97.1422%;"><font style="font-size: 8pt;"><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">Refers to contracts with suppliers of convenience stores</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">,&nbsp;</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">which establish, among other agreements, promotional campaigns.</font></font></td>
</tr>
<tr style="height: 24px;">
<td style="height: 24px; padding: 1px 1px 10px; width: 2.85784%;"><font style="font-size: 8pt;"><sup><font style="color: #000000; font-family: 'Times New Roman'; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(3)</font></sup></font></td>
<td style="height: 24px; padding: 1px 1px 10px; width: 97.1422%;"><font style="font-size: 8pt;"><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">Refers</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">&nbsp;substantially</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">&nbsp;to&nbsp;</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">PIS and COFINS&nbsp;</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">credits (see Note&nbsp;</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">8</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">.a.</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">3</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">)</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">,</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">&nbsp;</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">registered</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">&nbsp;on&nbsp;</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">calendar year 2021</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">.</font></font></td>
</tr>
<tr style="height: 23px;">
<td style="height: 23px; padding: 1px 1px 10px; width: 2.85784%;"><font style="font-size: 8pt;"><sup><font style="color: #000000; font-family: 'Times New Roman'; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(4)</font></sup></font></td>
<td style="height: 23px; padding: 1px 1px 10px; width: 97.1422%;"><font style="font-size: 8pt;"><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">Refers to&nbsp;Ipiranga&#8217;s&nbsp;income and e</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">xpenses&nbsp;with property rentals</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">&nbsp;and sublease</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">, especially for establishment of&nbsp;</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">own&nbsp;</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">gas stations,</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">&nbsp;linked to contractual requirements for the preservation of the&nbsp;</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">b</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">rand.</font></font></td>
</tr>
<tr style="height: 24px;">
<td style="height: 24px; padding: 1px 1px 10px; width: 2.85784%;"><font style="font-size: 8pt;"><sup><font style="color: #000000; font-family: 'Times New Roman'; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(5)</font></sup></font></td>
<td style="height: 24px; padding: 1px 1px 10px; width: 97.1422%;"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 8pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Refers substantially to ICMS, ISS, PIS and COFINS.</font></td>
</tr>
<tr style="height: 23px;">
<td style="height: 23px; padding: 1px 1px 10px; width: 2.85784%;"><font style="font-size: 8pt;"><sup><font style="color: #000000; font-family: 'Times New Roman'; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(6)</font></sup></font></td>
<td style="height: 23px; padding: 1px 1px 10px; width: 97.1422%;"><font style="font-size: 8pt;"><font style="color: #000000; font-family: 'Times New Roman'; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Refers to the obligation adopted by the&nbsp;</font>RenovaBio<font style="color: #000000; font-family: 'Times New Roman'; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">&nbsp;to set&nbsp;</font>decarbonization<font style="color: #000000; font-family: 'Times New Roman'; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">&nbsp;targets for its sector.</font></font></td>
</tr>

</table>
<p style="font-size: 9pt; line-height: 108%; margin: 2pt 0pt 8pt; text-align: justify;"><br></p>
</div>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>119</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0pt 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultrapar&nbsp;Participa&#231;&#245;es&nbsp;S.A. and Subsidiaries</font></p>
<p style="margin: 0pt 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; text-align: justify; font-size: 5pt;"><font style="font-family: 'Times New Roman';">&nbsp;</font></p>
<p style="margin: 0pt 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Notes to the Parent</font><font style="font-family: 'Times New Roman';">&#8217;s Separate</font><font style="font-family: 'Times New Roman';">&nbsp;and Consolidated&nbsp;</font><font style="font-family: 'Times New Roman';">Financial&nbsp;</font><font style="font-family: 'Times New Roman';">statements</font></font></p>
<p style="margin: 0pt 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; text-align: justify; font-size: 5pt;"><font style="font-family: 'Times New Roman';">&nbsp;</font></p>
<p style="margin: 0pt 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; text-align: justify; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-size: 10pt;">(In thousands of Brazilian&nbsp;Reais, unless otherwise stated)</font></p>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;"><br></font></font></p>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">31</font><font style="font-family: 'Times New Roman'; font-weight: bold;">. </font><font style="font-family: 'Times New Roman'; font-weight: bold;">Financ</font><font style="font-family: 'Times New Roman'; font-weight: bold;">e</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> </font><font style="font-family: 'Times New Roman'; font-weight: bold;">i</font><font style="font-family: 'Times New Roman'; font-weight: bold;">ncome (Expense)</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 306px;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Parent</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;"><br></td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Consolidated</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top: 0.5pt solid #000000 !important; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2021</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top: 0.5pt solid #000000 !important; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top: 0.5pt solid #000000 !important; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top: 0.5pt solid #000000 !important; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2021</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top: 0.5pt solid #000000 !important; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top: 0.5pt solid #000000 !important; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2020</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Restated (i)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 57%; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Finance income:</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1%; background-color: #cceeff; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1%; background-color: #cceeff; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1%; background-color: #cceeff; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Interest on financial investments</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">34,690</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">42,749</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">101,326</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">93,667</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Interest from customers</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">109,999</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">132,155</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Changes in subscription warrants &#8211; indemnification (see Note 25)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">33,180</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">33,180</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Selic interest on extraordinary PIS/COFINS credits (see Note 8.a.3)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">201,795</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">121,565</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Other finance income</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">444</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">273</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">13,854</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">10,279</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom: 1px solid #000000; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">68,314</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom: 1px solid #000000; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">43,022</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom: 1px solid #000000; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">460,154</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom: 1px solid #000000; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">357,666</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Finance expenses:</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Interest on loans</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(14,801)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(43,503)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(410,430)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(337,324)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Interest on debentures</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(80,241)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(53,960)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(306,539)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(321,656)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Interest on leases payable</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(3,220)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(4,238)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(110,878)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(109,318)</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Bank charges, financial transactions tax, and other charges</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,430)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,853)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(70,801)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(46,878)</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Exchange variation, net of gains and losses with derivative financial instruments</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(239,106)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(58,944)</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Changes in subscription warranty &#8211; indemnification (see Note 25)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(17,353)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(17,353)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Interest of provisions and other expenses</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(85,132)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(16,541)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(99,692)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(120,907)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,222,886)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(908,014)</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Finance income (expense)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(31,378)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(77,885)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(762,732)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(550,348)</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 9pt;">(i)</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">For further details, see Note 3.c.3.</font></font></p>
</div>
<p style="margin: 0pt; text-align: justify;"><br></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>120</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; text-align: justify;"><br></p>
<p style="margin: 0pt 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultrapar&nbsp;Participa&#231;&#245;es&nbsp;S.A. and Subsidiaries</font></p>
<p style="margin: 0pt 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; text-align: justify; font-size: 5pt;"><font style="font-family: 'Times New Roman';">&nbsp;</font></p>
<p style="margin: 0pt 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Notes to the Parent</font><font style="font-family: 'Times New Roman';">&#8217;s Separate</font><font style="font-family: 'Times New Roman';">&nbsp;and Consolidated&nbsp;</font><font style="font-family: 'Times New Roman';">Financial&nbsp;</font><font style="font-family: 'Times New Roman';">statements</font></font></p>
<p style="margin: 0pt 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; text-align: justify; font-size: 5pt;"><font style="font-family: 'Times New Roman';">&nbsp;</font></p>
<p style="margin: 0pt 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; text-align: justify; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-size: 10pt;">(In thousands of Brazilian&nbsp;Reais, unless otherwise stated)</font></p>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;"><br></font></font></p>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">3</font><font style="font-family: 'Times New Roman'; font-weight: bold;">2. </font><font style="font-family: 'Times New Roman'; font-weight: bold;">Earnings per </font><font style="font-family: 'Times New Roman'; font-weight: bold;">s</font><font style="font-family: 'Times New Roman'; font-weight: bold;">hare (Parent and Consolidated)</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 11pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The table below presents a reconciliation of numerators and denominators used in computing earnings per share. The Company has a deferred stock plan</font><font style="font-family: 'Times New Roman';"> and subscription warrants </font><font style="font-family: 'Times New Roman';">&#8211;</font><font style="font-family: 'Times New Roman';"> indemnification</font><font style="font-family: 'Times New Roman';">, as mentioned in Notes </font><font style="font-family: 'Times New Roman';">9</font><font style="font-family: 'Times New Roman';">.c</font><font style="font-family: 'Times New Roman';"> and </font><font style="font-family: 'Times New Roman';">25</font><font style="font-family: 'Times New Roman';">, respectively.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin: 0px auto; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 273px;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td colspan="5" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2021</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td colspan="7" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2020 - Restated (ii)</font></p>
</td>
</tr>
<tr style="height: 34px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; border-bottom-width: 1px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Continuing operations</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Discontinued operations</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> (i)</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Total</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Continuing operations</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Discontinued operations </font><font style="font-family: 'Times New Roman'; font-weight: bold;"> (i)</font></font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Total</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 47%; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Basic earnings per share</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 8%; background-color: #cceeff; border-top: 0.5pt solid #000000 !important; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 1%; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 8%; background-color: #cceeff; border-top: 0.5pt solid #000000 !important; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 1%; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 8%; background-color: #cceeff; border-top: 0.5pt solid #000000 !important; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 1%; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 8%; background-color: #cceeff; border-top: 0.5pt solid #000000 !important; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 1%; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 8%; background-color: #cceeff; border-top: 0.5pt solid #000000 !important; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 1%; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 8%; background-color: #cceeff; border-top: 0.5pt solid #000000 !important; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Net income for the year of the Company</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">785,199</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">65,264</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">850,463</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">612,750</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">280,633</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">893,383</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Weighted average shares outstanding (in thousands)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,090,500</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,090,500</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,090,500</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,089,414</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,089,414</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,089,414</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Basic earnings per share &#8211; R$</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">0.7200</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">0.0598</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">0.7799</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">0.5625</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">0.2576</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">0.8201</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Diluted earnings per share</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Net income for the year of the Company</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">785,199</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">65,264</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">850,463</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">612,750</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">280,633</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">893,383</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Weighted average shares outstanding (in thousands), including dilution effects</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,096,962</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,096,962</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,096,962</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,095,842</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,095,842</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,095,842</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Diluted earnings per share &#8211; R$</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">0.7158</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">0.0595</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">0.7753</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">0.5592</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">0.2561</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">0.8152</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Weighted average shares outstanding (in thousands)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 19px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 19px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Weighted average shares outstanding for basic per share </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,090,500</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,089,414</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Dilution effect</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;&nbsp;&nbsp;&nbsp; Subscription warrants &#8211; indemnification</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,548</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,570</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;&nbsp;&nbsp;&nbsp; Deferred stock plan</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,914</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,858</font></p>
</td>
</tr>
<tr style="height: 20px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 20px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Weighted average shares outstanding for diluted per share </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 20px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 20px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 20px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 20px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 20px; border-bottom: 2.8pt double #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,096,962</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 20px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 20px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 20px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 20px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 20px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 20px; border-bottom: 2.8pt double #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,095,842</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table style="width: 100%; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td style="width: 2.83824%;"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 9pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(i)</font></td>
<td style="width: 97.1618%;"><font style="font-size: 8pt;"><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">For further details, s</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">ee</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: TimesNewRoman;">&nbsp;</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: TimesNewRoman;">N</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: TimesNewRoman;">ot</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: TimesNewRoman;">e</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: TimesNewRoman;">&nbsp;3.c.2</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: TimesNewRoman;">.</font></font></td>
</tr>
<tr>
<td style="width: 2.83824%;"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 9pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(ii)</font></td>
<td style="width: 97.1618%;"><font style="font-size: 8pt;"><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">For further details, s</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">ee</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">&nbsp;</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: TimesNewRoman;">N</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: TimesNewRoman;">ot</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: TimesNewRoman;">e</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: TimesNewRoman;">&nbsp;3.c.3</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: TimesNewRoman;">.</font></font></td>
</tr>

</table>
<p style="margin: 2pt 0pt 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font><br></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Earnings per share were adjusted retrospectively by the issu</font><font style="font-family: 'Times New Roman';">anc</font><font style="font-family: 'Times New Roman';">e of </font><font style="font-family: 'Times New Roman';">2,297,491</font><font style="font-family: 'Times New Roman';"> common shares due to the partial exercise of the rights conferred by the subscription warrants disclosed in note </font><font style="font-family: 'Times New Roman';">25</font><font style="font-family: 'Times New Roman';">.</font></font></p>
<div style="width: 8.5in; margin: 0 auto;"><br></div>
</div>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>121</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0pt 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultrapar&nbsp;Participa&#231;&#245;es&nbsp;S.A. and Subsidiaries</font></p>
<p style="margin: 0pt 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; text-align: justify; font-size: 5pt;"><font style="font-family: 'Times New Roman';">&nbsp;</font></p>
<p style="margin: 0pt 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Notes to the Parent</font><font style="font-family: 'Times New Roman';">&#8217;s Separate</font><font style="font-family: 'Times New Roman';">&nbsp;and Consolidated&nbsp;</font><font style="font-family: 'Times New Roman';">Financial&nbsp;</font><font style="font-family: 'Times New Roman';">statements</font></font></p>
<p style="margin: 0pt 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; text-align: justify; font-size: 5pt;"><font style="font-family: 'Times New Roman';">&nbsp;</font></p>
<p style="margin: 0pt 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; text-align: justify; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-size: 10pt;">(In thousands of Brazilian&nbsp;Reais, unless otherwise stated)</font></p>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff; text-align: justify;"><br></p>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">3</font></font><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">3. </font><font style="font-family: 'Times New Roman'; font-weight: bold;">Segment </font><font style="font-family: 'Times New Roman'; font-weight: bold;">i</font><font style="font-family: 'Times New Roman'; font-weight: bold;">nformation</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The Company operates </font><font style="font-family: 'Times New Roman';">six</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">main business segments: gas distribution, fuel distribution, chemicals,</font><font style="font-family: 'Times New Roman';"> (presented as discontinued operations),</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">storage</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">drugstores</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">(presented as discontinued operations) </font><font style="font-family: 'Times New Roman';">and digital payments</font><font style="font-family: 'Times New Roman';">. The gas distribution segment (Ultragaz) distributes LPG to residential, commercial, and industrial consumers, especially in the South, Southeast, and Northeast regions of Brazil. The fuel distribution segment (Ipiranga) operates the distribution and marketing of gasoline, ethanol, diesel, fuel oil, kerosene, natural gas for vehicles</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> and lubricants and related activities throughout all the Brazilian territory. The storage segment (Ultracargo) operates liquid bulk terminals, especially in the Southeast and Northeast regions of Brazil</font><font style="font-family: 'Times New Roman';">. </font><font style="font-family: 'Times New Roman';">The digital payments segment (Abastece a&#237;) offers digital payments services, combining the &#8220;abastece a&#237;&#8221; app and the loyalty program</font><font style="font-family: 'Times New Roman';"> &#8220;Km de Vantagens&#8221;</font><font style="font-family: 'Times New Roman';">. </font><font style="font-family: 'Times New Roman';">The segments shown in the </font><font style="font-family: 'Times New Roman';">f</font><font style="font-family: 'Times New Roman';">inancial </font><font style="font-family: 'Times New Roman';">statements</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">are strategic business units supplying different products and services. Intersegment sales are at prices similar to those that would be charged to third parties.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The chemicals segment (Oxiteno) produces ethylene oxide and its main derivatives and fatty alcohols, which are raw materials used in the home and personal care, agrochemical, paints, varnishes, and other industries. The drugstores segment (Extrafarma) trades pharmaceutical, hygiene, and beauty products through its own drugstore chain in the North, Northeast and Southeast regions of the country. </font><font style="font-family: 'Times New Roman';">Both have their information by segment presented in Note 3.c.2, discontinued operations.</font></font></p>
</div>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';"><br></font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';"><br></font></font></p>
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<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>122</font></font></td>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
</div>
<p><br></p>
<div>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0pt 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultrapar&nbsp;Participa&#231;&#245;es&nbsp;S.A. and Subsidiaries</font></p>
<p style="margin: 0pt 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; text-align: justify; font-size: 5pt;"><font style="font-family: 'Times New Roman';">&nbsp;</font></p>
<p style="margin: 0pt 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Notes to the Parent</font><font style="font-family: 'Times New Roman';">&#8217;s Separate</font><font style="font-family: 'Times New Roman';">&nbsp;and Consolidated&nbsp;</font><font style="font-family: 'Times New Roman';">Financial&nbsp;</font><font style="font-family: 'Times New Roman';">statements</font></font></p>
<p style="margin: 0pt 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; text-align: justify; font-size: 5pt;"><font style="font-family: 'Times New Roman';">&nbsp;</font></p>
<p style="margin: 0pt 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; text-align: justify; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-size: 10pt;">(In thousands of Brazilian&nbsp;Reais, unless otherwise stated)</font></p>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic;"><br></font></p>
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold;">a. Financial information related to segments</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The main financial information of each of the</font><font style="font-family: 'Times New Roman';"> continuing operations</font><font style="font-family: 'Times New Roman';"> Company&#8217;s segments </font><font style="font-family: 'Times New Roman';">are</font><font style="font-family: 'Times New Roman';"> stated as follows</font><font style="font-family: 'Times New Roman';">. For discontinued operations see note 3.c.2.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="height: 333px; border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1px solid #000000;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; text-align: center; border-bottom: 1px solid #000000;" colspan="10"><font style="font-size: 8pt;"> <b style="mso-bidi-font-weight: normal;"><font lang="PT-BR" style="font-family: 'Times New Roman', 'serif'; color: #000000;">12/31/2021</font></b> </font></td>
</tr>
<tr style="height: 0px;">
<td rowspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom: 1px solid #000000; border-top: 0.5pt solid #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Income</font></p>
</td>
<td rowspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom: 1px solid #000000; border-top: 0.5pt solid #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Ipiranga</font></p>
</td>
<td rowspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom: 1px solid #000000; border-top: 0.5pt solid #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Ultragaz</font></p>
</td>
<td rowspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom: 1px solid #000000; border-top: 0.5pt solid #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Ultracargo</font></p>
</td>
<td rowspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom: 1px solid #000000; border-top: 0.5pt solid #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Abastece a&#237;</font></p>
</td>
<td rowspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom: 1px solid #000000; border-top: 0.5pt solid #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Subtotal</font></p>
</td>
<td rowspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom: 1px solid #000000; border-top: 0.5pt solid #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Others </font><font style="font-family: 'Times New Roman'; font-weight: bold; vertical-align: super;">(1) (2)</font></font></p>
</td>
<td colspan="2" rowspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom: 1px solid #000000; border-top: 0.5pt solid #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Elimination</font></p>
</td>
<td colspan="2" rowspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom: 1px solid #000000; border-top: 0.5pt solid #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Total </font></p>
</td>
</tr>
<tr style="height: 10px;"></tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; width: 38%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Net revenue from sales and services</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom: 1px solid #000000; border-top: 0.5pt solid #000000 !important; width: 7%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"> 99,382,617</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom: 1px solid #000000; border-top: 0.5pt solid #000000 !important; width: 7%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"> 9,744,659</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom: 1px solid #000000; border-top: 0.5pt solid #000000 !important; width: 7%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"> 713,096</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom: 1px solid #000000; border-top: 0.5pt solid #000000 !important; width: 8%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"> 84,733</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom: 1px solid #000000; border-top: 0.5pt solid #000000 !important; width: 7%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"> 109,925,105</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom: 1px solid #000000; border-top: 0.5pt solid #000000 !important; width: 12%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"> 22,452</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom: 1px solid #000000; border-top: 0.5pt solid #000000 !important; width: 7%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">(214,715)</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom: 1px solid #000000; border-top: 0.5pt solid #000000 !important; width: 7%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"> 109,732,842</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Transactions with third parties</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-top: 0.5pt solid #000000 !important; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 99,382,547</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-top: 0.5pt solid #000000 !important; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 9,740,657</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-top: 0.5pt solid #000000 !important; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 518,762</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-top: 0.5pt solid #000000 !important; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 84,733</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-top: 0.5pt solid #000000 !important; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 109,726,699</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-top: 0.5pt solid #000000 !important; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 6,143</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-top: 0.5pt solid #000000 !important; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-top: 0.5pt solid #000000 !important; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 109,732,842</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Intersegment transactions</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 70</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 4,002</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 194,334</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 198,406</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 16,309</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(214,715)</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Cost of products and services sold</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(96,110,408)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(8,626,340)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(285,406)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(105,022,154)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 70</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 194,118</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(104,827,966)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Gross profit</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom: 1px solid #000000; border-top: 0.5pt solid #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"> 3,272,209</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom: 1px solid #000000; border-top: 0.5pt solid #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"> 1,118,319</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom: 1px solid #000000; border-top: 0.5pt solid #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"> 427,690</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom: 1px solid #000000; border-top: 0.5pt solid #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"> 84,733</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom: 1px solid #000000; border-top: 0.5pt solid #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"> 4,902,951</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom: 1px solid #000000; border-top: 0.5pt solid #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"> 22,522</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom: 1px solid #000000; border-top: 0.5pt solid #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">(20,597)</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom: 1px solid #000000; border-top: 0.5pt solid #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"> 4,904,876</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Operating income (expenses)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Selling and marketing</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,409,350)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(438,697)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(9,213)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(71,345)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,928,605)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(6,184)</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,934,789)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Loss allowance (reversion) for expected credit losses</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 23,536</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(20,482)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 69</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 3,123</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 3,123</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">General and administrative</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(846,441)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(202,002)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(127,117)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(113,544)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,289,104)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(198,044)</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 20,597</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,466,551)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Gain (loss) on disposal of property, plant and equipment and intangibles</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 183,862</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 2,138</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,754)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(9)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 184,237</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(48)</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 184,189</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Other operating income, net</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 74,574</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 10,976</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 3,876</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 5,159</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 94,585</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 1,581</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 96,166</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Operating income (loss)</font></p>
</td>
<td style="border-top: 0.5pt solid #000000 !important; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"> 1,298,390</font></p>
</td>
<td style="border-top: 0.5pt solid #000000 !important; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"> 470,252</font></p>
</td>
<td style="border-top: 0.5pt solid #000000 !important; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"> 293,551</font></p>
</td>
<td style="border-top: 0.5pt solid #000000 !important; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">(95,006)</font></p>
</td>
<td style="border-top: 0.5pt solid #000000 !important; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"> 1,967,187</font></p>
</td>
<td style="border-top: 0.5pt solid #000000 !important; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">(180,173)</font></p>
</td>
<td colspan="2" style="border-top: 0.5pt solid #000000 !important; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">-</font></p>
</td>
<td colspan="2" style="border-top: 0.5pt solid #000000 !important; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"> 1,787,014</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Share of profit (loss) of subsidiaries, joint ventures and associates</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(859)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(104)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 602</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(361)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(17,273)</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(17,634)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Operating income before finance income (expenses) and income and social contribution taxes</font></p>
</td>
<td style="border-top: 0.5pt solid #000000 !important; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"> 1,297,531</font></p>
</td>
<td style="border-top: 0.5pt solid #000000 !important; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"> 470,148</font></p>
</td>
<td style="border-top: 0.5pt solid #000000 !important; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"> 294,153</font></p>
</td>
<td style="border-top: 0.5pt solid #000000 !important; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">(95,006)</font></p>
</td>
<td style="border-top: 0.5pt solid #000000 !important; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"> 1,966,826</font></p>
</td>
<td style="border-top: 0.5pt solid #000000 !important; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">(197,446)</font></p>
</td>
<td colspan="2" style="border-top: 0.5pt solid #000000 !important; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">-</font></p>
</td>
<td colspan="2" style="border-top: 0.5pt solid #000000 !important; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"> 1,769,380</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Depreciation of PP&amp;E and amortization of intangible assets charges</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 325,942</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 211,014</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 76,421</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 14,365</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 627,742</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 25,376</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 653,118</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Amortization of contractual assets with customers &#8211; exclusive rights</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 280,975</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 1,546</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 282,521</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 282,521</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Amortization of right-of-use assets</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 182,245</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 46,579</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 25,440</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 267</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 254,531</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 6,185</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 260,716</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Total of depreciation and amortization</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"> 789,162</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"> 259,139</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"> 101,861</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"> 14,632</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"> 1,164,794</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"> 31,561</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">-</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"> 1,196,355</font></p>
</td>
</tr>

</table>
<p><br></p>
</div>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>123</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"><br></font></p>
<p style="margin: 0pt 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultrapar&nbsp;Participa&#231;&#245;es&nbsp;S.A. and Subsidiaries</font></p>
<p style="margin: 0pt 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; text-align: justify; font-size: 5pt;"><font style="font-family: 'Times New Roman';">&nbsp;</font></p>
<p style="margin: 0pt 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Notes to the Parent</font><font style="font-family: 'Times New Roman';">&#8217;s Separate</font><font style="font-family: 'Times New Roman';">&nbsp;and Consolidated&nbsp;</font><font style="font-family: 'Times New Roman';">Financial&nbsp;</font><font style="font-family: 'Times New Roman';">statements</font></font></p>
<p style="margin: 0pt 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; text-align: justify; font-size: 5pt;"><font style="font-family: 'Times New Roman';">&nbsp;</font></p>
<p style="margin: 0pt 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; text-align: justify; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-size: 10pt;">(In thousands of Brazilian&nbsp;Reais, unless otherwise stated)</font></p>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic;"><br></font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%;" width="100%">

<tr style="height: 11.25pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td colspan="12" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">31/12/2020 - Restated</font></p>
</td>
</tr>
<tr style="height: 11.25pt;">
<td rowspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000; border-top: 0.5pt solid #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Income</font></p>
</td>
<td rowspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000; border-top: 0.5pt solid #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Ipiranga</font></p>
</td>
<td rowspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000; border-top: 0.5pt solid #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Ultragaz</font></p>
</td>
<td rowspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000; border-top: 0.5pt solid #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Ultracargo</font></p>
</td>
<td rowspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000; border-top: 0.5pt solid #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Abastece a&#237;</font></p>
</td>
<td rowspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000; border-top: 0.5pt solid #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Subtotal Segments</font></p>
</td>
<td colspan="2" rowspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000; border-top: 0.5pt solid #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Others </font><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; vertical-align: super;">(1) (2)</font></p>
</td>
<td colspan="2" rowspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000; border-top: 0.5pt solid #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Elimination</font></p>
</td>
<td colspan="3" rowspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000; border-top: 0.5pt solid #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Total </font></p>
</td>
</tr>
<tr></tr>
<tr style="height: 11.25pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 41%; border-bottom-width: 1px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Net revenue from sales and services</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom: 1px solid #000000; border-top: 0.5pt solid #000000 !important; width: 7%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"> 66,133,035</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom: 1px solid #000000; border-top: 0.5pt solid #000000 !important; width: 7%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"> 7,408,342</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom: 1px solid #000000; border-top: 0.5pt solid #000000 !important; width: 7%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"> 644,177</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom: 1px solid #000000; border-top: 0.5pt solid #000000 !important; width: 8%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"> 17,223</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom: 1px solid #000000; border-top: 0.5pt solid #000000 !important; width: 7%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"> 74,202,777</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom: 1px solid #000000; border-top: 0.5pt solid #000000 !important; width: 9%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"> 48,325</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom: 1px solid #000000; border-top: 0.5pt solid #000000 !important; width: 7%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">(193,046)</font></p>
</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom: 1px solid #000000; border-top: 0.5pt solid #000000 !important; width: 7%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"> 74,058,056</font></p>
</td>
</tr>
<tr style="height: 11.25pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Transactions with third parties</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top: 0.5pt solid #000000 !important; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 66,132,828</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top: 0.5pt solid #000000 !important; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 7,403,632</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top: 0.5pt solid #000000 !important; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 504,725</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top: 0.5pt solid #000000 !important; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 17,223</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top: 0.5pt solid #000000 !important; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 74,058,408</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top: 0.5pt solid #000000 !important; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(352)</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top: 0.5pt solid #000000 !important; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top: 0.5pt solid #000000 !important; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 74,058,056</font></p>
</td>
</tr>
<tr style="height: 11.25pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Intersegment transactions</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 207</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 4,710</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 139,452</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 144,369</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 48,677</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(193,046)</font></p>
</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 11.25pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Cost of products and services sold</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(63,609,871)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(6,310,157)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(270,010)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(70,190,038)</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 207</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 133,384</font></p>
</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(70,056,447)</font></p>
</td>
</tr>
<tr style="height: 11.25pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Gross profit</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom: 1px solid #000000; border-top: 0.5pt solid #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"> 2,523,164</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom: 1px solid #000000; border-top: 0.5pt solid #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"> 1,098,185</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom: 1px solid #000000; border-top: 0.5pt solid #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"> 374,167</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom: 1px solid #000000; border-top: 0.5pt solid #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"> 17,223</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom: 1px solid #000000; border-top: 0.5pt solid #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"> 4,012,739</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom: 1px solid #000000; border-top: 0.5pt solid #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"> 48,532</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom: 1px solid #000000; border-top: 0.5pt solid #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">(59,662)</font></p>
</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom: 1px solid #000000; border-top: 0.5pt solid #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"> 4,001,609</font></p>
</td>
</tr>
<tr style="height: 11.25pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Operating income (expenses)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 11.25pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Selling and marketing</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,164,779)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(404,776)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(7,278)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(13,945)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,590,778)</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(5,093)</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,595,871)</font></p>
</td>
</tr>
<tr style="height: 11.25pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Loss allowance (reversion) for expected credit losses</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 2,863</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(18,514)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 370</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(15,281)</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(15,281)</font></p>
</td>
</tr>
<tr style="height: 11.25pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">General and administrative</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(568,963)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(196,883)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(122,965)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(33,164)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(921,975)</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(131,673)</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 59,662</font></p>
</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(993,986)</font></p>
</td>
</tr>
<tr style="height: 11.25pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Gain (loss) on disposal of property, plant and equipment and intangibles</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 78,952</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 7,936</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,433)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 85,455</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 85,455</font></p>
</td>
</tr>
<tr style="height: 11.25pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Other operating income, net</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 44,195</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 8,265</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 8,898</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 920</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 62,278</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 1,756</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 64,034</font></p>
</td>
</tr>
<tr style="height: 19.85pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Operating income (loss)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top: 1pt solid #000000; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"> 915,432</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top: 1pt solid #000000; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"> 494,213</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top: 1pt solid #000000; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"> 251,759</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top: 1pt solid #000000; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">(28,966)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top: 1pt solid #000000; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"> 1,632,438</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top: 1pt solid #000000; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">(86,478)</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top: 1pt solid #000000; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">-</font></p>
</td>
<td colspan="3" style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top: 0.5pt solid #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"> 1,545,960</font></p>
</td>
</tr>
<tr style="height: 11.25pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Share of profit (loss) of subsidiaries, joint ventures and associates</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 0.5px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(932)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 0.5px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(53)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 0.5px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 392</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 0.5px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 0.5px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(593)</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 0.5px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(43,438)</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 0.5px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 0.5px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(44,031)</font></p>
</td>
</tr>
<tr style="height: 19.85pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Operating income before finance income (expenses) and income and social contribution taxes</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top: 1pt solid #000000; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"> 914,500</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top: 1pt solid #000000; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"> 494,160</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top: 1pt solid #000000; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"> 252,151</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top: 1pt solid #000000; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">(28,966)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top: 1pt solid #000000; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"> 1,631,845</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top: 1pt solid #000000; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">(129,916)</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top: 1pt solid #000000; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">-</font></p>
</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top: 1pt solid #000000; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"> 1,501,929</font></p>
</td>
</tr>
<tr style="height: 11.25pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Depreciation of PP&amp;E and amortization of intangible assets charges</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 314,511</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 192,241</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 65,838</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 4,053</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 576,643</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 18,888</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 595,531</font></p>
</td>
</tr>
<tr style="height: 11.25pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Amortization of contractual assets with customers &#8211; exclusive rights</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 287,800</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 1,636</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 289,436</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 289,436</font></p>
</td>
</tr>
<tr style="height: 11.25pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Amortization of right-of-use assets</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 177,039</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 41,015</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 19,482</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 40</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 237,576</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 5,094</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 242,670</font></p>
</td>
</tr>
<tr style="height: 11.25pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Total of depreciation and amortization</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000; border-top: 0.5pt solid #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"> 779,350</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000; border-top: 0.5pt solid #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"> 234,892</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000; border-top: 0.5pt solid #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"> 85,320</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000; border-top: 0.5pt solid #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"> 4,093</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000; border-top: 0.5pt solid #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"> 1,103,655</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000; border-top: 0.5pt solid #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"> 23,982</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000; border-top: 0.5pt solid #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">-</font></p>
</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000; border-top: 0.5pt solid #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"> 1,127,637</font></p>
</td>
</tr>

</table>
<p style="margin: 2pt 0pt 0pt 7.1pt; text-align: justify; text-indent: -7.1pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; vertical-align: super;">&nbsp;</font></p>
<table style="width: 100%; margin-left: 0.1px; height: 89px; font-family: 'times new roman'; font-size: 10pt;">

<tr style="height: 45px;">
<td style="width: 2.73529%; height: 45px; padding: 0px; vertical-align: top;" valign="top"><sup><font style="color: #000000; font-family: 'Times New Roman'; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -18.9333px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(<font style="font-size: 8pt;">1)</font></font></sup></td>
<td style="width: 97.2647%; height: 45px; padding: 0px; vertical-align: top;" valign="top"><font style="font-size: 8pt;"><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -18.9333px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">Includes in the line &#8220;General and administrative&#8221;</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -18.9333px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">&nbsp;and revenue</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -18.9333px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">&nbsp;on disposal of PP&amp;E and intangibles</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -18.9333px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">&nbsp;the&nbsp;</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -18.9333px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">amount of R$&nbsp;</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -18.9333px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">154,640</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -18.9333px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">&nbsp;in 2021 (R</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -18.9333px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">$&nbsp;</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -18.9333px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">87,363</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -18.9333px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">&nbsp;in 2020) of expenses</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -18.9333px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">&nbsp;related to&nbsp;Ultrapar's&nbsp;holding structure, including the Presidency, Financial Board, Legal Board, Board of Directors and Fiscal Council, Risk, Compliance and Audit Board and Sustainability Board.</font></font></td>
</tr>
<tr style="height: 44px;">
<td style="height: 44px; padding: 0px; vertical-align: top; width: 2.73529%;" valign="top"><font style="font-size: 8pt;"><sup><font style="color: #000000; font-family: 'Times New Roman'; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(2)</font></sup></font></td>
<td style="height: 44px; padding: 0px; vertical-align: top; width: 97.2647%;" valign="top"><font style="font-family: 'times new roman', times; font-size: 8pt;"> <font style="line-height: 115%; color: black; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;">The &#8220;Others&#8221; column consists of financial income and expenses, income tax and social contribution of the segments, the parent company&nbsp;<font style="border: none windowtext 1.0pt; mso-border-alt: none windowtext 0in; padding: 0in;">Ultrapar</font>&nbsp;and the subsidiaries&nbsp;<font style="border: none windowtext 1.0pt; mso-border-alt: none windowtext 0in; padding: 0in;">Serma</font>,&nbsp;<font style="border: none windowtext 1.0pt; mso-border-alt: none windowtext 0in; padding: 0in;">Imaven</font>&nbsp;<font style="border: none windowtext 1.0pt; mso-border-alt: none windowtext 0in; padding: 0in;">Im&#243;veis</font>&nbsp;<font style="border: none windowtext 1.0pt; mso-border-alt: none windowtext 0in; padding: 0in;">Ltda</font>.</font><font style="font-variant-ligatures: normal; font-variant-caps: normal; orphans: 2; widows: 2; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; word-spacing: 0px;">&nbsp;(&#8220;<font style="border: none windowtext 1.0pt; mso-border-alt: none windowtext 0in; padding: 0in;">Imaven</font>&#8221;)</font><font style="font-variant-ligatures: normal; font-variant-caps: normal; orphans: 2; widows: 2; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; word-spacing: 0px;">,&nbsp;<font style="border: none windowtext 1.0pt; mso-border-alt: none windowtext 0in; padding: 0in;">Ultrapar</font>&nbsp;International, UVC&nbsp;<font style="border: none windowtext 1.0pt; mso-border-alt: none windowtext 0in; padding: 0in;">Investimentos</font>,&nbsp;</font><font style="font-variant-ligatures: normal; font-variant-caps: normal; orphans: 2; widows: 2; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; word-spacing: 0px;">UVC -&nbsp;<font style="border: none windowtext 1.0pt; mso-border-alt: none windowtext 0in; padding: 0in;">Fundo</font>&nbsp;de&nbsp;<font style="border: none windowtext 1.0pt; mso-border-alt: none windowtext 0in; padding: 0in;">investimento</font></font><font style="font-variant-ligatures: normal; font-variant-caps: normal; orphans: 2; widows: 2; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; word-spacing: 0px;">&nbsp;and equity of joint ventures of&nbsp;<font style="border: none windowtext 1.0pt; mso-border-alt: none windowtext 0in; padding: 0in;">ConectCar</font></font><font style="font-variant-ligatures: normal; font-variant-caps: normal; orphans: 2; widows: 2; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; word-spacing: 0px;">, until September 30, 2021</font><font style="font-variant-ligatures: normal; font-variant-caps: normal; orphans: 2; widows: 2; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; word-spacing: 0px;">&nbsp;and RPR.</font> </font></td>
</tr>

</table>
<p style="margin: 2pt 0pt 0pt 7.1pt; text-align: justify; text-indent: -7.1pt;"><br></p>
</div>
<p style="margin: 2pt 0pt 0pt 7.1pt; text-align: justify; text-indent: -7.1pt;"><br></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>124</font></font></td>
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</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
</div>
<div>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0pt 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"><br></font></p>
<p style="margin: 0pt 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultrapar&nbsp;Participa&#231;&#245;es&nbsp;S.A. and Subsidiaries</font></p>
<p style="margin: 0pt 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; text-align: justify; font-size: 5pt;"><font style="font-family: 'Times New Roman';">&nbsp;</font></p>
<p style="margin: 0pt 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Notes to the Parent</font><font style="font-family: 'Times New Roman';">&#8217;s Separate</font><font style="font-family: 'Times New Roman';">&nbsp;and Consolidated&nbsp;</font><font style="font-family: 'Times New Roman';">Financial&nbsp;</font><font style="font-family: 'Times New Roman';">statements</font></font></p>
<p style="margin: 0pt 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; text-align: justify; font-size: 5pt;"><font style="font-family: 'Times New Roman';">&nbsp;</font></p>
<p style="margin: 0pt 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; text-align: justify; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-size: 10pt;">(In thousands of Brazilian&nbsp;Reais, unless otherwise stated)</font></p>
<br>
<p><br></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt; width: 100%;" width="100%">

<tr style="height: 11.25pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td colspan="8" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2021</font></p>
</td>
</tr>
<tr style="height: 11.25pt;">
<td rowspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Cash flow</font></p>
</td>
<td rowspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Ipiranga</font></p>
</td>
<td rowspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Ultragaz</font></p>
</td>
<td rowspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Ultracargo</font></p>
</td>
<td rowspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Abastece a&#237;</font></p>
</td>
<td rowspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Subtotal Segments</font></p>
</td>
<td rowspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Others </font><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; vertical-align: super;">(3)</font></p>
</td>
<td rowspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Elimination</font></p>
</td>
<td rowspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Total</font></p>
</td>
</tr>
<tr></tr>
<tr style="height: 11.25pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 43%; border-bottom-width: 0.5px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Acquisition of property, plant, and equipment</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 7%; border-bottom-width: 0.5px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 386,693</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 7%; border-bottom-width: 0.5px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 336,871</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 7%; border-bottom-width: 0.5px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 298,272</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 8%; border-bottom-width: 0.5px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 636</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 7%; border-bottom-width: 0.5px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 1,022,472</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 7%; border-bottom-width: 0.5px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 5,947</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 7%; border-bottom-width: 0.5px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 7%; border-bottom-width: 0.5px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 1,028,419</font></p>
</td>
</tr>
<tr style="height: 11.25pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Acquisition of intangible assets</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 156,498</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 30,150</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 15,819</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 34,824</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 237,291</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 197</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 237,488</font></p>
</td>
</tr>
<tr style="height: 11.25pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Payments of contractual assets with customers &#8211; exclusive rights</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 420,261</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 420,261</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 420,261</font></p>
</td>
</tr>
<tr style="height: 11.25pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Decarbonization credits (see Note 16)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 176,837</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 176,837</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 176,837</font></p>
</td>
</tr>

</table>
<br>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt; width: 100%;" width="100%">

<tr style="height: 11.25pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td colspan="8" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">31/12/2020 - Restated</font></p>
</td>
</tr>
<tr style="height: 10.5pt;">
<td rowspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Cash flow</font></p>
</td>
<td rowspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Ipiranga</font></p>
</td>
<td rowspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Ultragaz</font></p>
</td>
<td rowspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Ultracargo</font></p>
</td>
<td rowspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Abastece a&#237;</font></p>
</td>
<td rowspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Subtotal Segments</font></p>
</td>
<td rowspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Others </font><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; vertical-align: super;">(3)</font></p>
</td>
<td rowspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Elimination</font></p>
</td>
<td rowspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Total</font></p>
</td>
</tr>
<tr></tr>
<tr style="height: 11.25pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 43%; border-bottom-width: 0.5px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Acquisition of property, plant, and equipment</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 7%; border-bottom-width: 0.5px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 245,980</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 7%; border-bottom-width: 0.5px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 276,470</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 7%; border-bottom-width: 0.5px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 211,287</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 8%; border-bottom-width: 0.5px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 5,149</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 7%; border-bottom-width: 0.5px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 738,886</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 7%; border-bottom-width: 0.5px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 11,732</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 7%; border-bottom-width: 0.5px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 7%; border-bottom-width: 0.5px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 750,618</font></p>
</td>
</tr>
<tr style="height: 11.25pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Acquisition of intangible assets</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 85,337</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 32,613</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 5,596</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 10,285</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 133,831</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 20,703</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 154,534</font></p>
</td>
</tr>
<tr style="height: 11.25pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Payments of contractual assets with customers &#8211; exclusive rights</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 351,233</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 4,812</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 356,045</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 356,045</font></p>
</td>
</tr>
<tr style="height: 11.25pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Decarbonization credits (see Note 16)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 125,345</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 125,345</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 125,345</font></p>
</td>
</tr>

</table>
<p style="margin: 2pt 0pt 0pt 7.1pt; text-align: justify; text-indent: -7.1pt;"><font style="font-family: 'Times New Roman'; font-size: 6pt; vertical-align: super;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="height: 44px; border-collapse: collapse; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td colspan="8" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2021</font></p>
</td>
</tr>
<tr style="height: 0px;">
<td rowspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 43%; height: 10px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Assets</font></p>
</td>
<td rowspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7%; height: 10px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Ipiranga</font></p>
</td>
<td rowspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7%; height: 10px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Ultragaz</font></p>
</td>
<td rowspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7%; height: 10px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Ultracargo</font></p>
</td>
<td rowspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 8%; height: 10px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Abastece a&#237;</font></p>
</td>
<td rowspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7%; height: 10px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Subtotal Segments</font></p>
</td>
<td rowspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7%; height: 10px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Others </font><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; vertical-align: super;">(3)</font></p>
</td>
<td rowspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7%; height: 10px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Assets from subsidiaries held for sale</font></p>
</td>
<td rowspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7%; height: 10px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Total</font></p>
</td>
</tr>
<tr style="height: 10px;"></tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Total assets (excluding intersegment transactions)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 21,050,793</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 3,233,736</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 2,675,453</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 152,212</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 27,112,194</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 897,246</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 11,000,917</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 39,010,357</font></p>
</td>
</tr>

</table>
<p style="margin: 2pt 0pt 0pt 7.1pt; text-align: justify; text-indent: -7.1pt;"><font style="font-family: 'Times New Roman'; font-size: 6pt; vertical-align: super;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="height: 62px; border-collapse: collapse; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td colspan="10" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2020</font></p>
</td>
</tr>
<tr style="height: 28px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 28px; text-align: center; width: 30%; vertical-align: bottom; border-bottom: 1px solid #000000;" valign="bottom"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 8pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Assets</font></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 28px; text-align: center; width: 7%; border-bottom: 1px solid #000000;"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 8pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Ipiranga</font></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 28px; text-align: center; width: 7%; border-bottom: 1px solid #000000;"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 8pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Ultragaz</font></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 28px; text-align: center; width: 7%; border-bottom: 1px solid #000000;"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 8pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Oxiteno</font></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 28px; text-align: center; width: 7%; border-bottom: 1px solid #000000;"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 8pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Ultracargo</font></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 28px; text-align: center; width: 7%; border-bottom: 1px solid #000000;"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 8pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Extrafarma</font></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 28px; text-align: center; width: 7%; border-bottom: 1px solid #000000;"><font style="font-size: 8pt; font-weight: bold;">Abastece<font style="color: #000000; font-family: 'Times New Roman'; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">&nbsp;a&#237;</font></font></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 28px; text-align: center; width: 7%; border-bottom: 1px solid #000000;"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 8pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Subtotal Segments</font></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 28px; text-align: center; width: 7%; border-bottom: 1px solid #000000;"><font style="font-size: 8pt;"><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman'; font-weight: bold;">Others&nbsp;</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman'; font-weight: bold; vertical-align: super;">(3)</font></font></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 28px; text-align: center; width: 7%; border-bottom: 1px solid #000000;"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 8pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Elimination</font></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 28px; text-align: center; width: 7%; border-bottom: 1px solid #000000;"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 8pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Total</font></td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Total assets (excluding intersegment transactions)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 18,761,207</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 2,927,061</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 8,892,850</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 2,197,675</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 1,845,038</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 85,787</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 34,709,618</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 1,540,544</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 36,250,162</font></p>
</td>
</tr>

</table>
<p style="margin: 2pt 0pt 0pt 7.1pt; text-align: justify; text-indent: -7.1pt;"><font style="font-family: 'Times New Roman'; font-size: 6pt; vertical-align: super;">&nbsp;</font></p>
<table style="width: 100%; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td style="width: 3%; vertical-align: top;" valign="top"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 8pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(3)</font></td>
<td style="width: 97%; vertical-align: top;" valign="top"><font style="font-size: 8pt;"><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">The &#8220;Others&#8221; column comprises the parent company Ultrapar (including goodwill from certain acquisitions) and the subsidiaries Serma, Imaven, Ultrapar International, UVC Investimentos and&nbsp;</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">UVC - Fundo de investimento</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">.</font></font></td>
</tr>

</table>
</div>
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</div>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>125</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<div style="width: 8.5in; margin: 0 auto;">
<p><br></p>
<div>
<p style="margin: 0pt 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultrapar&nbsp;Participa&#231;&#245;es&nbsp;S.A. and Subsidiaries</font></p>
<p style="margin: 0pt 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; text-align: justify; font-size: 5pt;"><font style="font-family: 'Times New Roman';">&nbsp;</font></p>
<p style="margin: 0pt 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Notes to the Parent</font><font style="font-family: 'Times New Roman';">&#8217;s Separate</font><font style="font-family: 'Times New Roman';">&nbsp;and Consolidated&nbsp;</font><font style="font-family: 'Times New Roman';">Financial&nbsp;</font><font style="font-family: 'Times New Roman';">statements</font></font></p>
<p style="margin: 0pt 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; text-align: justify; font-size: 5pt;"><font style="font-family: 'Times New Roman';">&nbsp;</font></p>
<p style="margin: 0pt 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; text-align: justify; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-size: 10pt;">(In thousands of Brazilian&nbsp;Reais, unless otherwise stated)</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="height: 319px; border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2021</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2020</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Restated</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 74%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Income before financial result, income and social contribution taxes</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 1%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 12%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 1,769,380</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 1%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 12%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 1,501,929</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Financial result, net</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(762,732)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(550,348)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Income before income and social contribution taxes</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.5pt solid #000000 !important; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 1,006,648</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.5pt solid #000000 !important; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 951,581</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Additions to PP&amp;E and intangible assets (excluding intersegment account balances):</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultragaz</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 367,021</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 309,083</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ipiranga</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 550,874</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 338,848</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultracargo</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 316,873</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 218,898</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Abastece a&#237;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 35,460</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 15,434</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.5pt solid #000000 !important; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 1,270,228</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.5pt solid #000000 !important; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 882,263</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Others </font><font style="font-family: 'Times New Roman'; font-size: 6.67pt; vertical-align: super;">(1)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 6,143</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 32,437</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Total additions to PP&amp;E and intangible assets, excluding decarbonization credits (see Notes 15 and 16)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 1,276,371</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 914,700</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Asset retirement obligation &#8211; fuel tanks (see Note 22)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(451)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(163)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Capitalized borrowing costs</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(10,013)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(9,385)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Total investments in PP&amp;E and intangible assets (cash flow)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 1,265,907</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 905,152</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Addition on contractual assets with customers &#8211; exclusive rights (see Note 12):</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ipiranga</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 689,986</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 543,382</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultragaz</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 5,703</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Total</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.5pt solid #000000 !important; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 689,986</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.5pt solid #000000 !important; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 549,085</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table style="width: 100%; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt; height: 34px;">

<tr style="height: 34px;">
<td style="vertical-align: top; width: 3%; height: 34px;" valign="top"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 8pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(1)</font></td>
<td style="vertical-align: top; width: 97%; height: 34px;" valign="top"><font style="font-size: 8pt;"><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">The &#8220;Others&#8221; column comprises the parent company Ultrapar (including goodwill from certain acquisitions) and the subsidiaries Serma, Imaven, Ultrapar International, UVC Investimentos and&nbsp;</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">UVC&nbsp;</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">&#8211;</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">&nbsp;Fundo de investimento</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">.</font></font></td>
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<p style="margin: 2pt 0pt 0pt 7.1pt; text-align: justify; text-indent: -7.1pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&nbsp;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">&nbsp;</font><br></p>
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<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>126</font></font></td>
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<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"><br></font></p>
<p style="margin: 0pt 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultrapar&nbsp;Participa&#231;&#245;es&nbsp;S.A. and Subsidiaries</font></p>
<p style="margin: 0pt 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; text-align: justify; font-size: 5pt;"><font style="font-family: 'Times New Roman';">&nbsp;</font></p>
<p style="margin: 0pt 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Notes to the Parent</font><font style="font-family: 'Times New Roman';">&#8217;s Separate</font><font style="font-family: 'Times New Roman';">&nbsp;and Consolidated&nbsp;</font><font style="font-family: 'Times New Roman';">Financial&nbsp;</font><font style="font-family: 'Times New Roman';">statements</font></font></p>
<p style="margin: 0pt 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; text-align: justify; font-size: 5pt;"><font style="font-family: 'Times New Roman';">&nbsp;</font></p>
<p style="margin: 0pt 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; text-align: justify; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-size: 10pt;">(In thousands of Brazilian&nbsp;Reais, unless otherwise stated)</font></p>
<p style="margin: 0pt 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; text-align: justify; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-size: 10pt;"><br></font></p>
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">b</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">. </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">Geographic </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">a</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">rea </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">i</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">nformation</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The </font><font style="font-family: 'Times New Roman';">right-of-use assets, PP&amp;E</font><font style="font-family: 'Times New Roman';"> and intangible assets of the Company and its subsidiaries are located in Brazil, except those related to Oxiteno&#8217; plants abroad, </font><font style="font-family: 'Times New Roman';">which were reclassified to assets of subsidiaries held for sale on December 31, 202</font><font style="font-family: 'Times New Roman';">1, </font><font style="font-family: 'Times New Roman';">for further details see </font><font style="font-family: 'Times New Roman';">N</font><font style="font-family: 'Times New Roman';">ote 3.b,</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">as shown below:</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%;" width="100%">

<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2021</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2020</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 75%; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">United States of America</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 12%; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1%; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 12%; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 1,152,876</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Mexico</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 163,042</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Uruguay</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 90,347</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 1,406,265</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The </font><font style="font-family: 'Times New Roman';">subsidiaries</font><font style="font-family: 'Times New Roman';"> generate revenue from operations in Brazil, as well as from exports of products to foreign customers, as disclosed below:</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2021</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2020</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Restated (i)</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 75%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Net revenue from sale and services:</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 12%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 12%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Brazil</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 109,598,146</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 73,941,162</font></p>
</td>
</tr>
<tr style="height: 15pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Other Latin American countries</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 69,523</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 45,356</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">United States of America and Canada</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 35,279</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 29,935</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Europe</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 18,876</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 34,460</font></p>
</td>
</tr>
<tr style="height: 15pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Others</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 11,018</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 7,143</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Total</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 109,732,842</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 74,058,056</font></p>
</td>
</tr>

</table>
<p style="margin: 2pt 0pt 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 2pt 0pt 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><font style="font-size: 8pt;"><font style="font-size: 9pt;"><sub><font style="font-family: 'Times New Roman'; vertical-align: super;">(i)</font></sub></font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">For further information s</font><font style="font-family: 'Times New Roman';">ee</font><font style="font-family: TimesNewRoman;"> </font><font style="font-family: TimesNewRoman;">N</font><font style="font-family: TimesNewRoman;">ote 3.c.3</font><font style="font-family: 'Times New Roman';">.</font></font></p>
</div>
<p style="margin: 2pt 0pt 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><br></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>127</font></font></td>
</tr>

</table>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
</div>
</div><div style="font-family: 'times new roman', times; font-size: 10pt;">
<div>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; font-size: 5px;"><br></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; font-size: 5px;"><br></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;"><font style="font-style: italic;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
<h1 style="margin: 0pt 0pt 0pt; page-break-after: avoid;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">34</font><font style="font-family: 'Times New Roman'; font-weight: bold;">. </font><font style="font-family: 'Times New Roman'; font-weight: bold;">Risks and </font><font style="font-family: 'Times New Roman'; font-weight: bold;">f</font><font style="font-family: 'Times New Roman'; font-weight: bold;">inancial </font><font style="font-family: 'Times New Roman'; font-weight: bold;">i</font><font style="font-family: 'Times New Roman'; font-weight: bold;">nstruments (Consolidated)</font></font></h1>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">a. </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">Risk </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">m</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">anagement and </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">f</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">inancial </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">i</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">nstruments &#8211; </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">g</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">overnance</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">The main risks to which the Company and its subsidiaries are exposed reflect strategic/operational and economic/financial aspects. Operational/strategic risks (including, but not limited to, demand behavior, competition, technological innovation, and material changes in the industry structure) are addressed by the Company&#8217;s management model. Economic/financial risks primarily reflect default of customers, behavior of macroeconomic variables, such as exchange and interest rates, as well as the characteristics of the financial instruments used by the Company and its subsidiaries and their counterparties. These risks are managed through control policies, specific strategies, and the establishment of limits.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The Company has a policy for the management of resources, financial instruments</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> and risks approved by its </font><font style="font-family: 'Times New Roman';">C</font><font style="font-family: 'Times New Roman';">ompany&#8217;s Board of Directors</font><font style="font-family: 'Times New Roman';"> (&#8220;Policy&#8221;). In accordance with the Policy, the main objectives of financial management are to preserve the value and liquidity of financial assets and ensure financial resources for the development of the business, including expansions. The main financial risks considered in the Policy are </font><font style="font-family: 'Times New Roman';">market </font><font style="font-family: 'Times New Roman';">risks </font><font style="font-family: 'Times New Roman';">(</font><font style="font-family: 'Times New Roman';">currencies, interest rates</font><font style="font-family: 'Times New Roman';"> and commodities)</font><font style="font-family: 'Times New Roman';">, liquidity and </font><font style="font-family: 'Times New Roman';">credit. </font><font style="font-family: 'Times New Roman';">The g</font><font style="font-family: 'Times New Roman';">overnance of the management of financial risks follows the segregation of duties below:</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">The execution of the Policy has done by corporate financial board, through its treasury department, with the assistance of the accounting, legal and tax departments.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The monitoring of compliance of the Policy and possible issues is the responsibility of the Risk and Investment Committee, (&#8220;Committee&#8221;), which is composed of CFO, Treasury Director, Controller and other directors designated by the CFO</font><font style="font-family: 'Times New Roman';"> and which meet</font><font style="font-family: 'Times New Roman';"> quarte</font><font style="font-family: 'Times New Roman';">r</font><font style="font-family: 'Times New Roman';">ly</font><font style="font-family: 'Times New Roman';">. The monthly monitoring of Policy</font><font style="font-family: 'Times New Roman';"> standards</font><font style="font-family: 'Times New Roman';"> is responsibility of the CFO</font><font style="font-family: 'Times New Roman';">.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Approval of the Policy and the periodic </font><font style="font-family: 'Times New Roman';">assessment</font><font style="font-family: 'Times New Roman';"> of Company exposure to financial risks are subject to the approval of the C</font><font style="font-family: 'Times New Roman';">ompany&#8217;s Board of Directors </font><font style="font-family: 'Times New Roman';">of Ultrapar.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The Audit and Risks Committee advises the C</font><font style="font-family: 'Times New Roman';">ompany&#8217;s Board of Directors</font><font style="font-family: 'Times New Roman';"> in the assessment of controls, management and exposure of financial risks and revision of Policy. The Risk, Compliance and Audit board monitors of standards compliance of the Policy and reports to the Audit and Risks Committee the risks exposure and compliance or noncompliance of the Policy.</font></font></p>
</div>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>128</font></font></td>
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</table>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0pt 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultrapar&nbsp;Participa&#231;&#245;es&nbsp;S.A. and Subsidiaries</font></p>
<p style="margin: 0pt 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; text-align: justify; font-size: 5pt;"><font style="font-family: 'Times New Roman';">&nbsp;</font></p>
<p style="margin: 0pt 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Notes to the Parent</font><font style="font-family: 'Times New Roman';">&#8217;s Separate</font><font style="font-family: 'Times New Roman';">&nbsp;and Consolidated&nbsp;</font><font style="font-family: 'Times New Roman';">Financial&nbsp;</font><font style="font-family: 'Times New Roman';">statements</font></font></p>
<p style="margin: 0pt 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; text-align: justify; font-size: 5pt;"><font style="font-family: 'Times New Roman';">&nbsp;</font></p>
<p style="margin: 0pt 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; text-align: justify; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-size: 10pt;">(In thousands of Brazilian&nbsp;Reais, unless otherwise stated)</font></p>
<p style="margin: 0pt 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; text-align: justify; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-size: 10pt;"><br></font></p>
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">b. </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">Currency </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">r</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">isk</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Most transactions of the Company</font><font style="font-family: 'Times New Roman';">, through </font><font style="font-family: 'Times New Roman';">its subsidiaries</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">are located in Brazil and therefore, the reference currency for risk management is the Brazilian Real. Currency risk management is guided by neutrality of currency exposures and considers the risks of the Company and its subsidiaries and their exposure to changes in exchange rates. The Company considers as its main currency exposures the</font><font style="font-family: 'Times New Roman';"> changes in</font><font style="font-family: 'Times New Roman';"> assets and liabilities in foreign currency.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The Company and its subsidiaries use exchange rate hedging instruments (especially between the Brazilian Real and the U.S. dollar) available in the financial market to protect their assets, liabilities, receipts</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> and disbursements in foreign currency</font><font style="font-family: 'Times New Roman';"> and net investment</font><font style="font-family: 'Times New Roman';">s</font><font style="font-family: 'Times New Roman';"> in foreign operation</font><font style="font-family: 'Times New Roman';">s</font><font style="font-family: 'Times New Roman';">.</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">Hedge is used </font><font style="font-family: 'Times New Roman';">in order to reduce the effects of changes in exchange rates on </font><font style="font-family: 'Times New Roman';">the Company&#180;s income </font><font style="font-family: 'Times New Roman';">and cash flows in Brazilian Reais within the exposure limits under its Policy. Such foreign exchange hedging instruments have amounts, periods, and rates substantially equivalent to those of assets, liabilities, receipts</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> and disbursements in foreign currenc</font><font style="font-family: 'Times New Roman';">ies</font><font style="font-family: 'Times New Roman';"> to which they are related. </font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Assets and liabilities in foreign currencies are stated below, translated into Brazilian Reais:</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">b.1 </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">Assets and </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">l</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">iabilities in </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">f</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">oreign </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">c</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">urrencies</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2021</font></p>
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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2020</font></p>
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<tr style="height: 14px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Assets in foreign currency</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 22px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 22px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Cash, cash equivalents and financial investments in foreign currency (except hedging instruments)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 22px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 122,242</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 22px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 22px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 1,413,276</font></p>
</td>
</tr>
<tr style="height: 29px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Foreign trade receivables, net of loss allowance for expected credit losses and advances to foreign customers</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 1,324</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 307,829</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Other assets</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 186,548</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 1,767,626</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Asset exposure from subsidiaries held for sale</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 3,839,194</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom: 2.8pt double #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 4,149,308</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom: 2.8pt double #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 3,488,731</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Liabilities in foreign currency</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Financing in foreign currency, gross of transaction costs and discount</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(8,860,833)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(9,246,707)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Payables arising from imports, net of advances to foreign suppliers</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(649,107)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(633,013)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Liabilities exposure from subsidiaries held for sale</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(884,402)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(10,394,342)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(9,879,720)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Foreign currency hedging instruments</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 2,933,572</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 4,837,554</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Foreign currency hedging instruments from subsidiaries held for sale</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 1,786,471</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Net liability position &#8211; total</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom: 2.8pt double #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,524,991)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom: 2.8pt double #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,553,435)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Net (liability) asset position &#8211; income statement effect</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(498,604)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">186,306</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Net liability position &#8211; equity effect from subsidiaries held for sale</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,026,387)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,739,741)</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><br></p>
</div>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>129</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0pt; text-align: justify;"><br></p>
<p style="margin: 0pt 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultrapar&nbsp;Participa&#231;&#245;es&nbsp;S.A. and Subsidiaries</font></p>
<p style="margin: 0pt 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; text-align: justify; font-size: 5pt;"><font style="font-family: 'Times New Roman';">&nbsp;</font></p>
<p style="margin: 0pt 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Notes to the Parent</font><font style="font-family: 'Times New Roman';">&#8217;s Separate</font><font style="font-family: 'Times New Roman';">&nbsp;and Consolidated&nbsp;</font><font style="font-family: 'Times New Roman';">Financial&nbsp;</font><font style="font-family: 'Times New Roman';">statements</font></font></p>
<p style="margin: 0pt 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; text-align: justify; font-size: 5pt;"><font style="font-family: 'Times New Roman';">&nbsp;</font></p>
<p style="margin: 0pt 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; text-align: justify; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-size: 10pt;">(In thousands of Brazilian&nbsp;Reais, unless otherwise stated)</font></p>
<p style="margin: 0pt 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; text-align: justify; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-size: 10pt;"><br></font></p>
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">b.2 </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">Sensitivity </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">a</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">nalysis of </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">a</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">ssets and </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">l</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">iabilities in </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">f</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">oreign </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">c</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">urrency</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">For the base s</font><font style="font-family: 'Times New Roman';">cenario</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">future market curves as of December 31, 2021 were used</font><font style="font-family: 'Times New Roman';"> applied </font><font style="font-family: 'Times New Roman';">on</font><font style="font-family: 'Times New Roman';"> the net position of the Company exposed to the currency risk, simulating the effects of appreciation and devaluation of the Real in the income statement</font><font style="font-family: 'Times New Roman';">, impacted by the average U.S. dollar of R$ 5.6514 on December 31,2021.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The table below shows the effect</font><font style="font-family: 'Times New Roman';">s</font><font style="font-family: 'Times New Roman';"> of exchange rate changes</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">o</font><font style="font-family: 'Times New Roman';">n</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">the net </font><font style="font-family: 'Times New Roman';">liability</font><font style="font-family: 'Times New Roman';"> position</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">of </font><font style="font-family: 'Times New Roman';">R</font><font style="font-family: 'Times New Roman';">$ </font><font style="font-family: 'Times New Roman';">1,524,</font><font style="font-family: 'Times New Roman';">991</font><font style="font-family: 'Times New Roman';"> in</font><font style="font-family: 'Times New Roman';"> foreign</font><font style="font-family: 'Times New Roman';"> currency</font><font style="font-family: 'Times New Roman';"> as of </font><font style="font-family: 'Times New Roman';">December</font><font style="font-family: 'Times New Roman';"> 3</font><font style="font-family: 'Times New Roman';">1</font><font style="font-family: 'Times New Roman';">, 20</font><font style="font-family: 'Times New Roman';">2</font><font style="font-family: 'Times New Roman';">1</font><font style="font-family: 'Times New Roman';">:</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 104px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 74.4853%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 13.799%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Risk</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 11.7157%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Scenario</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 74.4853%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 13.799%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 11.7157%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Base</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 74.4853%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Income statement effect</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 13.799%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Real devaluation</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 11.7157%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(25,230)</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; width: 74.4853%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; width: 13.799%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Net effect</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; height: 18px; width: 11.7157%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(25,230)</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px; width: 74.4853%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Income statement effect</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px; width: 13.799%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Real appreciation</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px; width: 11.7157%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">25,230</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 74.4853%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 13.799%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Net effect</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 2.8pt double #000000; width: 11.7157%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">25,230</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">c. </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">Interest </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">r</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">ate </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">r</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">isk</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The Company and its subsidiaries adopt policies for borrowing and investing financial resources and for capital cost minimization. The financial investments of the Company and its subsidiaries are primarily held in transactions linked to the DI, as set forth in Note </font><font style="font-family: 'Times New Roman';">5</font><font style="font-family: 'Times New Roman';">. Borrowings primarily relate to financing from Banco do Bra</font><font style="font-family: 'Times New Roman';">s</font><font style="font-family: 'Times New Roman';">il, </font><font style="font-family: 'Times New Roman';">as well as </font><font style="font-family: 'Times New Roman';">debentures and borrowings in foreign currency, as shown in Note </font><font style="font-family: 'Times New Roman';">17</font><font style="font-family: 'Times New Roman';">.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The Company attempts to maintain </font><font style="font-family: 'Times New Roman';">most of </font><font style="font-family: 'Times New Roman';">its financial interest assets and liabilities at floating rates.</font></font></p>
</div>
<p style="margin: 0pt; text-align: justify;"><br></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>130</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<p style="margin: 0pt 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"><br></font></p>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0pt 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultrapar&nbsp;Participa&#231;&#245;es&nbsp;S.A. and Subsidiaries</font></p>
<p style="margin: 0pt 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; text-align: justify; font-size: 5pt;"><font style="font-family: 'Times New Roman';">&nbsp;</font></p>
<p style="margin: 0pt 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Notes to the Parent</font><font style="font-family: 'Times New Roman';">&#8217;s Separate</font><font style="font-family: 'Times New Roman';">&nbsp;and Consolidated&nbsp;</font><font style="font-family: 'Times New Roman';">Financial&nbsp;</font><font style="font-family: 'Times New Roman';">statements</font></font></p>
<p style="margin: 0pt 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; text-align: justify; font-size: 5pt;"><font style="font-family: 'Times New Roman';">&nbsp;</font></p>
<p style="margin: 0pt 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; text-align: justify; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-size: 10pt;">(In thousands of Brazilian&nbsp;Reais, unless otherwise stated)</font></p>
<p style="margin: 0pt 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; text-align: justify; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-size: 10pt;"><br></font></p>
<p style="font-size: 11pt; line-height: 115%; margin: 2pt 0pt 10pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold;">c.1 Assets and liabilities exposed to floating interest rates</font><br></p>
<p style="margin: 0pt; text-align: justify;"><br></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">T</font><font style="font-family: 'Times New Roman';">he financial assets and liabilities exposed to floating interest rates</font><font style="font-family: 'Times New Roman';"> are demonstrated below:</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 294px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Note</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2021</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2020</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 65%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">DI</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 12%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 12%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Cash equivalents</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5.a</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,943,164</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,241,852</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Financial investments</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5.b</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,607,608</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,749,852</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Loans and debentures</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">17.a</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(4,855,517)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(6,947,362)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Liability position of foreign exchange hedging instruments &#8211; DI</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">34.g</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2,283,625)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2,124,146)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Liability position of fixed interest instruments + IPCA &#8211; DI</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">34.g</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2,364,583)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2,203,705)</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Net liability position in DI</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(5,952,953)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(5,283,509)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">TJLP</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Loans &#8211; TJLP</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">17.a</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(326)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(29,803)</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Net liability position in TJLP</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(326)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(29,803)</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 1.5pt double #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 1.5pt double #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">LIBOR</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Asset position of foreign exchange hedging instruments &#8211; LIBOR</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">34.g</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">279,047</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">260,958</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Loans &#8211; LIBOR</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">17.a</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(275,936)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(573,484)</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Net liability position in LIBOR</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,111</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(312,526)</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Total net liability position exposed to floating interest</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(5,950,168)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(5,625,838)</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</div>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>131</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<p style="margin: 0pt; text-align: justify;"><br></p>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0pt 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultrapar&nbsp;Participa&#231;&#245;es&nbsp;S.A. and Subsidiaries</font></p>
<p style="margin: 0pt 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; text-align: justify; font-size: 5pt;"><font style="font-family: 'Times New Roman';">&nbsp;</font></p>
<p style="margin: 0pt 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Notes to the Parent</font><font style="font-family: 'Times New Roman';">&#8217;s Separate</font><font style="font-family: 'Times New Roman';">&nbsp;and Consolidated&nbsp;</font><font style="font-family: 'Times New Roman';">Financial&nbsp;</font><font style="font-family: 'Times New Roman';">statements</font></font></p>
<p style="margin: 0pt 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; text-align: justify; font-size: 5pt;"><font style="font-family: 'Times New Roman';">&nbsp;</font></p>
<p style="margin: 0pt 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; text-align: justify; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-size: 10pt;">(In thousands of Brazilian&nbsp;Reais, unless otherwise stated)</font></p>
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;"><br></font></font></p>
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">c.</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">2</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;"> </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">Sensitivity </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">a</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">nalysis of </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">f</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">loating </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">i</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">nterest </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">r</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">ate </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">r</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">isk</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">For</font><font style="font-family: 'Times New Roman';"> sensitivity analysis of floating interest rate risk</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> in December 31, 2021</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">the Company used the</font><font style="font-family: 'Times New Roman';"> market curves</font><font style="font-family: 'Times New Roman';"> of the reference indexes (DI, TJLP, LIBOR and SELIC) as a base scenario. </font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The tables below show the incremental expenses and income that would be recognized in financ</font><font style="font-family: 'Times New Roman';">e</font><font style="font-family: 'Times New Roman';"> income,</font><font style="font-family: 'Times New Roman';"> if the market curves of</font><font style="font-family: 'Times New Roman';"> floating interest at the base date were applied to the average balances of the current year,</font><font style="font-family: 'Times New Roman';"> due to the effect of floating interest rate.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 231px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 69.4853%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 16.4216%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 13.9706%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2021</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 69.4853%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 16.4216%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Risk</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; width: 13.9706%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Scenario</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 69.4853%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 16.4216%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; width: 13.9706%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Base</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 69.4853%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; text-decoration: underline;">Exposure of interest rate risk</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 16.4216%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff; width: 13.9706%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 69.4853%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 16.4216%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; width: 13.9706%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 69.4853%;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Interest effect on cash equivalents and financial </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 16.4216%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Increase in DI</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; background-color: #cceeff; width: 13.9706%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">153,160</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 69.4853%;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Interest effect on debt in DI</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 16.4216%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Increase in DI</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; width: 13.9706%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(360,652)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 69.4853%;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Interest rate hedging instruments (liabilities in DI) effect</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 16.4216%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Increase in DI</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 13.9706%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(221,157)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 69.4853%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Incremental expenses</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 16.4216%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 2.8pt double #000000; width: 13.9706%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(428,649)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 69.4853%;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Interest effect on debt in TJLP</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 16.4216%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Increase in TJLP</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 13.9706%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(7)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 69.4853%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Incremental expenses</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 16.4216%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 2.8pt double #000000; width: 13.9706%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(7)</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 69.4853%;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Foreign exchange hedging instruments (assets in LIBOR) effect</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 16.4216%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Increase in LIBOR</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 13.9706%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">11</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 69.4853%;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Interest effect on debt in LIBOR</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 16.4216%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Increase in LIBOR</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 13.9706%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(94)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 69.4853%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Incremental expenses</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 16.4216%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 2.8pt double #000000; background-color: #cceeff; width: 13.9706%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(83)</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">d. </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">Credit </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">r</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">isks</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The financial instruments that would expose the Company and its subsidiaries to credit risks of the counterparty are basically represented by cash and bank deposits, financial investments, hedging instruments</font><font style="font-family: 'Times New Roman';"> (see Note </font><font style="font-family: 'Times New Roman';">5</font><font style="font-family: 'Times New Roman';">)</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> and trade receivables</font><font style="font-family: 'Times New Roman';"> (see Note </font><font style="font-family: 'Times New Roman';">6</font><font style="font-family: 'Times New Roman';">)</font><font style="font-family: 'Times New Roman';">.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">d.1 </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">Credit risk of financial institutions </font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Such risk results from the inability of financial institutions to comply with their financial obligations to the Company and its subsidiaries due to insolvency. The Company and its subsidiaries regularly conduct a credit review of the institutions with which they hold cash and cash equivalents, financial investments, and hedging instruments through various methodologies that assess liquidity, solvency, leverage, portfolio quality, etc. Cash and cash equivalents, financial investments, and hedging instruments are held only with institutions with a solid credit history, chosen for safety and soundness. The volume of cash and cash equivalents, financial investments</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> and hedging instruments are subject to maximum limits by </font><font style="font-family: 'Times New Roman';">each </font><font style="font-family: 'Times New Roman';">institution and, therefore, require diversification of counterpart</font><font style="font-family: 'Times New Roman';">ies</font><font style="font-family: 'Times New Roman';">.</font></font></p>
</div>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>132</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0pt 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultrapar&nbsp;Participa&#231;&#245;es&nbsp;S.A. and Subsidiaries</font></p>
<p style="margin: 0pt 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; text-align: justify; font-size: 5pt;"><font style="font-family: 'Times New Roman';">&nbsp;</font></p>
<p style="margin: 0pt 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Notes to the Parent</font><font style="font-family: 'Times New Roman';">&#8217;s Separate</font><font style="font-family: 'Times New Roman';">&nbsp;and Consolidated&nbsp;</font><font style="font-family: 'Times New Roman';">Financial&nbsp;</font><font style="font-family: 'Times New Roman';">statements</font></font></p>
<p style="margin: 0pt 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; text-align: justify; font-size: 5pt;"><font style="font-family: 'Times New Roman';">&nbsp;</font></p>
<p style="margin: 0pt 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; text-align: justify; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-size: 10pt;">(In thousands of Brazilian&nbsp;Reais, unless otherwise stated)</font><font style="font-family: 'Times New Roman'; font-style: italic; font-size: 10pt;"></font><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">d.2 </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">Government credit risk</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The Company's policy allows investments in government securities from countries classified as investment grade AAA or </font><font style="font-family: 'Times New Roman';">a</font><font style="font-family: 'Times New Roman';">aa by specialized credit rating agencies</font><font style="font-family: 'Times New Roman';"> (S&amp;P, Moody&#8217;s and Fitch)</font><font style="font-family: 'Times New Roman';"> and in Brazilian government bonds. The volume of such financial investments is subject to maximum limits by each country and, therefore, requires diversification of counterparties.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The credit risk of </font><font style="font-family: 'Times New Roman';">financial institution and government of </font><font style="font-family: 'Times New Roman';">cash, cash equivalents and financial investments is summarized below:</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td colspan="3" style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Fair value</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Counterparty credit rating</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2021</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2020</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 78%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">AAA</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 1%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,606,000</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; width: 1%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">8,190,428</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">AA</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">740,879</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">317,894</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">A</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">116,594</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">163,838</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Total</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,463,473</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">8,672,160</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">d.3 </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">Customer credit risk</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The credit policy establishes the analysis of the profile of each new customer</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> individually</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> regarding their financial condition. The review carried out by the subsidiaries of the Company includes the evaluation of external ratings, when available, </font><font style="font-family: 'Times New Roman';">f</font><font style="font-family: 'Times New Roman';">inancial </font><font style="font-family: 'Times New Roman';">statements</font><font style="font-family: 'Times New Roman';">, credit bureau information, industry information and, when necessary, bank references. Credit limits are established for each customer and reviewed periodically, in a shorter period the greater the risk, depending on the approval of the responsible area in cases of sales that exceed these limits.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">In monitoring credit risk, customers are grouped according to their credit characteristics and depending on the business the grouping takes into account, for example, whether they are natural or legal clients, whether they are wholesalers, resellers or final customers, considering also </font><font style="font-family: 'Times New Roman';">the</font><font style="font-family: 'Times New Roman';"> geographic area.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The </font><font style="font-family: 'Times New Roman';">expected</font><font style="font-family: 'Times New Roman';"> of credit loss</font><font style="font-family: 'Times New Roman';">es</font><font style="font-family: 'Times New Roman';"> are calculated </font><font style="font-family: 'Times New Roman';">by </font><font style="font-family: 'Times New Roman';">the </font><font style="font-family: 'Times New Roman';">expected loss ap</font><font style="font-family: 'Times New Roman';">p</font><font style="font-family: 'Times New Roman';">roach</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">based on the probability of default</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">rates. Loss rates are calculated on the basis of the average probability of a receivable amount to advance through successive stages of default until full write-off</font><font style="font-family: 'Times New Roman';">. The</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">probability of default</font><font style="font-family: 'Times New Roman';"> calculation takes into account a credit risk score for each exposure</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> based on data considered to be capable of fores</font><font style="font-family: 'Times New Roman';">eeing</font><font style="font-family: 'Times New Roman';"> the risk of loss (external classifications, audited </font><font style="font-family: 'Times New Roman';">f</font><font style="font-family: 'Times New Roman';">inancial </font><font style="font-family: 'Times New Roman';">statements</font><font style="font-family: 'Times New Roman';">, cash flow projections, customer information available in the press, for example), with addition of the credit assessment based on experience.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Such </font><font style="font-family: 'Times New Roman';">credit </font><font style="font-family: 'Times New Roman';">risks are managed by each business unit through specific criteria for acceptance of customers and </font><font style="font-family: 'Times New Roman';">their </font><font style="font-family: 'Times New Roman';">credit rating and are additionally mitigated by </font><font style="font-family: 'Times New Roman';">the </font><font style="font-family: 'Times New Roman';">diversification of sales. No single customer or group accounts for more than 10% of total revenue.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">The subsidiaries of the Company request guarantees related to trade receivables and other receivables in specific situations to customers, but these guarantees don&#8217;t influence in the calculation of risk of loss.</font></p>
</div>
<p style="margin: 0pt; text-align: justify;"><br></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>133</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0pt 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultrapar&nbsp;Participa&#231;&#245;es&nbsp;S.A. and Subsidiaries</font></p>
<p style="margin: 0pt 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; text-align: justify; font-size: 5pt;"><font style="font-family: 'Times New Roman';">&nbsp;</font></p>
<p style="margin: 0pt 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Notes to the Parent</font><font style="font-family: 'Times New Roman';">&#8217;s Separate</font><font style="font-family: 'Times New Roman';">&nbsp;and Consolidated&nbsp;</font><font style="font-family: 'Times New Roman';">Financial&nbsp;</font><font style="font-family: 'Times New Roman';">statements</font></font></p>
<p style="margin: 0pt 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; text-align: justify; font-size: 5pt;"><font style="font-family: 'Times New Roman';">&nbsp;</font></p>
<p style="margin: 0pt 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; text-align: justify; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-size: 10pt;">(In thousands of Brazilian&nbsp;Reais, unless otherwise stated)</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The subsidiaries of the Company maintained the following </font><font style="font-family: 'Times New Roman';">loss allowance for expected credit losses</font><font style="font-family: 'Times New Roman';"> balances on trade receivables:</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 119px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2021</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2020</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 79%; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ipiranga</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 10%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">422,542</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 10%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">447,389</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultragaz</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">135,565</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">113,621</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Oxiteno (*)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">16,430</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Extrafarma (*)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">73</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultracargo</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,526</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,594</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Total</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">559,633</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">579,107</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">(*) On December 31, 2021 the balances were reclassified to assets of subsidiaries held for sale.</font></p>
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 8pt;"><br></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The table below presents information about credit risk exposure</font><font style="font-family: 'Times New Roman';">, resulting from the additions of the balances of trade receivables and reseller financing:</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 147px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td colspan="5" style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2021</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td colspan="5" style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2020</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 35%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 10%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Weighted average rate of losses</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 1%; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 10%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Accounting balance</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 1%; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 10%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Provision for losses</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 1%; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 10%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Weighted average rate of losses</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 1%; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 10%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Accounting balance</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 1%; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 10%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Provision for losses</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Current</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">0.6%</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,901,536</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">23,476</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1.2%</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,751,067</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">44,091</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">less than 30 days</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">7.3%</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">109,284</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">8,005</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2.2%</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">134,836</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,939</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">31-60 days</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">20.4%</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">57,545</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">11,746</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">8.2%</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">43,207</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,563</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">61-90 days</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">23.0%</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">39,177</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">9,016</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">10.9%</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">42,589</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,630</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">91-180 days</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">49.1%</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">50,588</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">24,818</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">36.8%</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">76,158</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">28,062</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">more than 180 days</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">57.5%</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">838,532</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">482,572</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">55.7%</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">890,756</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">495,822</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,996,662</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">559,633</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,938,613</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">579,107</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The information about </font><font style="font-family: 'Times New Roman';">loss allowance for expected credit losses</font><font style="font-family: 'Times New Roman';"> balances by geographic area are as follows:</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 137px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 79%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 10%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2021</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 1%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 10%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2020</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Brazil </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">559,532</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">568,461</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">United States of America and Canada</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,146</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Other Latin America countries</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">15</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">271</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Europe</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">66</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">9,120</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Others</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">17</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">109</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">559,633</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">579,107</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">For </font><font style="font-family: 'Times New Roman';">more</font><font style="font-family: 'Times New Roman';"> information about the allowance for </font><font style="font-family: 'Times New Roman';">loss allowance for expected credit losses</font><font style="font-family: 'Times New Roman';">, see Notes</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">6</font><font style="font-family: 'Times New Roman';">.a and </font><font style="font-family: 'Times New Roman';">6</font><font style="font-family: 'Times New Roman';">.b.</font></font></p>
</div>
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>134</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
</div>
<div style="width: 8.5in; margin: 0 auto;">
<p><br></p>
<div>
<p style="margin: 0pt 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultrapar&nbsp;Participa&#231;&#245;es&nbsp;S.A. and Subsidiaries</font></p>
<p style="margin: 0pt 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; text-align: justify; font-size: 5pt;"><font style="font-family: 'Times New Roman';">&nbsp;</font></p>
<p style="margin: 0pt 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Notes to the Parent</font><font style="font-family: 'Times New Roman';">&#8217;s Separate</font><font style="font-family: 'Times New Roman';">&nbsp;and Consolidated&nbsp;</font><font style="font-family: 'Times New Roman';">Financial&nbsp;</font><font style="font-family: 'Times New Roman';">statements</font></font></p>
<p style="margin: 0pt 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; text-align: justify; font-size: 5pt;"><font style="font-family: 'Times New Roman';">&nbsp;</font></p>
<p style="margin: 0pt 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; text-align: justify; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-size: 10pt;">(In thousands of Brazilian&nbsp;Reais, unless otherwise stated)</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold;">d.4 Price risk</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The Company and its subsidiaries are exposed to commodity price risk, </font><font style="font-family: 'Times New Roman';">due</font><font style="font-family: 'Times New Roman';"> the fluctuation in prices for diesel and gasoline</font><font style="font-family: 'Times New Roman';">, among others</font><font style="font-family: 'Times New Roman';">.</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">These </font><font style="font-family: 'Times New Roman';">products</font><font style="font-family: 'Times New Roman';"> are traded on the stock exchange and are subject</font><font style="font-family: 'Times New Roman';">ed</font><font style="font-family: 'Times New Roman';"> to the impacts of macroeconomic and geopolitical factors outside the control of the Company and its subsidiaries.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">To mitigate th</font><font style="font-family: 'Times New Roman';">e</font><font style="font-family: 'Times New Roman';"> risk</font><font style="font-family: 'Times New Roman';"> of the fluctuation of diesel and gasoline prices</font><font style="font-family: 'Times New Roman';">, the Company and its subsidiaries permanently monitor the market, seeking to protect</font><font style="font-family: 'Times New Roman';">ion</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">of </font><font style="font-family: 'Times New Roman';">price movements through hedge transactions for cargo purchased in the international market</font><font style="font-family: 'Times New Roman';">, used contracts of derivative </font><font style="font-family: 'Times New Roman';">for heating oil (diesel)</font><font style="font-family: 'Times New Roman';"> and RBOB (gas</font><font style="font-family: 'Times New Roman';">oline</font><font style="font-family: 'Times New Roman';">)</font><font style="font-family: 'Times New Roman';"> traded on the stock exchange</font><font style="font-family: 'Times New Roman';">.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The table below shows the positions of derivative financial instruments to hedge commodity price risk at </font><font style="font-family: 'Times New Roman';">December</font><font style="font-family: 'Times New Roman';"> 3</font><font style="font-family: 'Times New Roman';">1</font><font style="font-family: 'Times New Roman';">, 202</font><font style="font-family: 'Times New Roman';">1</font><font style="font-family: 'Times New Roman';">:</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 95px;" width="100%">

<tr style="height: 34px;">
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Derivative</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 34px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td colspan="5" style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Contract</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 34px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td colspan="3" style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Notional amount (m</font><font style="font-family: 'Times New Roman'; font-weight: bold; vertical-align: super;">3</font><font style="font-family: 'Times New Roman'; font-weight: bold;">)</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 34px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td colspan="3" style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Notional amount (USD thousands)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 34px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td colspan="3" style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Fair value (R$ thousands)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; width: 28%; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; width: 1%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; width: 7%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Position</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; width: 1%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; width: 7%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Product</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; width: 1%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; width: 7%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Maturity</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; width: 1%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; width: 7%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2021</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; width: 1%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; width: 7%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; width: 1%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; width: 7%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2021</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; width: 1%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; width: 7%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; width: 1%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; width: 7%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2021</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; width: 1%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; width: 7%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2020</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Term</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Sold</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Heating Oil</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">jan-22</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">167,255</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">108,429</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">103,148</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">42,399</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,269</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(563)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Term</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Sold</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">RBOB</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">jan-22</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">29,413</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">17,112</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(967)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,302</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(563)</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</div>
</div>
<div>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>135</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
</div>
<div style="width: 8.5in; margin: 0 auto;">
<p><br></p>
<div>
<p style="margin: 0pt 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultrapar&nbsp;Participa&#231;&#245;es&nbsp;S.A. and Subsidiaries</font></p>
<p style="margin: 0pt 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; text-align: justify; font-size: 5pt;"><font style="font-family: 'Times New Roman';">&nbsp;</font></p>
<p style="margin: 0pt 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Notes to the Parent</font><font style="font-family: 'Times New Roman';">&#8217;s Separate</font><font style="font-family: 'Times New Roman';">&nbsp;and Consolidated&nbsp;</font><font style="font-family: 'Times New Roman';">Financial&nbsp;</font><font style="font-family: 'Times New Roman';">statements</font></font></p>
<p style="margin: 0pt 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; text-align: justify; font-size: 5pt;"><font style="font-family: 'Times New Roman';">&nbsp;</font></p>
<p style="margin: 0pt 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; text-align: justify; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-size: 10pt;">(In thousands of Brazilian&nbsp;Reais, unless otherwise stated)</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">e. </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">Liquidity </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">r</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">isk</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The Company and its subsidiaries&#8217; main sources of liquidity derive from (i)</font><font style="font-family: 'Times New Roman';">&nbsp;</font><font style="font-family: 'Times New Roman';">cash, cash equivalents</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> and financial investments, (ii)</font><font style="font-family: 'Times New Roman';">&nbsp;</font><font style="font-family: 'Times New Roman';">cash generated from operations and (iii)</font><font style="font-family: 'Times New Roman';">&nbsp;</font><font style="font-family: 'Times New Roman';">financing. The Company and its subsidiaries believe that these sources are sufficient to satisfy their current funding requirements, which include, but are not limited to, working capital, capital expenditures, amortization of debt</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> and payment of dividends.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The Company and its subsidiaries periodically examine opportunities for acquisitions and </font><font style="font-family: 'Times New Roman';">investments. They consider different types of investments, either directly</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> through joint ventures, or </font><font style="font-family: 'Times New Roman';">through </font><font style="font-family: 'Times New Roman';">associated companies, and finance such investments using cash generated from operations, debt financing, through capital increases</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> or through a combination of these methods.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The Company and its subsidiaries believe to have sufficient working capital and sources of financing to meet their current needs</font><font style="font-family: 'Times New Roman';">. T</font><font style="font-family: 'Times New Roman';">he gross indebtedness due over the next twelve months total</font><font style="font-family: 'Times New Roman';">ed</font><font style="font-family: 'Times New Roman';"> R</font><font style="font-family: 'Times New Roman';">$</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">3,</font><font style="font-family: 'Times New Roman';">605,377</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> including estimated interests on loans</font><font style="font-family: 'Times New Roman';"> (for quantitative information, see Note </font><font style="font-family: 'Times New Roman';">17</font><font style="font-family: 'Times New Roman';">.a</font><font style="font-family: 'Times New Roman';">)</font><font style="font-family: 'Times New Roman';">. Furthermore, the </font><font style="font-family: 'Times New Roman';">investments </font><font style="font-family: 'Times New Roman';">realized in</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">20</font><font style="font-family: 'Times New Roman';">2</font><font style="font-family: 'Times New Roman';">1</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">total</font><font style="font-family: 'Times New Roman';">ed</font><font style="font-family: 'Times New Roman';"> R$ 1,8</font><font style="font-family: 'Times New Roman';">83</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">839</font><font style="font-family: 'Times New Roman';">. </font><font style="font-family: 'Times New Roman';">On</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">December</font><font style="font-family: 'Times New Roman';"> 3</font><font style="font-family: 'Times New Roman';">1</font><font style="font-family: 'Times New Roman';">, </font><font style="font-family: 'Times New Roman';">20</font><font style="font-family: 'Times New Roman';">2</font><font style="font-family: 'Times New Roman';">1, the Company and its subsidiaries had R$</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">4,084,196</font><font style="font-family: 'Times New Roman';"> in</font><font style="font-family: 'Times New Roman';"> cash, cash equivalents</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> and short-term financial investments (for quantitative information, see Note </font><font style="font-family: 'Times New Roman';">5</font><font style="font-family: 'Times New Roman';">).</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The table below presents a summary of financial liabilities </font><font style="font-family: 'Times New Roman';">as of </font><font style="font-family: 'Times New Roman';">December</font><font style="font-family: 'Times New Roman';"> 3</font><font style="font-family: 'Times New Roman';">1</font><font style="font-family: 'Times New Roman';">, 20</font><font style="font-family: 'Times New Roman';">2</font><font style="font-family: 'Times New Roman';">1</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">by the Company and its subsidiaries, </font><font style="font-family: 'Times New Roman';">listed </font><font style="font-family: 'Times New Roman';">by maturity. The amounts disclosed in this table are the contractual undiscounted cash outflows, and, therefore, these amounts &#8203;&#8203;</font><font style="font-family: 'Times New Roman';">may </font><font style="font-family: 'Times New Roman';">be different from the amounts disclosed on the balance sheet.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 83px; width: 100%;" width="100%">

<tr style="height: 29px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 29px; width: 40%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Financial liabilities</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 29px; width: 12%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Total</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 29px; width: 12%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Less than 1 year</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 29px; width: 12%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Between 1 and 3 years</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 29px; width: 12%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Between 3 and 5 years</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 29px; width: 12%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">More than 5 years</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Loans including future contractual interest </font><font style="font-family: 'Times New Roman'; vertical-align: super;">(1) (2)</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">19,825,386</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,605,377</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,081,235</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,237,708</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">6,901,066</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Currency and interest rate hedging instruments </font><font style="font-family: 'Times New Roman'; vertical-align: super;">(3)</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">747,861</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">214,846</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">272,208</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">169,274</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">91,533</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Trade payables</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,789,954</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,789,954</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Leases payable</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,145,602</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">304,007</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">505,547</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">370,828</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">965,220</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table style="width: 100%; margin-left: 0.1px; height: 44px; font-family: 'times new roman'; font-size: 10pt;">

<tr style="height: 10px;">
<td style="width: 2%; height: 10px; padding: 1px 1px 10px; vertical-align: top;" valign="top"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 8pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(1)</font></td>
<td style="width: 98%; height: 10px; padding: 1px 1px 10px; vertical-align: top;" valign="top"><font style="font-size: 8pt;"><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">To calculate the estimated interest on loans some macroeconomic assumptions were used, including averag</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">ing</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">&nbsp;for the period</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">&nbsp;the following</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">:</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">&nbsp;</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">(i) DI of&nbsp;</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">11.74</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">%</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">&nbsp;to 202</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">2</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">&nbsp;and&nbsp;</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">10.32</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">%&nbsp;</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">to</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">&nbsp;202</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">3</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">;</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">&nbsp;(ii) exchange rate of the&nbsp;</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">R</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">eal against the U.S. dollar of&nbsp;</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">R$&nbsp;</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">5.75</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">&nbsp;in 2022, R$&nbsp;</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">5.45</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">&nbsp;in 2023, R$&nbsp;</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">5.10</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">&nbsp;</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">in 2024</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">&nbsp;and R$&nbsp;</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">4.90 as from</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">&nbsp;</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">2025</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">;</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">&nbsp;</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">(iii) TJLP of&nbsp;</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">6.08</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">%</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">;</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">&nbsp;</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">(</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">i</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">v) IPCA of&nbsp;</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">5.11</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">% in 202</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">2</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">,&nbsp;</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">3.32</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">%&nbsp;</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">in</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">&nbsp;202</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">3</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">, 3.1% in 2024 and 3.0% as from 2025</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">.</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">&nbsp;</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">(source:</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">&nbsp;</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">B3</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">, Bulletin Focus and financial institutions)</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">.</font></font></td>
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<tr style="height: 17px;">
<td style="height: 17px; padding: 1px 1px 10px; vertical-align: top;" valign="top"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 8pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(2)</font></td>
<td style="height: 17px; padding: 1px 1px 10px; vertical-align: top;" valign="top"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 8pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Includes estimated interest payments on short-term and long-term loans until the payment date.</font></td>
</tr>
<tr style="height: 17px;">
<td style="height: 17px; vertical-align: top;" valign="top"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 8pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(3)</font></td>
<td style="height: 17px; vertical-align: top;" valign="top"><font style="font-size: 8pt;"><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">The currency and interest rate hedging instruments were estimated based on projected U.S dollar futures contracts and the futures curve</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">s</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">&nbsp;of DI x Pre</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">&nbsp;and&nbsp;</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">DI</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">&nbsp;x IPCA</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">&nbsp;contract</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">s</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">&nbsp;quoted on&nbsp;</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">B3</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">&nbsp;</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">on</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">&nbsp;</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">December</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">&nbsp;</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">3</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">1</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">,&nbsp;</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">202</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">1</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">&nbsp;</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">and on the futures curve of LIBOR (</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">ICE&nbsp;</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">&#8211;</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">&nbsp;Intercontinental</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">&nbsp;</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">Exchange</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">)</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">&nbsp;and commodities heating oil</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">&nbsp;</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">contracts quoted on&nbsp;</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">New York Mercantile Exchange</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">&nbsp;</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">(&#8220;NYMEX&#8221;)</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">&nbsp;</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">on</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">&nbsp;</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">December</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">&nbsp;3</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">1</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">,&nbsp;</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">202</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">1</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">. In the table above, only the hedging instruments with negative result</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">s</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">&nbsp;at the time of settlement were considered.</font></font></td>
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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>136</font></font></td>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
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<p style="margin: 0pt; text-align: justify;"><br></p>
<p style="margin: 0pt 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultrapar&nbsp;Participa&#231;&#245;es&nbsp;S.A. and Subsidiaries</font></p>
<p style="margin: 0pt 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; text-align: justify; font-size: 5pt;"><font style="font-family: 'Times New Roman';">&nbsp;</font></p>
<p style="margin: 0pt 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Notes to the Parent</font><font style="font-family: 'Times New Roman';">&#8217;s Separate</font><font style="font-family: 'Times New Roman';">&nbsp;and Consolidated&nbsp;</font><font style="font-family: 'Times New Roman';">Financial&nbsp;</font><font style="font-family: 'Times New Roman';">statements</font></font></p>
<p style="margin: 0pt 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; text-align: justify; font-size: 5pt;"><font style="font-family: 'Times New Roman';">&nbsp;</font></p>
<p style="margin: 0pt 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; text-align: justify; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-size: 10pt;">(In thousands of Brazilian&nbsp;Reais, unless otherwise stated)</font></p>
<p style="margin: 0pt; text-align: justify;"><br></p>
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">f. </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">Capital </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">m</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">anagement</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The Company manages its capital structure based on indicators and benchmarks. The key performance indicators related to the capital structure management are the weighted average cost of capital, net debt / EBITDA, interest coverage</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> and indebtedness / equity ratios. Net debt is composed of cash, cash equivalents</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> and financial investments (see Note </font><font style="font-family: 'Times New Roman';">5</font><font style="font-family: 'Times New Roman';">) and loans, including debentures (see Note </font><font style="font-family: 'Times New Roman';">17</font><font style="font-family: 'Times New Roman';">). The Company can change its capital structure depending on the economic and financial conditions, in order to optimize its financial leverage and capital management. The Company seeks to improve its return on </font><font style="font-family: 'Times New Roman';">invested </font><font style="font-family: 'Times New Roman';">capital by implementing efficient working capital management and a selective investment program.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">g. </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">Selection and </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">u</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">se of </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">f</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">inancial </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">i</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">nstruments</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">In selecting financial investments and hedging instruments, an analysis is conducted to estimate rates of return, risks involved, liquidity, calculation methodology for the carrying value and fair value, and </font><font style="font-family: 'Times New Roman';">a review is conducted of any </font><font style="font-family: 'Times New Roman';">documentation applicable to the financial instruments. The financial instruments used to manage the financial resources of the Company and its subsidiaries are intended to preserve value and liquidity.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The Policy contemplates the use of derivative financial instruments only to cover identified risks and in amounts consistent with the risk (limited to 100% of the identified risk). The risks identified in the Policy are described in the above sections and are subject to risk management. In accordance with the Policy, the Company and its subsidiaries can use forward contracts, </font><font style="font-family: 'Times New Roman';">S</font><font style="font-family: 'Times New Roman';">waps, options, and futures contracts to manage identified risks. Leveraged derivative instruments are not permitted. Because the use of derivative financial instruments is limited to the coverage of identified risks, the Company and its subsidiaries use the term &#8220;hedging instruments&#8221; to refer to derivative financial instruments.</font></font></p>
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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
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<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>137</font></font></td>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
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<p style="margin: 0pt; text-align: justify;"><br></p>
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<div>
<p style="margin: 0pt 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultrapar&nbsp;Participa&#231;&#245;es&nbsp;S.A. and Subsidiaries</font></p>
<p style="margin: 0pt 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; text-align: justify; font-size: 5pt;"><font style="font-family: 'Times New Roman';">&nbsp;</font></p>
<p style="margin: 0pt 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Notes to the Parent</font><font style="font-family: 'Times New Roman';">&#8217;s Separate</font><font style="font-family: 'Times New Roman';">&nbsp;and Consolidated&nbsp;</font><font style="font-family: 'Times New Roman';">Financial&nbsp;</font><font style="font-family: 'Times New Roman';">statements</font></font></p>
<p style="margin: 0pt 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; text-align: justify; font-size: 5pt;"><font style="font-family: 'Times New Roman';">&nbsp;</font></p>
<p style="margin: 0pt 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; text-align: justify; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-size: 10pt;">(In thousands of Brazilian&nbsp;Reais, unless otherwise stated)</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The table below summarizes the position of hedging instruments </font><font style="font-family: 'Times New Roman';">entered </font><font style="font-family: 'Times New Roman';">by the Company and its subsidiaries:</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; text-decoration: underline;">Designated as hedge accounting</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 126px; width: 100%;" width="100%">

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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Product</font></p>
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 18px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Hedged object</font></p>
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 18px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td colspan="2" style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Rates agreement</font></p>
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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
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<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Maturity</font></p>
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 18px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
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<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Note</font></p>
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 18px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
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<td colspan="3" style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Notional amount </font><font style="font-family: 'Times New Roman'; font-weight: bold; vertical-align: super;">1</font></font></p>
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 18px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td colspan="3" style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Fair value</font></p>
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<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; width: 14%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; width: 1%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; width: 12%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; width: 1%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; width: 14%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Assets</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; width: 10%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Liabilities</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; width: 1%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; width: 6%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; width: 1%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; width: 6%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; width: 1%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 8%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2021</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; width: 1%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 8%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; width: 1%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 7%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2021</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px; width: 1%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 7%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2020</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Foreign exchange swap</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Debt</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">USD + 4.65 %</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">104.87% DI</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">sep-23</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">34.h.1</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">USD 125,000</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">USD 185,000</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">212,510</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">298,889</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Foreign exchange swap</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Debt</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">USD + LIBOR-3M + 1.14%</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">105.00% DI</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">jun-22</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">34.h.1</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">USD 50,000</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">USD 50,000</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">109,332</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">94,782</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Interest rate swap</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Debt</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4.59% + IPCA</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">102.00% DI</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">sep-28</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">34.h.1</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">R$ 2,266,054</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">R$ 806,054</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">166,468</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">203,837</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Interest rate swap</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Debt</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">6.47%</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">99.94% DI</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">nov-24</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">34.h.1</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">R$ 90,000</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">R$ 90,000</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(9,044)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,498</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Term</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Firm commitments</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">BRL</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Heating Oil</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">jan-22</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">34.h.1</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">USD 120,260</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">USD 42,399</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,302</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(563)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">NDF</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Firm commitments</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">BRL</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">USD</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">jan-22</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">34.h.1</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">USD 68,361</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">USD 23,124</font></p>
</td>
<td style="vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,702</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 1px solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(733)</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">486,270</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">599,710</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; text-decoration: underline;">Not designated as hedge accounting</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 113px; width: 100%;" width="100%">

<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; width: 13.9002%; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Product</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; width: 1.06296%; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; width: 11.9379%; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Hedged object</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; width: 1.06296%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; width: 24%; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Rates agreement</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; width: 0.981194%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; width: 12.9191%; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Maturity</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; width: 1.22649%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; width: 16.7989%; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Notional amount </font><font style="font-family: 'Times New Roman'; font-weight: bold; vertical-align: super;">1</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; width: 0.981194%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; width: 15%; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Fair value</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 13.9002%; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 1.06296%; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 11.9379%; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 1.06296%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 14%; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Assets</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 10%; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Liabilities</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 0.981194%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 12.9191%; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 1.22649%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 8.79886%; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2021</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 1%; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 7%; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 0.981194%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 7%; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2021</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 1%; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 7%; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2020</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px; width: 13.9002%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Foreign exchange swap</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.06296%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 11.9379%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Debt</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.06296%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 14%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">USD + 0.18%</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 10%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">55.5% DI</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 0.981194%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 12.9191%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.22649%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 8.79886%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px; width: 7%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">USD 320,000</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 0.981194%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 7%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 7%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">519,260</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 13.9002%; border-bottom-width: 0.5px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">NDF</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 1.06296%; border-bottom-width: 0.5px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 11.9379%; border-bottom-width: 0.5px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Firm commitments</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 1.06296%; border-bottom-width: 0.5px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 14%; border-bottom-width: 0.5px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">USD</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 10%; border-bottom-width: 0.5px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">BRL</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 0.981194%; border-bottom-width: 0.5px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 12.9191%; border-bottom-width: 0.5px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">jun-22</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 1.22649%; border-bottom-width: 0.5px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 8.79886%; border-bottom-width: 0.5px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">USD 625,762</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 1%; border-bottom-width: 0.5px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 7%; border-bottom-width: 0.5px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">USD 378,550</font></p>
</td>
<td style="vertical-align: bottom; height: 10px; width: 0.981194%; border-bottom-width: 0.5px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 7%; border-bottom-width: 0.5px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,463</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 1%; border-bottom-width: 0.5px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 7%; border-bottom-width: 0.5px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(112,152)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px; width: 13.9002%; border-bottom-width: 0.5px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Interest rate swap</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.06296%; border-bottom-width: 0.5px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 11.9379%; border-bottom-width: 0.5px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Debt</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.06296%; border-bottom-width: 0.5px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 14%; border-bottom-width: 0.5px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2.67%</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 10%; border-bottom-width: 0.5px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100% DI</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 0.981194%; border-bottom-width: 0.5px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 12.9191%; border-bottom-width: 0.5px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.22649%; border-bottom-width: 0.5px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 8.79886%; border-bottom-width: 0.5px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%; border-bottom-width: 0.5px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 7%; border-bottom-width: 0.5px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">R$ 1,300,000</font></p>
</td>
<td style="vertical-align: bottom; background-color: #cceeff; height: 17px; width: 0.981194%; border-bottom-width: 0.5px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 7%; border-bottom-width: 0.5px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%; border-bottom-width: 0.5px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 7%; border-bottom-width: 0.5px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(5)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 13.9002%; border-bottom-width: 0.5px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Interest rate swap</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 1.06296%; border-bottom-width: 0.5px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 11.9379%; border-bottom-width: 0.5px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Debt</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 1.06296%; border-bottom-width: 0.5px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 14%; border-bottom-width: 0.5px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5.25%</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 10%; border-bottom-width: 0.5px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">DI - 1.36%</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 0.981194%; border-bottom-width: 0.5px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 12.9191%; border-bottom-width: 0.5px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">jun-29</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 1.22649%; border-bottom-width: 0.5px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 8.79886%; border-bottom-width: 0.5px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">USD 300,000</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 1%; border-bottom-width: 0.5px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 7%; border-bottom-width: 0.5px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="vertical-align: bottom; height: 17px; width: 0.981194%; border-bottom-width: 0.5px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 7%; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(126,752)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 1%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 7%; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 13.9002%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.06296%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 11.9379%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.06296%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 14%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 10%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 0.981194%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 12.9191%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.22649%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 8.79886%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; background-color: #cceeff; height: 17px; width: 1%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 7%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 0.981194%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 7%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(123,289)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 7%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">407,103</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 2pt 0pt 0pt; text-align: justify; font-size: 8pt;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman';">(1) Currency as indicated.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">All transactions mentioned above were properly registered with CETIP S.A.</font></p>
</div>
</div>
</div>
<div>
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>138</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<div style="width: 8.5in; margin: 0 auto;">
<div>
<p style="margin: 0pt; text-align: justify;"><br></p>
</div>
<p style="margin: 0pt 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultrapar&nbsp;Participa&#231;&#245;es&nbsp;S.A. and Subsidiaries</font></p>
<p style="margin: 0pt 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; text-align: justify; font-size: 5pt;"><font style="font-family: 'Times New Roman';">&nbsp;</font></p>
<p style="margin: 0pt 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Notes to the Parent</font><font style="font-family: 'Times New Roman';">&#8217;s Separate</font><font style="font-family: 'Times New Roman';">&nbsp;and Consolidated&nbsp;</font><font style="font-family: 'Times New Roman';">Financial&nbsp;</font><font style="font-family: 'Times New Roman';">statements</font></font></p>
<p style="margin: 0pt 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; text-align: justify; font-size: 5pt;"><font style="font-family: 'Times New Roman';">&nbsp;</font></p>
<p style="margin: 0pt 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; text-align: justify; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-size: 10pt;">(In thousands of Brazilian&nbsp;Reais, unless otherwise stated)</font></p>
</div>
</div>
</div><div style="font-family: 'times new roman', times; font-size: 10pt;">
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">h. </font><font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">Hedge </font><font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">a</font><font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">ccounting</font><font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;</font><br></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The Company and its subsidiaries </font><font style="font-family: 'Times New Roman';">use derivative and non-derivative financial instruments</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">for hedging purposes and</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">test, throughout the duration of the hedge, the</font><font style="font-family: 'Times New Roman';">ir</font><font style="font-family: 'Times New Roman';"> effectiveness, as well as the changes in their fair value. </font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold;">h.1 Fair value hedge</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The Company and its subsidiaries designate as fair value hedges certain financial instruments used to offset the variations in interest and exchange rates, which are based on the market value of financing contracted in Brazilian Reais and U.S. dollars</font><font style="font-family: 'Times New Roman';">.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">T</font><font style="font-family: 'Times New Roman';">he foreign exchange hedging instruments designated as fair value hedge</font><font style="font-family: 'Times New Roman';"> are:</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top;" valign="top">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">In thousands, except the DI %</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top;" valign="top">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2021</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top;" valign="top">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top;" valign="top">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2020</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; width: 75%; vertical-align: top;" valign="top">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Notional amount &#8211; US$</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; width: 12%; vertical-align: top;" valign="top">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">175,000</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; width: 1%; vertical-align: top;" valign="top">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; width: 12%; vertical-align: top;" valign="top">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">235,000</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top;" valign="top">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Result of hedging instruments &#8211; gain/(loss) &#8211; R$</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top;" valign="top">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">21,812</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top;" valign="top">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top;" valign="top">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">574,378</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: top;" valign="top">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Fair value adjustment of debt &#8211; R$</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: top;" valign="top">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">47,064</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: top;" valign="top">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: top;" valign="top">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(13,131)</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top;" valign="top">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Finance expense in the statements of profit or loss &#8211; R$</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top;" valign="top">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(105,059)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top;" valign="top">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top;" valign="top">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(597,735)</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: top;" valign="top">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Average effective cost &#8211; DI %</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: top;" valign="top">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">104.9</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: top;" valign="top">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: top;" valign="top">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">104.1</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">For more information, see Note </font><font style="font-family: 'Times New Roman';">17</font><font style="font-family: 'Times New Roman';">.c.1.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">T</font><font style="font-family: 'Times New Roman';">he interest </font><font style="font-family: 'Times New Roman';">rate </font><font style="font-family: 'Times New Roman';">hedging instruments designated as fair value hedge</font><font style="font-family: 'Times New Roman';"> are:</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">In thousands, except the DI %</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2021</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2020</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 75%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Notional amount &#8211; US$</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 12%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,226,054</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 1%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 12%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">806,054</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Result of hedging instruments &#8211; gain/(loss) &#8211; R$</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(17,922)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">67,446</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Fair value adjustment of debt &#8211; R$</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">166,374</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(18,446)</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Finance expense in the statements of profit or loss &#8211; R$</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(245,710)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(99,555)</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Average effective cost &#8211; DI %</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">102.0</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">95.8</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">For more information, see Note</font><font style="font-family: 'Times New Roman';">s</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">17</font><font style="font-family: 'Times New Roman';">.</font><font style="font-family: 'Times New Roman';">f</font><font style="font-family: 'Times New Roman';">.2, </font><font style="font-family: 'Times New Roman';">17</font><font style="font-family: 'Times New Roman';">.</font><font style="font-family: 'Times New Roman';">f</font><font style="font-family: 'Times New Roman';">.4</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">17</font><font style="font-family: 'Times New Roman';">.</font><font style="font-family: 'Times New Roman';">f</font><font style="font-family: 'Times New Roman';">.6</font><font style="font-family: 'Times New Roman';">, 17.f.8, 17.f.9 and f.10</font><font style="font-family: 'Times New Roman';">.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">In thousands, except the DI %</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2021</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2020</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 75%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Notional amount &#8211; US$</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 12%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">90,000</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 1%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 12%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">90,000</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Result of hedging instruments &#8211; gain/(loss) &#8211; R$</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(10,088)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">6,528</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Fair value adjustment of debt &#8211; R$</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">11,756</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,250</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Finance expense in the statements of profit or loss &#8211; R$</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(5,914)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(8,968)</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Average effective cost &#8211; DI %</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">99.9</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">99.9</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">For more information, see Note </font><font style="font-family: 'Times New Roman';">17</font><font style="font-family: 'Times New Roman';">.</font><font style="font-family: 'Times New Roman';">f</font><font style="font-family: 'Times New Roman';">.7.</font></font></p>
</div>
<p style="margin: 0pt; text-align: justify;"><br></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>139</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<p><br></p>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; font-size: 5px;"><br></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; font-size: 5px;"><br></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;"><font style="font-style: italic;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;"><font style="font-size: 10pt;"><font style="font-weight: bold;"><br></font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">The foreign exchange hedging instruments and commodities designated as fair value hedge are as described below</font><font style="font-size: 10pt; font-family: 'Times New Roman';"> and are concentrated in subsidiary IPP</font><font style="font-size: 10pt; font-family: 'Times New Roman';">. The purpose of this relationship is to transform the cost of the imported product from fixed to variable until the moment of blend the fuel, as occurs with the price practiced in its sales. The I</font><font style="font-size: 10pt; font-family: 'Times New Roman';">PP</font><font style="font-size: 10pt; font-family: 'Times New Roman';"> realizes these operations with over-the-counter derivatives that are designated in a hedge accou</font><font style="font-size: 10pt; font-family: 'Times New Roman';">n</font><font style="font-size: 10pt; font-family: 'Times New Roman';">ting relationship, as a fair value hedge in an amount equivalent to the inventories of imported product.</font><br></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">In thousands</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2021</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2020</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 75%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Notional amount &#8211; US$</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 12%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">188,621</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 1%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 12%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">65,523</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Result of hedging instruments &#8211; gain/(loss) &#8211; R$</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(129,670)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(87,448)</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Fair value adjustment of inventories &#8211; R$</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(4,352)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">18,468</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold;">h.2 Cash flow hedge</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The Company and its subsidiaries designate, as cash flow hedge</font><font style="font-family: 'Times New Roman';"> for protection against variations arising from exchange rate changes</font><font style="font-family: 'Times New Roman';">, derivative financial instruments to </font><font style="font-family: 'Times New Roman';">hedge</font><font style="font-family: 'Times New Roman';"> firm commitments and non-derivative financial instruments to </font><font style="font-family: 'Times New Roman';">hedge</font><font style="font-family: 'Times New Roman';"> highly probable future transactions.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">On </font><font style="font-family: 'Times New Roman';">December</font><font style="font-family: 'Times New Roman';"> 3</font><font style="font-family: 'Times New Roman';">1</font><font style="font-family: 'Times New Roman';">, 20</font><font style="font-family: 'Times New Roman';">2</font><font style="font-family: 'Times New Roman';">1</font><font style="font-family: 'Times New Roman';">, </font><font style="font-family: 'Times New Roman';">the notional amount of foreign exchange hedging instruments for highly probable future transactions designated as </font><font style="font-family: 'Times New Roman';">cash flow</font><font style="font-family: 'Times New Roman';"> hedge</font><font style="font-family: 'Times New Roman';">, related to</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">notes in the foreign market </font><font style="font-family: 'Times New Roman';">totaled US$ </font><font style="font-family: 'Times New Roman';">386,787</font><font style="font-family: 'Times New Roman';"> (US$ </font><font style="font-family: 'Times New Roman';">468,215</font><font style="font-family: 'Times New Roman';"> on December 31, 20</font><font style="font-family: 'Times New Roman';">20</font><font style="font-family: 'Times New Roman';">)</font><font style="font-family: 'Times New Roman';">.</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">On </font><font style="font-family: 'Times New Roman';">December</font><font style="font-family: 'Times New Roman';"> 3</font><font style="font-family: 'Times New Roman';">1</font><font style="font-family: 'Times New Roman';">, 20</font><font style="font-family: 'Times New Roman';">2</font><font style="font-family: 'Times New Roman';">1</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">the</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">unrealized </font><font style="font-family: 'Times New Roman';">gain</font><font style="font-family: 'Times New Roman';"> of</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">&#8220;</font><font style="font-family: 'Times New Roman';">Other comprehensive income</font><font style="font-family: 'Times New Roman';">&#8221;</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">is</font><font style="font-family: 'Times New Roman';"> R$</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">7,880 </font><font style="font-family: 'Times New Roman';">(</font><font style="font-family: 'Times New Roman';">loss of R$ </font><font style="font-family: 'Times New Roman';">315,403</font><font style="font-family: 'Times New Roman';"> on December 31, 20</font><font style="font-family: 'Times New Roman';">20</font><font style="font-family: 'Times New Roman';">)</font><font style="font-family: 'Times New Roman';">, net of deferred </font><font style="font-family: 'Times New Roman';">IRPJ and CSLL</font><font style="font-family: 'Times New Roman';">.</font><font style="font-family: 'Times New Roman';"> The impacts and balances of cash flow hedge are reco</font><font style="font-family: 'Times New Roman';">gnized at Oxiteno, a group company that was reclassified as held for sale and discontinued operations.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold;">h.3 Net investment hedge in foreign entities</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The Company and its subsidiaries designate, as net investment</font><font style="font-family: 'Times New Roman';"> hedge </font><font style="font-family: 'Times New Roman';">in foreign entities, </font><font style="font-family: 'Times New Roman';">notes in the foreign market</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">for hedging net investment in foreign entities,</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">to offset </font><font style="font-family: 'Times New Roman';">changes</font><font style="font-family: 'Times New Roman';"> in exchange rates.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><br></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">On </font><font style="font-family: 'Times New Roman';">December</font><font style="font-family: 'Times New Roman';"> 3</font><font style="font-family: 'Times New Roman';">1</font><font style="font-family: 'Times New Roman';">, 20</font><font style="font-family: 'Times New Roman';">2</font><font style="font-family: 'Times New Roman';">1 the balance of </font><font style="font-family: 'Times New Roman';">foreign </font><font style="font-family: 'Times New Roman';">exchange hedging instruments designated as net investments </font><font style="font-family: 'Times New Roman';">hedge </font><font style="font-family: 'Times New Roman';">in foreign entities, related to </font><font style="font-family: 'Times New Roman';">part of </font><font style="font-family: 'Times New Roman';">the investments made in entities </font><font style="font-family: 'Times New Roman';">which</font><font style="font-family: 'Times New Roman';"> functional currency </font><font style="font-family: 'Times New Roman';">is </font><font style="font-family: 'Times New Roman';">other than the Brazilian Real, totaled US$ </font><font style="font-family: 'Times New Roman';">95,000</font><font style="font-family: 'Times New Roman';"> (US$ </font><font style="font-family: 'Times New Roman';">95,000</font><font style="font-family: 'Times New Roman';"> on December 31, 20</font><font style="font-family: 'Times New Roman';">20</font><font style="font-family: 'Times New Roman';">)</font><font style="font-family: 'Times New Roman';">, </font><font style="font-family: 'Times New Roman';">being recognized a loss in &#8220;Other comprehensive income&#8221; of R$</font><font style="font-family: 'Times New Roman';"> 24,064</font><font style="font-family: 'Times New Roman';"> on </font><font style="font-family: 'Times New Roman';">December</font><font style="font-family: 'Times New Roman';"> 3</font><font style="font-family: 'Times New Roman';">1</font><font style="font-family: 'Times New Roman';">, 2021 (loss of R$</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">73,108 on December 31, 2020), net of </font><font style="font-family: 'Times New Roman';">deferred income and social contribution taxes</font><font style="font-family: 'Times New Roman';">. The effects of exchange variation on investments and notes in the foreign market were offset in shareholders' equity.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="font-size: 11pt; line-height: 115%; margin: 0pt 0pt 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="color: #212121; font-family: 'Times New Roman';">The impacts and balances of </font><font style="color: #212121; font-family: 'Times New Roman';">net investments hedge in foreign </font><font style="color: #212121; font-family: 'Times New Roman';">are recognized at Oxiteno, a group company that was reclassified as held for sale and discontinued operations</font></font></p>
</div>
<p style="font-size: 11pt; line-height: 115%; margin: 0pt 0pt 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="color: #212121; font-family: 'Times New Roman';"><br></font></font></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>140</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<p style="font-size: 11pt; line-height: 115%; margin: 0pt 0pt 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="color: #212121; font-family: 'Times New Roman';"><br></font></font></p>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; font-size: 5px;"><br></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; font-size: 5px;"><br></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;"><font style="font-style: italic;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
<p style="margin: 0pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;"><br></font></font></p>
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">i. Gains (losses) on </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">h</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">edging </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">i</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">nstruments</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">The following tables summarize the value of gains (losses) recognized, which affected the equity of the Company and its subsidiaries:</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 104px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2021</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Profit or loss</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Equity</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; width: 75%; height: 18px; vertical-align: top;" valign="top">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">a &#8211; Exchange rate derivates receivable in U.S. dollars (i) and (ii) and commodities</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; width: 12%; height: 18px; vertical-align: top;" valign="top">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(205,680)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; width: 1%; height: 18px; vertical-align: top;" valign="top">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; width: 12%; height: 18px; vertical-align: top;" valign="top">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: top;" valign="top">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">b &#8211; Interest rate swaps in R$ (iii)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: top;" valign="top">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(101,488)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: top;" valign="top">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: top;" valign="top">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; vertical-align: top;" valign="top">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">c &#8211; Non-derivative financial instruments (iv)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; vertical-align: top; border-bottom: 1px solid #000000;" valign="top">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">21,547</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; vertical-align: top;" valign="top">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; vertical-align: top; border-bottom: 1px solid #000000;" valign="top">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(753,655)</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 18px; vertical-align: top;" valign="top">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Total</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 18px; vertical-align: top; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;" valign="top">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(285,621)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 18px; vertical-align: top;" valign="top">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 18px; vertical-align: top; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;" valign="top">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(753,655)</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 122px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2020</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Profit or loss</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Equity</font></p>
</td>
</tr>
<tr style="height: 19px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; width: 75%; height: 19px; vertical-align: top;" valign="top">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">a &#8211; Exchange rate derivates receivable in U.S. dollars (i) and (ii) and commodities</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; width: 12%; height: 19px; vertical-align: top;" valign="top">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">497,210</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; width: 1%; height: 19px; vertical-align: top;" valign="top">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; width: 12%; height: 19px; vertical-align: top;" valign="top">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: top;" valign="top">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">b &#8211; Exchange rate derivates payable in U.S. dollars (ii)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: top;" valign="top">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(330,999)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: top;" valign="top">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: top;" valign="top">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">80</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; vertical-align: top;" valign="top">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">c &#8211; Interest rate swaps in R$ (iii)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; vertical-align: top;" valign="top">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">58,131</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; vertical-align: top;" valign="top">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; vertical-align: top;" valign="top">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: top; border-bottom-width: 1px;" valign="top">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">d &#8211; Non-derivative financial instruments (iv)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: top; border-bottom: 1px solid #000000;" valign="top">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(919,219)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: top;" valign="top">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: top; border-bottom: 1px solid #000000;" valign="top">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(737,471)</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 18px; vertical-align: top;" valign="top">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Total</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 18px; vertical-align: top; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;" valign="top">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(694,877)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 18px; vertical-align: top;" valign="top">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 18px; vertical-align: top; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;" valign="top">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(737,391)</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table style="width: 100%; margin-left: 0.1px; height: 119px; font-family: 'times new roman'; font-size: 10pt;">

<tr style="height: 17px;">
<td style="width: 3%; height: 17px; vertical-align: top; padding: 1px 1px 10px;" valign="top"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 8pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(i)</font></td>
<td style="width: 97%; height: 17px; vertical-align: top; padding: 1px 1px 10px;" valign="top"><font style="font-size: 8pt;"><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">D</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">oes not consider the effect of exchange rate variation of exchange&nbsp;</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">S</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">waps receivable in U</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">.</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">S</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">.</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">&nbsp;dollars when this effect is offset in the gain or loss of the hedged item (debt</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">/</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">firm commitments</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">)</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">.</font></font></td>
</tr>
<tr style="height: 17px;">
<td style="height: 17px; vertical-align: top; padding: 1px 1px 10px;" valign="top"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 8pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(ii)</font></td>
<td style="height: 17px; vertical-align: top; padding: 1px 1px 10px;" valign="top"><font style="font-size: 8pt;"><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">Considers the designation effect of foreign exchange hedging</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">.</font></font></td>
</tr>
<tr style="height: 17px;">
<td style="height: 17px; vertical-align: top; padding: 1px 1px 10px;" valign="top"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 8pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(iii)</font></td>
<td style="height: 17px; vertical-align: top; padding: 1px 1px 10px;" valign="top"><font style="font-size: 8pt;"><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">C</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">onsiders&nbsp;the designation effect of interest rate hedging in Brazilian&nbsp;Reais</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">; and</font></font></td>
</tr>
<tr style="height: 17px;">
<td style="height: 17px; vertical-align: top;" valign="top"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 8pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(iv)</font></td>
<td style="height: 17px; vertical-align: top;" valign="top"><font style="font-size: 8pt;"><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">Considers the&nbsp;</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">results</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">&nbsp;of notes in&nbsp;</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">the&nbsp;</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">foreign market</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">&nbsp;(for&nbsp;</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">more</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">&nbsp;information see Note&nbsp;</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">17</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">.b).</font></font></td>
</tr>

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<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><br></p>
</div>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>141</font></font></td>
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<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;"><br></font></font></p>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; font-size: 5px;"><br></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; font-size: 5px;"><br></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;"><font style="font-style: italic;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; break-after: avoid; break-inside: avoid; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;"><br></font></font></p>
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">j. </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">Fair </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">v</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">alue of </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">f</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">inancial </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">i</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">nstruments</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The fair values and the carrying values of the financial instruments, including currency and interest rate hedging instruments, are</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">stated below:</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 567px; width: 100%;" width="100%">

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<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2021</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2020</font></p>
</td>
</tr>
<tr style="height: 34px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Category</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Note</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Carrying value</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Fair</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">value</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Carrying value</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Fair</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">value</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; vertical-align: bottom; width: 26%;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Financial assets:</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; vertical-align: bottom; width: 25%;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; vertical-align: bottom; width: 6%;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; vertical-align: bottom; width: 10%;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; vertical-align: bottom; width: 1%;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; vertical-align: bottom; width: 10%;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; vertical-align: bottom; width: 1%;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; vertical-align: bottom; width: 10%;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; vertical-align: bottom; width: 1%;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; vertical-align: bottom; width: 10%;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Cash and cash equivalents</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Cash and bank</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Measured at amortized cost</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5.a</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">334,547</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">334,547</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">405,081</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">405,081</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Financial investments in local currency</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Measured at fair value through other comprehensive income</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5.a</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,943,164</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,943,164</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,241,852</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,241,852</font></p>
</td>
</tr>
<tr style="height: 34px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 34px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Financial investments in foreign currency</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 34px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Measured at fair value through profit or loss</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 34px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5.a</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 34px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,363</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 34px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 34px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,363</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 34px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 34px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">14,561</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 34px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 34px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">14,561</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Financial investments:</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Fixed-income securities and funds in local currency</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Measured at fair value through profit or loss</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5.b</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,607,608</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,607,608</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,643,286</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,643,286</font></p>
</td>
</tr>
<tr style="height: 40px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 40px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Fixed-income securities and funds in local currency</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 40px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Measured at fair value through other comprehensive income</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 40px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5.b</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 40px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 40px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 40px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 40px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 40px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">31,315</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 40px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 40px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">31,315</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Fixed-income securities (guarantee of loans)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Measured at amortized cost</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5.b</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">75,251</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">75,251</font></p>
</td>
</tr>
<tr style="height: 40px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 40px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Fixed-income securities and funds in foreign currency</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 40px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Measured at fair value through other comprehensive income</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 40px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5.b</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 40px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">103,239</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 40px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 40px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">103,239</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 40px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 40px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,278,940</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 40px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 40px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,278,940</font></p>
</td>
</tr>
<tr style="height: 34px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 34px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Currency and interest rate hedging and commodities instruments</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 34px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Measured at fair value through profit or loss</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 34px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5.b</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 34px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">472,552</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 34px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 34px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">472,552</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 34px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 34px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">981,874</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 34px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 34px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">981,874</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Trade Receivables</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Measured at amortized cost</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">6.a</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,438,995</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,367,012</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,391,122</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,369,766</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 18px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Reseller Financing</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 18px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Measured at amortized cost</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 18px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">6.b</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; border-bottom: 1px solid #000000; height: 18px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">998,034</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 18px; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; border-bottom: 1px solid #000000; height: 18px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">992,359</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 18px; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; border-bottom: 1px solid #000000; height: 18px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">968,384</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 18px; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; border-bottom: 1px solid #000000; height: 18px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">965,645</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 18px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Total</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 18px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 18px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; border-bottom: 2.8pt double #000000; height: 18px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">8,900,502</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 18px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; border-bottom: 2.8pt double #000000; height: 18px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">8,822,844</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 18px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; border-bottom: 2.8pt double #000000; height: 18px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">13,031,666</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 18px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; border-bottom: 2.8pt double #000000; height: 18px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">13,007,571</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 18px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Financial liabilities:</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 18px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 18px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 18px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 18px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 18px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 18px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 18px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 18px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 18px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 34px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 34px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Financing</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 34px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Measured at fair value through profit or loss</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 34px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">17.a</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 34px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,011,374</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 34px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 34px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,011,374</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 34px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 34px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,308,928</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 34px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 34px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,308,928</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Financing</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Measured at amortized cost</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">17.a</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">8,082,323</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">8,380,088</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">9,406,013</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">10,186,947</font></p>
</td>
</tr>
<tr style="height: 29px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 29px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Debentures</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 29px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Measured at amortized cost</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 29px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">17.a</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 29px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,599,525</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 29px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 29px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,529,439</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 29px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 29px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,450,751</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 29px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 29px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,363,621</font></p>
</td>
</tr>
<tr style="height: 34px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 34px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Debentures</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 34px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Measured at fair value through profit or loss</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 34px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">17.a</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 34px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,487,244</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 34px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 34px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,487,244</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 34px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 34px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,093,365</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 34px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 34px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,093,365</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Leases payable</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Measured at amortized cost</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">14</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,348,311</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,348,311</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,833,288</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,833,288</font></p>
</td>
</tr>
<tr style="height: 34px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 34px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Commodities, currency and interest rate hedging instruments</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 34px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Measured at fair value through profit or loss</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 34px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">17.a</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 34px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">197,177</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 34px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 34px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">197,177</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 34px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 34px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">117,159</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 34px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 34px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">117,159</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Trade payables</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Measured at amortized cost</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">18</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,789,954</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,727,724</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,040,652</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,008,457</font></p>
</td>
</tr>
<tr style="height: 34px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 34px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Subscription warrants &#8211; indemnification</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 34px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Measured at fair value through profit or loss</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 34px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">25</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; border-bottom: 1px solid #000000; height: 34px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">51,296</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 34px; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; border-bottom: 1px solid #000000; height: 34px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">51,296</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 34px; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; border-bottom: 1px solid #000000; height: 34px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">86,439</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 34px; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; border-bottom: 1px solid #000000; height: 34px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">86,439</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 18px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Total</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 18px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 18px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; border-bottom: 2.8pt double #000000; height: 18px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">23,567,204</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 18px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; border-bottom: 2.8pt double #000000; height: 18px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">23,732,653</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 18px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; border-bottom: 2.8pt double #000000; height: 18px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">23,336,595</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 18px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; border-bottom: 2.8pt double #000000; height: 18px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">23,998,204</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><br></p>
</div>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>142</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; font-size: 5px;"><br></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; font-size: 5px;"><br></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;"><font style="font-style: italic;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; break-after: avoid; break-inside: avoid; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;"><br></font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">The fair value of financial instruments, including currency and interest hedging instruments, was determined as follows:</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<ul type="disc" style="margin: 0pt; padding-left: 0pt;">
<li style="font-family: Symbol; font-size: 11pt; margin: 0pt 0pt 0pt 28.06pt; padding-left: 7.94pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">The fair value of cash and bank deposit balances are identical to their carrying values.</font></li>
</ul>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<ul type="disc" style="margin: 0pt; padding-left: 0pt;">
<li style="font-family: Symbol; font-size: 11pt; margin: 0pt 0pt 0pt 28.06pt; padding-left: 7.94pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Financial investments in investment funds are valued at the value of the fund unit as of the date of the financial </font><font style="font-family: 'Times New Roman';">statements</font><font style="font-family: 'Times New Roman';">, which corresponds to their fair value.</font></font></li>
</ul>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<ul type="disc" style="margin: 0pt; padding-left: 0pt;">
<li style="font-family: Symbol; font-size: 11pt; margin: 0pt 0pt 0pt 28.06pt; padding-left: 7.94pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Financial investments in CDBs (Bank Certificates of Deposit) and similar investments offer daily liquidity through repurchase at the &#8220;yield curve&#8221; and the Company calculates their fair value through methodologies commonly used for mark to the market.</font></li>
</ul>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<ul type="disc" style="margin: 0pt; padding-left: 0pt;">
<li style="font-family: Symbol; font-size: 11pt; margin: 0pt 0pt 0pt 28.06pt; padding-left: 7.94pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The fair value of trade receivables and trade payables are approximate to their carrying values</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">and the Company calculates its fair value </font><font style="font-family: 'Times New Roman';">through</font><font style="font-family: 'Times New Roman';"> methodologies commonly used in the market</font><font style="font-family: 'Times New Roman';">.</font></font></li>
</ul>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<ul type="disc" style="margin: 0pt; padding-left: 0pt;">
<li style="font-family: Symbol; font-size: 11pt; margin: 0pt 0pt 0pt 28.06pt; padding-left: 7.94pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The subscription warrants &#8211; indemnification was measured based on the share price of Ultrapar (UGPA3) at the financial </font><font style="font-family: 'Times New Roman';">statements</font><font style="font-family: 'Times New Roman';"> date and are adjusted to the Company&#8217;s dividend yield, since the exercise is only possible starting in 2020 onwards and they are not entitled to dividends until then. The number of shares of subscription warrants &#8211; indemnification is also adjusted according to the changes in the amounts of provision for tax, civil, and labor risks and contingent liabilities related to the period prior to January 31, 2014 </font><font style="font-family: 'Times New Roman';">(</font><font style="font-family: 'Times New Roman';">s</font><font style="font-family: 'Times New Roman';">ee Note </font><font style="font-family: 'Times New Roman';">25</font><font style="font-family: 'Times New Roman';">).</font></font></li>
</ul>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<ul type="disc" style="margin: 0pt; padding-left: 0pt;">
<li style="font-family: Symbol; font-size: 11pt; margin: 0pt 0pt 0pt 28.06pt; padding-left: 7.94pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The fair value calculation of notes in the foreign market is based on the quoted price in an active market</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">(see Note </font><font style="font-family: 'Times New Roman';">17</font><font style="font-family: 'Times New Roman';">.b).</font></font></li>
</ul>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The fair value of other financial investments</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> financing </font><font style="font-family: 'Times New Roman';">and leases payable </font><font style="font-family: 'Times New Roman';">was determined using calculation methodologies commonly used for mark-to-market</font><font style="font-family: 'Times New Roman';"> reporting</font><font style="font-family: 'Times New Roman';">, which consist of calculating future cash flows associated with each instrument adopted and adjusting them to present value at the market rates </font><font style="font-family: 'Times New Roman';">as of the date of the </font><font style="font-family: 'Times New Roman';">f</font><font style="font-family: 'Times New Roman';">inancial </font><font style="font-family: 'Times New Roman';">statements</font><font style="font-family: 'Times New Roman';">.</font><font style="font-family: 'Times New Roman';"> For some cases where there is no active market for the financial instrument, the Company and its subsidiaries can use quotes provided by the transaction counterparties.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The interpretation of market information on the choice of calculation methodologies for the fair value requires considerable judgment and estimates to obtain a value deemed appropriate to each situation. Consequently, the estimates presented do not necessary indicate the amounts that may be realiz</font><font style="font-family: 'Times New Roman';">able</font><font style="font-family: 'Times New Roman';"> in the current market.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Financial instruments were classified as financial </font><font style="font-family: 'Times New Roman';">assets or </font><font style="font-family: 'Times New Roman';">liabilities measured at amortized cost, except (i) all exchange rate and interest rate hedging instruments, which are measured at fair value through profit or loss, financial investments classified as measured at fair value through profit or loss</font><font style="font-family: 'Times New Roman';"> and</font><font style="font-family: 'Times New Roman';"> financial investments that are classified as </font><font style="font-family: 'Times New Roman';">measured at fair value through other comprehensive income</font><font style="font-family: 'Times New Roman';"> (see Note </font><font style="font-family: 'Times New Roman';">5</font><font style="font-family: 'Times New Roman';">.b</font><font style="font-family: 'Times New Roman';">), (</font><font style="font-family: 'Times New Roman';">ii</font><font style="font-family: 'Times New Roman';">) </font><font style="font-family: 'Times New Roman';">loans and financing </font><font style="font-family: 'Times New Roman';">measured at fair value through profit or loss (see Note </font><font style="font-family: 'Times New Roman';">17</font><font style="font-family: 'Times New Roman';">.a</font><font style="font-family: 'Times New Roman';">)</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> (</font><font style="font-family: 'Times New Roman';">iii</font><font style="font-family: 'Times New Roman';">) guarantees to customers that have vendor arrangements (see Note </font><font style="font-family: 'Times New Roman';">17</font><font style="font-family: 'Times New Roman';">.</font><font style="font-family: 'Times New Roman';">i</font><font style="font-family: 'Times New Roman';">), which are measured at fair value through profit or loss</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> and (</font><font style="font-family: 'Times New Roman';">iv</font><font style="font-family: 'Times New Roman';">) </font><font style="font-family: 'Times New Roman';">subscription warrants &#8211; </font><font style="font-family: 'Times New Roman';">indemnification</font><font style="font-family: 'Times New Roman';">, which are measured at fair value through profit or loss</font><font style="font-family: 'Times New Roman';"> (see Note </font><font style="font-family: 'Times New Roman';">25</font><font style="font-family: 'Times New Roman';">)</font><font style="font-family: 'Times New Roman';">. Cash, banks</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> trade receivables</font><font style="font-family: 'Times New Roman';"> and reseller financing</font><font style="font-family: 'Times New Roman';"> are classified as </font><font style="font-family: 'Times New Roman';">measured at amortized cost</font><font style="font-family: 'Times New Roman';">. Trade payables</font><font style="font-family: 'Times New Roman';">, leases</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">payable </font><font style="font-family: 'Times New Roman';">and other payables are classified as financial liabilities measured at amortized cost.</font></font></p>
</div>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';"><br></font></font></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>143</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';"><br></font></font></p>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; font-size: 5px;"><br></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; font-size: 5px;"><br></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;"><font style="font-style: italic;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; break-after: avoid; break-inside: avoid; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;"><br></font></font></p>
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">j.1 </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">Fair </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">v</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">alue </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">h</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">ierarchy of </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">f</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">inancial </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">i</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">nstruments</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">The financial instruments are classified in the following categories:</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">(a) </font><font style="font-family: 'Times New Roman';">Level 1 &#8211; prices negotiated (without adjustment) in active markets for identical assets or liabilities;</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">(b) </font><font style="font-family: 'Times New Roman';">Level 2 </font><font style="font-family: 'Times New Roman';">&#8211;</font><font style="font-family: 'Times New Roman';"> inputs other than prices negotiated in active markets included in Level 1 and observable for the asset or liability, either directly (as prices) or indirectly (derived from prices).</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The table below shows </font><font style="font-family: 'Times New Roman';">the</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">categories </font><font style="font-family: 'Times New Roman';">of the financial assets and financial liabilities:</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 418px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Category</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Note</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2021</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Level 1</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Level 2</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; vertical-align: bottom; width: 32%;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Financial assets:</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; vertical-align: bottom; width: 30%;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; vertical-align: bottom; width: 6%;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; vertical-align: bottom; width: 10%;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; vertical-align: bottom; width: 1%;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; vertical-align: bottom; width: 10%;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; vertical-align: bottom; width: 1%;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; vertical-align: bottom; width: 10%;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Cash and cash equivalents</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Cash and bank</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Measured at amortized cost</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5.a</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">334,547</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Financial investments in local currency</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Measured at fair value through other comprehensive income</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5.a</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,943,164</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,943,164</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Financial investments in foreign currency</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Measured at fair value through profit or loss</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5.a</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,363</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,363</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Financial investments:</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Fixed-income securities and funds in local currency</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Measured at fair value through profit or loss</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5.b</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,607,608</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,607,608</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 34px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 34px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Fixed-income securities and funds in foreign currency</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 34px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Measured at fair value through other comprehensive income</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 34px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5.b</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 34px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">103,239</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 34px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 34px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 34px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 34px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">103,239</font></p>
</td>
</tr>
<tr style="height: 22px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 22px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Currency and interest rate hedging and commodities instruments</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 22px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Measured at fair value through profit or loss</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 22px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5.b</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 22px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">472,552</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 22px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 22px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 22px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 22px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">472,552</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Trade Receivables</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Measured at amortized cost</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">6.a</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,367,012</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 21px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 21px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Reseller Financing</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 21px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Measured at amortized cost</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 21px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">6.b</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; border-bottom: 1px solid #000000; height: 21px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">992,359</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 21px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 21px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 21px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 21px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 18px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Total</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 18px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 18px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; border-bottom: 2.8pt double #000000; height: 18px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">8,822,844</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 18px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 18px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 18px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 18px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 18px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Financial liabilities:</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 18px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 18px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 18px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 18px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 18px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 18px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 18px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 25px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 25px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Financing</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 25px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Measured at fair value through profit or loss</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 25px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">17.a</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 25px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,011,374</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 25px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 25px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 25px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 25px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,011,374</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Financing</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Measured at amortized cost</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">17.a</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">8,380,088</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Debentures</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Measured at amortized cost</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">17.a</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,529,439</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 25px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 25px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Debentures</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 25px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Measured at fair value through profit or loss</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 25px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">17.a</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 25px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,487,244</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 25px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 25px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 25px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 25px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,487,244</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Leases payable</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Measured at amortized cost</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">14</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,348,311</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 29px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 29px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Commodities, currency and interest rate hedging instruments</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 29px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Measured at fair value through profit or loss</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 29px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">17.a</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 29px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">197,177</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 29px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 29px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 29px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 29px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">197,177</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Trade payables</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Measured at amortized cost</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">18</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,727,724</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 12px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 12px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Subscription warrants &#8211; indemnification </font><font style="font-family: 'Times New Roman'; vertical-align: super;">(1)</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 12px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Measured at fair value through profit or loss</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 12px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">25</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; border-bottom: 1px solid #000000; height: 12px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">51,296</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 12px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 12px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 12px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 12px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">51,296</font></p>
</td>
</tr>
<tr style="height: 21px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 21px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Total</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 21px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 21px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; border-bottom: 2.8pt double #000000; height: 21px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">23,732,653</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 21px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 21px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 21px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 21px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><br></p>
</div>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>144</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; font-size: 5px;"><br></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; font-size: 5px;"><br></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;"><font style="font-style: italic;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
<p style="font-size: 11pt; line-height: 115%; margin: 2pt 0pt 10pt; text-align: justify;"><br></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 423px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Category</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Note</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Level 1</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Level 2</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 30%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Financial assets:</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 32%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 6%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Cash and cash equivalents</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Cash and bank</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Measured at amortized cost</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5.a</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">405,081</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 34px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Financial investments in local currency</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Measured at fair value through other comprehensive income</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5.a</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,241,852</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,241,852</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Financial investments in foreign currency</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Measured at fair value through profit or loss</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5.a</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">14,561</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">14,561</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Financial investments:</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Fixed-income securities and funds in local currency</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Measured at fair value through profit or loss</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5.b</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,643,286</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,643,286</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 34px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Fixed-income securities and funds in local currency</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Measured at fair value through other comprehensive income</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5.b</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">31,315</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">31,315</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Fixed-income securities (guarantee of loans)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Measured at amortized cost</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5.b</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">75,251</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 34px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Fixed-income securities and funds in foreign currency</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Measured at fair value through other comprehensive income</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5.b</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,278,940</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">30,245</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,248,695</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Currency and interest rate hedging and commodities instruments</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Measured at fair value through profit or loss</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5.b</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">981,874</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">981,874</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Trade Receivables</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Measured at amortized cost</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">6.a</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,369,766</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Reseller Financing</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Measured at amortized cost</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">6.b</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom: 1pt solid #000000; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">965,645</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Total</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">13,007,571</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Financial liabilities:</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Financing</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Measured at fair value through profit or loss</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">17.a</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,308,928</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,308,928</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Financing</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Measured at amortized cost</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">17.a</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">10,186,947</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Debentures</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Measured at amortized cost</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">17.a</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,363,621</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Debentures</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Measured at fair value through profit or loss</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">17.a</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,093,365</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,093,365</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Leases payable</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Measured at amortized cost</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">14</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,833,288</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Commodities, currency and interest rate hedging instruments</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Measured at fair value through profit or loss</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">17.a</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">117,159</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">117,159</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Trade payables</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Measured at amortized cost</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">18</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,008,457</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Subscription warrants &#8211; indemnification </font><sup><font style="font-family: 'Times New Roman'; vertical-align: super;">(1)</font></sup></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Measured at fair value through profit or loss</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">25</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">86,439</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">86,439</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Total</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">23,998,204</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman';">(1) Refers to subscription warrants issued by the Company in the Extrafarma acquisition.</font></font></p>
</div>
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';"><br></font></font></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>145</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';"><br></font></font></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; font-size: 5px;"><br></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; font-size: 5px;"><br></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;"><font style="font-style: italic;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;"><br></font></font></p>
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">k. </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">Sensitivity </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">a</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">nalysis</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;"> of </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">d</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">erivative </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">f</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">inancial </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">i</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">nstruments</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">The Company and its subsidiaries use derivative financial instruments only to hedge against identified risks and in amounts consistent with the risk (limited to 100% of the identified risk). Thus, for purposes of sensitivity analysis of market risks associated with financial instruments,&nbsp; the Company analyzes the hedging instrument and the hedged item together, as shown on the charts below.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">For the sensitivity analysis of foreign exchange hedging instruments</font><font style="font-family: 'Times New Roman';"> as of </font><font style="font-family: 'Times New Roman';">December</font><font style="font-family: 'Times New Roman';"> 3</font><font style="font-family: 'Times New Roman';">1</font><font style="font-family: 'Times New Roman';">, 20</font><font style="font-family: 'Times New Roman';">2</font><font style="font-family: 'Times New Roman';">1</font><font style="font-family: 'Times New Roman';">, management adopted as a </font><font style="font-family: 'Times New Roman';">base</font><font style="font-family: 'Times New Roman';"> scenario the Real/U.S. dollar </font><font style="font-family: 'Times New Roman';">exchange rates at maturity of each swap, projected by U.S dollar futures contracts quoted on </font><font style="font-family: 'Times New Roman';">B3</font><font style="font-family: 'Times New Roman';">. As a reference, the exchange rate for the last maturity of foreign exchange hedging instruments </font><font style="font-family: 'Times New Roman';">is R</font><font style="font-family: 'Times New Roman';">$ </font><font style="font-family: 'Times New Roman';">10.25</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">(R</font><font style="font-family: 'Times New Roman';">$ </font><font style="font-family: 'Times New Roman';">8.23</font><font style="font-family: 'Times New Roman';"> as of December 31, 20</font><font style="font-family: 'Times New Roman';">20</font><font style="font-family: 'Times New Roman';">) </font><font style="font-family: 'Times New Roman';">in the </font><font style="font-family: 'Times New Roman';">base</font><font style="font-family: 'Times New Roman';"> scenario. </font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Based on the balances of the hedging instruments and hedged items as of </font><font style="font-family: 'Times New Roman';">December 31</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">2021</font><font style="font-family: 'Times New Roman';">, the exchange rates were replaced, and the changes between the new balance in Brazilian Reais and the </font><font style="font-family: 'Times New Roman';">original </font><font style="font-family: 'Times New Roman';">balance in Brazilian Reais were calculated in each of the scenarios. The table below shows the change in the values of the main derivative instruments and their hedged items, considering the changes in the exchange rate in the different scenarios:</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 284px; width: 99.9988%;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2021</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; text-decoration: underline;">Risk</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 0.5px solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Scenario Base</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: middle; background-color: #cceeff; width: 60%;" valign="middle">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Currency swaps receivable in U.S. dollars</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: middle; background-color: #cceeff; width: 25%;" valign="middle">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: middle; background-color: #cceeff; width: 15%; border-bottom-width: 0.5px;" valign="middle">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 12px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 12px; vertical-align: middle;" valign="middle">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1) U.S. Dollar / Real swaps</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 12px; vertical-align: middle;" valign="middle">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Dollar appreciation</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 12px; vertical-align: middle; border-bottom-width: 0.5px;" valign="middle">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">137,304</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: middle; background-color: #cceeff;" valign="middle">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2) Debts / firm commitments in dollars</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: middle; background-color: #cceeff;" valign="middle"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: middle; background-color: #cceeff; border-bottom: 1px solid #000000;" valign="middle">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(137,301)</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 18px; vertical-align: middle;" valign="middle">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">(1)+(2)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 18px; vertical-align: middle;" valign="middle">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Net effect in result</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 18px; vertical-align: middle; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;" valign="middle">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 18px; vertical-align: middle; background-color: #cceeff;" valign="middle">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Currency swaps payable in U.S. dollars</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 18px; vertical-align: middle; background-color: #cceeff;" valign="middle">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 18px; vertical-align: middle; background-color: #cceeff;" valign="middle">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: middle;" valign="middle">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(3) Real / U.S. Dollar swaps</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: middle;" valign="middle">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Dollar devaluation</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: middle;" valign="middle">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">49,935,747</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: middle; background-color: #cceeff;" valign="middle">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(4) Gross margin of Oxiteno/Ipiranga</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: middle; background-color: #cceeff;" valign="middle"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: middle; background-color: #cceeff; border-bottom: 1px solid #000000;" valign="middle">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(49,935,747)</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 18px; vertical-align: middle;" valign="middle">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">(3)+(4)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 18px; vertical-align: middle;" valign="middle">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Net effect in result</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 18px; vertical-align: middle; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;" valign="middle">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 18px; vertical-align: middle; background-color: #cceeff;" valign="middle">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Cash Flow Hedge</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 18px; vertical-align: middle; background-color: #cceeff;" valign="middle">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 18px; vertical-align: middle; background-color: #cceeff;" valign="middle">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: middle;" valign="middle">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1) Cash Flow Hedge</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: middle;" valign="middle">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Dollar devaluation</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: middle;" valign="middle">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">528,360</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: middle; background-color: #cceeff;" valign="middle">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2) Debts</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: middle; background-color: #cceeff;" valign="middle"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: middle; background-color: #cceeff; border-bottom: 1px solid #000000;" valign="middle">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(528,360)</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 18px; vertical-align: middle;" valign="middle">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">(1)+(2)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 18px; vertical-align: middle;" valign="middle">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Net effect in equity</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 18px; vertical-align: middle; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;" valign="middle">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 18px; vertical-align: middle; background-color: #cceeff;" valign="middle">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Net Investment hedge in foreign entities</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 18px; vertical-align: middle; background-color: #cceeff;" valign="middle">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 18px; vertical-align: middle; background-color: #cceeff;" valign="middle">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: middle;" valign="middle">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1) Net Investment Hedge</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: middle;" valign="middle">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Dollar devaluation</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: middle;" valign="middle">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">252,423</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: middle; background-color: #cceeff;" valign="middle">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2) Debts</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;" valign="middle"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: middle; background-color: #cceeff; border-bottom: 1px solid #000000;" valign="middle">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(252,423)</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 18px; vertical-align: middle;" valign="middle">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">(1)+(2)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 18px; vertical-align: middle;" valign="middle">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Net effect in equity</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 18px; vertical-align: middle; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;" valign="middle">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">For sensitivity analysis of </font><font style="font-family: 'Times New Roman';">hedging instruments for </font><font style="font-family: 'Times New Roman';">interest rate</font><font style="font-family: 'Times New Roman';">s</font><font style="font-family: 'Times New Roman';"> in Brazilian Reais</font><font style="font-family: 'Times New Roman';"> as of</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">December 31</font><font style="font-family: 'Times New Roman';">, </font><font style="font-family: 'Times New Roman';">2021</font><font style="font-family: 'Times New Roman';">, </font><font style="font-family: 'Times New Roman';">the Company</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">u</font><font style="font-family: 'Times New Roman';">s</font><font style="font-family: 'Times New Roman';">ed the future</font><font style="font-family: 'Times New Roman';">s</font><font style="font-family: 'Times New Roman';"> curve of </font><font style="font-family: 'Times New Roman';">the </font><font style="font-family: 'Times New Roman';">DI x Pre contract quoted on B3 </font><font style="font-family: 'Times New Roman';">as of </font><font style="font-family: 'Times New Roman';">December</font><font style="font-family: 'Times New Roman';"> 3</font><font style="font-family: 'Times New Roman';">1</font><font style="font-family: 'Times New Roman';">, 20</font><font style="font-family: 'Times New Roman';">2</font><font style="font-family: 'Times New Roman';">1</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">for each </font><font style="font-family: 'Times New Roman';">of the </font><font style="font-family: 'Times New Roman';">swap and debt (hedged item)</font><font style="font-family: 'Times New Roman';"> maturities</font><font style="font-family: 'Times New Roman';">, to determine the </font><font style="font-family: 'Times New Roman';">base</font><font style="font-family: 'Times New Roman';"> scenario</font><font style="font-family: 'Times New Roman';">.</font></font></p>
</div>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';"><br></font></font></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>146</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';"><br></font></font></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; font-size: 5px;"><br></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; font-size: 5px;"><br></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;"><font style="font-style: italic;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';"><br></font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Based on the scenarios of interest rate</font><font style="font-family: 'Times New Roman';">s</font><font style="font-family: 'Times New Roman';"> in Brazilian Reais</font><font style="font-family: 'Times New Roman';">, </font><font style="font-family: 'Times New Roman';">the Company estimated the </font><font style="font-family: 'Times New Roman';">values</font><font style="font-family: 'Times New Roman';"> of </font><font style="font-family: 'Times New Roman';">its</font><font style="font-family: 'Times New Roman';"> debt and hedging instruments according to the risk </font><font style="font-family: 'Times New Roman';">which</font><font style="font-family: 'Times New Roman';"> is being hedged (</font><font style="font-family: 'Times New Roman';">variations in the pre-fixed</font><font style="font-family: 'Times New Roman';"> interest rate</font><font style="font-family: 'Times New Roman';">s</font><font style="font-family: 'Times New Roman';"> in Brazilian Reais)</font><font style="font-family: 'Times New Roman';">, by projecting </font><font style="font-family: 'Times New Roman';">them to future value </font><font style="font-family: 'Times New Roman';">at the</font><font style="font-family: 'Times New Roman';"> contracted rates and bringing them to present value </font><font style="font-family: 'Times New Roman';">at</font><font style="font-family: 'Times New Roman';"> the interest rate</font><font style="font-family: 'Times New Roman';">s</font><font style="font-family: 'Times New Roman';"> of the </font><font style="font-family: 'Times New Roman';">estimated</font><font style="font-family: 'Times New Roman';"> scenarios. </font><font style="font-family: 'Times New Roman';">The result</font><font style="font-family: 'Times New Roman';">s</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">are</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">shown</font><font style="font-family: 'Times New Roman';"> in the table below:</font></font></p>
<p style="font-size: 11pt; line-height: 115%; margin: 2pt 0pt 10pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 82px; width: 99.8365%;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2021</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; text-decoration: underline;">Risk</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Scenario Base</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; width: 60%; vertical-align: middle;" valign="middle">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Interest rate swap (Real) &#8211; Debentures - CRA</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; width: 25%; vertical-align: middle;" valign="middle">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; width: 15%; vertical-align: middle;" valign="middle">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 13px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 13px; vertical-align: middle;" valign="middle">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1) Fixed rate swap - DI</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 13px; vertical-align: middle;" valign="middle">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Decrease in Pre-fixed rate</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 13px; vertical-align: middle;" valign="middle">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(20,053,149)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; vertical-align: middle;" valign="middle">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2) Fixed rate debt</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;" valign="middle"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; vertical-align: middle; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;" valign="middle">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">20,053,149</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 18px; vertical-align: middle;" valign="middle">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">(1)+(2)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 18px; vertical-align: middle;" valign="middle">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Net effect in result</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; height: 18px; vertical-align: middle; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;" valign="middle">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>

</table>
<h1 style="margin: 12pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">35</font><font style="font-family: 'Times New Roman'; font-weight: bold;">. Commitments (Consolidated)</font></font></h1>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">a. Contracts</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">&nbsp;</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">a.1</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> </font><font style="font-family: 'Times New Roman';">Subsidiary </font><font style="font-family: 'Times New Roman';">Ultracargo Log&#237;stica</font><font style="font-family: 'Times New Roman';"> has agreements with CODEBA</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">with the</font><font style="font-family: 'Times New Roman';"> Complexo Industrial Portu&#225;rio Governador Eraldo</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">Gueiros</font><font style="font-family: 'Times New Roman';"> and with the company Empresa Maranhense de Administra&#231;&#227;o Portu&#225;ria</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> in connection with its port facilities in Aratu</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> Suape</font><font style="font-family: 'Times New Roman';"> and Itaqui</font><font style="font-family: 'Times New Roman';">, respectively. Such agreements establish a minimum cargo movement of products, as shown below:</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin: 0px auto; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 11.35pt;">
<td style="vertical-align: bottom; width: 32%;">
<p style="margin: 2pt 0pt 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Port</font></p>
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<p style="margin: 2pt 0pt 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Minimum movement per year</font></p>
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<p style="margin: 2pt 0pt 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Maturity</font></p>
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<p style="margin: 2pt 0pt 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Aratu</font></p>
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<td style="vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: center;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">900</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">000</font><font style="font-family: 'Times New Roman';"> ton.</font></font></p>
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<p style="margin: 2pt 0pt 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2022</font></p>
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<tr style="height: 11.35pt;">
<td style="vertical-align: bottom;">
<p style="margin: 2pt 0pt 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Suape</font></p>
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<td style="vertical-align: bottom;">
<p style="margin: 2pt 0pt 0pt; text-align: center;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">250</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">000</font><font style="font-family: 'Times New Roman';"> ton.</font></font></p>
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<p style="margin: 2pt 0pt 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2027</font></p>
</td>
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<td style="vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Suape</font></p>
</td>
<td style="vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: center;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">400</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">000</font><font style="font-family: 'Times New Roman';"> ton.</font></font></p>
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<td style="vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2029</font></p>
</td>
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<tr style="height: 11.35pt;">
<td style="vertical-align: bottom;">
<p style="margin: 2pt 0pt 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Aratu</font></p>
</td>
<td style="vertical-align: bottom;">
<p style="margin: 2pt 0pt 0pt; text-align: center;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">465,403</font><font style="font-family: 'Times New Roman';"> ton.</font></font></p>
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<td style="vertical-align: bottom;">
<p style="margin: 2pt 0pt 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2031</font></p>
</td>
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<tr style="height: 11.35pt; background-color: #cceeff;">
<td style="vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Itaqui</font></p>
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<td style="vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,222,377 m&#179;</font></p>
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<td style="vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2049</font></p>
</td>
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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">If the annual movement is less than the minimum contractual movement, the subsidiary is liable to pay the difference between the effective movement and the minimum contractual movement, based on the port tariff rates in effect on the date established for payment. </font><font style="font-family: 'Times New Roman';">As of </font><font style="font-family: 'Times New Roman';">December</font><font style="font-family: 'Times New Roman';"> 3</font><font style="font-family: 'Times New Roman';">1</font><font style="font-family: 'Times New Roman';">, 20</font><font style="font-family: 'Times New Roman';">2</font><font style="font-family: 'Times New Roman';">1, these rates were R$ </font><font style="font-family: 'Times New Roman';">8.37</font><font style="font-family: 'Times New Roman';"> and R$ </font><font style="font-family: 'Times New Roman';">2.</font><font style="font-family: 'Times New Roman';">67</font><font style="font-family: 'Times New Roman';"> per ton for Aratu and Suape</font><font style="font-family: 'Times New Roman';">, </font><font style="font-family: 'Times New Roman';">respectively</font><font style="font-family: 'Times New Roman';"> and R$ </font><font style="font-family: 'Times New Roman';">0.</font><font style="font-family: 'Times New Roman';">85</font><font style="font-family: 'Times New Roman';"> per</font><font style="font-family: 'Times New Roman';"> m&#179; for Itaqui</font><font style="font-family: 'Times New Roman';">. </font><font style="font-family: 'Times New Roman';">According to contractual conditions and tolerances, </font><font style="font-family: 'Times New Roman';">on </font><font style="font-family: 'Times New Roman';">December</font><font style="font-family: 'Times New Roman';"> 3</font><font style="font-family: 'Times New Roman';">1</font><font style="font-family: 'Times New Roman';">, 2021 </font><font style="font-family: 'Times New Roman';">there </font><font style="font-family: 'Times New Roman';">were</font><font style="font-family: 'Times New Roman';"> not material pending</font><font style="font-family: 'Times New Roman';"> issues</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">regarding the minimum purchase </font><font style="font-family: 'Times New Roman';">limits</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">of </font><font style="font-family: 'Times New Roman';">the </font><font style="font-family: 'Times New Roman';">contract</font><font style="font-family: 'Times New Roman';">.</font></font></p>
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<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';"><br></font></font></p>
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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>147</font></font></td>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
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<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';"><br></font></font></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; font-size: 5px;"><br></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; font-size: 5px;"><br></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;"><font style="font-style: italic;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold;"><br></font></p>
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold;">b. Insurance coverage</font></p>
<p style="margin: 0pt; text-align: justify;"><br></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The Company </font><font style="font-family: 'Times New Roman';">is supported by </font><font style="font-family: 'Times New Roman';">insurance policies with the objective of covering several risks to which it is exposed</font><font style="font-family: 'Times New Roman';">.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">In the </font><font style="font-family: 'Times New Roman';">insurance policies </font><font style="font-family: 'Times New Roman';">t</font><font style="font-family: 'Times New Roman';">he maximum compensation values based on the risk analysis of </font><font style="font-family: 'Times New Roman';">certain locations</font><font style="font-family: 'Times New Roman';">.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The General Liability Insurance program covers the </font><font style="font-family: 'Times New Roman';">Ultrapar</font><font style="font-family: 'Times New Roman';"> and its subsidiaries with a maximum aggregate coverage of US$ </font><font style="font-family: 'Times New Roman';">250</font><font style="font-family: 'Times New Roman';"> million</font><font style="font-family: 'Times New Roman';">.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">T</font><font style="font-family: 'Times New Roman';">he Company </font><font style="font-family: 'Times New Roman';">maintain</font><font style="font-family: 'Times New Roman';">s</font><font style="font-family: 'Times New Roman';"> liability insurance policies</font><font style="font-family: 'Times New Roman';"> for directors</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">executive officers </font><font style="font-family: 'Times New Roman';">and council </font><font style="font-family: 'Times New Roman';">to </font><font style="font-family: 'Times New Roman';">indemnify Ultrapar and its subsidiaries in the total amount of US$</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">8</font><font style="font-family: 'Times New Roman';">0 million</font><font style="font-family: 'Times New Roman';">.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">In addition, group life and personal accident, health and national and international transportation and other insurance policies are also maintained.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The coverage and limit of the insurance policies are based on a careful study of risks and losses conducted by independent insurance advisors</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">being the </font><font style="font-family: 'Times New Roman';">type </font><font style="font-family: 'Times New Roman';">and amounts </font><font style="font-family: 'Times New Roman';">of insurance </font><font style="font-family: 'Times New Roman';">are</font><font style="font-family: 'Times New Roman';"> considered by management to be sufficient to cover potential losses based </font><font style="font-family: 'Times New Roman';">that may occur in view of</font><font style="font-family: 'Times New Roman';"> the nature of the </font><font style="font-family: 'Times New Roman';">activities</font><font style="font-family: 'Times New Roman';"> conducted by the companies.</font></font></p>
</div>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';"><br></font></font></p>
<div>
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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>148</font></font></td>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';"><br></font></font></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; font-size: 5px;"><br></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; font-size: 5px;"><br></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff;"><font style="font-style: italic;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold;"><br></font></p>
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold;">c. Area port lease</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">On March 22, 2019, Ultrapar, through its subsidiary IPP, won the port concessions of three areas with minimum storage capacity of 64 thousand m&#179; (not reviewed) </font><font style="font-family: 'Times New Roman';">located </font><font style="font-family: 'Times New Roman';">at the port of Cabedelo, in the state of Para&#237;ba, and one area with minimum storage capacity of 66 thousand m&#179; (not reviewed) at the port of Vit&#243;ria, in the state of Esp&#237;rito Santo, which will be designated for handling, storage and distribution of fuels. These concessions were carried out by two consortiums of which IPP holds one third of the total participation. </font><font style="font-family: 'Times New Roman';">For the port of Cabedelo, the companies Nordeste Log&#237;stica I, Nordeste Log&#237;stica II and Nordeste Log&#237;stica III were </font><font style="font-family: 'Times New Roman';">incorporated, in partnership</font><font style="font-family: 'Times New Roman';"> with Ra&#237;zen Combust&#237;vel S.A. and Petrobr&#225;s Distribuidora S.A. </font><font style="font-family: 'Times New Roman';">For the port of Vit&#243;ria, </font><font style="font-family: 'Times New Roman';">the company </font><font style="font-family: 'Times New Roman';">Navegantes</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">was </font><font style="font-family: 'Times New Roman';">incorporated, in partnership</font><font style="font-family: 'Times New Roman';"> with Ra&#237;zen</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">Combust&#237;vel S.A. and Petrobr&#225;s</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">Distribuidora</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">S.A</font><font style="font-family: 'Times New Roman';">. T</font><font style="font-family: 'Times New Roman';">he total investments regarding IPP&#8217;s stake sums up to R$160 million (not reviewed) for a concession term of 25 years.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">On April 5, 2019, Company, through its subsidiary IPP and </font><font style="font-family: 'Times New Roman';">Ultracargo Log&#237;stica</font><font style="font-family: 'Times New Roman';">, also won three concessions. IPP won two concessions</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">in the port of Miramar, in Bel&#233;m, state of Par&#225;: (i) area BEL02A, through a consortium 50% owned by IPP,</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">that shall have minimum storage capacity of 41 thousand m&#179;, and (ii) area BEL04, which is currently operated by IPP with minimum storage capacity of 23 thousand m&#179;. Such areas will be operated for at least 15 years, according to the auction notice.</font><font style="font-family: 'Times New Roman';"> For the area BEL02</font><font style="font-family: 'Times New Roman';">A</font><font style="font-family: 'Times New Roman';">, Latitude was </font><font style="font-family: 'Times New Roman';">incorporated</font><font style="font-family: 'Times New Roman';">, together with Petr&#243;leo</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">Sabb&#225;</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">S.A.</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">Ultracargo Log&#237;stica</font><font style="font-family: 'Times New Roman';"> won the concession of area VDC12 in the port of Vila do Conde, in Barcarena, state of Par&#225;. The minimum storage capacity will be 59 thousand m&#179;. The area will be operated by </font><font style="font-family: 'Times New Roman';">Ultracargo Log&#237;stica</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">for at least 25 years, according to the auction notice.</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">For the area VDC12, Tequimar Vila do Conde was </font><font style="font-family: 'Times New Roman';">incorporated</font><font style="font-family: 'Times New Roman';"> (see Note </font><font style="font-family: 'Times New Roman';">4</font><font style="font-family: 'Times New Roman';">.</font><font style="font-family: 'Times New Roman';">b</font><font style="font-family: 'Times New Roman';">)</font><font style="font-family: 'Times New Roman';">. T</font><font style="font-family: 'Times New Roman';">he estimated investments regarding the participation of IPP and </font><font style="font-family: 'Times New Roman';">Ultracargo Log&#237;stica</font><font style="font-family: 'Times New Roman';"> sums up to R$ 450 million, approximately, to be disbursed throughout the five years</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">subsequent to the auction</font><font style="font-family: 'Times New Roman';">, </font><font style="font-family: 'Times New Roman';">including the auction grants and the minimum investment required for these areas.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">On April 9, 2021, the Company, through its subsidiary Ultracargo Log&#237;stica, won the auction for leasing the IQI13 area in the </font><font style="font-family: 'Times New Roman';">Itaqui </font><font style="font-family: 'Times New Roman';">port, State of Maranh&#227;o, for storage and handling of liquid bulk</font><font style="font-family: 'Times New Roman';"> products</font><font style="font-family: 'Times New Roman';">, especially fuel</font><font style="font-family: 'Times New Roman';">s</font><font style="font-family: 'Times New Roman';">. In the leased area, a new terminal will be built with a minimum </font><font style="font-family: 'Times New Roman';">installed</font><font style="font-family: 'Times New Roman';"> capacity of 79 thousand </font><font style="font-family: 'Times New Roman';">cubic meters</font><font style="font-family: 'Times New Roman';">. The lease will have a minimum duration of 20 years according to the auction</font><font style="font-family: 'Times New Roman';"> notice</font><font style="font-family: 'Times New Roman';">. For this capacity, an investment of approximately R$</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">310 million is estimated, including the amount related to the grant, to be disbursed in up to six years</font><font style="font-family: 'Times New Roman';"> after signature of the contract</font><font style="font-family: 'Times New Roman';">.&nbsp;</font></font></p>
<p style="margin: 0pt; text-align: justify;"><br></p>
<p style="margin: 10pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">36</font><font style="font-family: 'Times New Roman'; font-weight: bold;">. Subsequent events</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold;">a. Issuance of Extrafarma subscription bonus shares</font></p>
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold;">&nbsp;</font></p>
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">On February 2</font><font style="font-family: 'Times New Roman';">3</font><font style="font-family: 'Times New Roman';">, 202</font><font style="font-family: 'Times New Roman';">2</font><font style="font-family: 'Times New Roman';">, the Company</font><font style="font-family: 'Times New Roman';">&#8217;</font><font style="font-family: 'Times New Roman';">s Board of Directors confirmed the issuance of </font><font style="font-family: 'Times New Roman';">43,925 </font><font style="font-family: 'Times New Roman';">common shares within the authorized capital limit provided by art. 6 of the Company's Bylaws,</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">due to the partial exercise of the rights conferred by the subscription warrants (see note 25) issued&nbsp;</font></font><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">by the Company when the merger of all Extrafarma shares by the Company, approved by the</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">extraordinary general meeting of the Company held in January 31, 2014. The share capital of the&nbsp;</font></font><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Company will therefore be represented by 1,115,</font><font style="font-family: 'Times New Roman';">151,608</font><font style="font-family: 'Times New Roman';"> common shares, all of which are</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">registered and without par value.</font></font></p>
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';"><br></font></font></p>
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<div style="margin: 0pt; text-align: center;"><a style="text-decoration: none; color: rgb(0, 0, 0); cursor: default; outline: none;" href="#" name="BAAR_YKCOB1FFSW00000000000000000000" class="customBookmark"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">ANNUAL REPORT OF THE AUDIT AND RISK COMMITTEE</font></a></div>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">THE COMMITTEE'S DUTIES</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The Ultrapar Audit and Risk Committee is a permanent statutory advisory body directly linked to the Board of Directors, with operational independence and own budget, and subject to applicable laws and regulations, in particular the Regulation of the Novo Mercado segment of B3 S.A. - Brasil, Bolsa, Balc&#227;o, the Company's Bylaws and its Internal Regulations. </font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">According to the Bylaws, the Committee aims to assist the Board of Directors in overseeing (1) the integrity and quality of the Company's financial statements, (2) the Company's compliance with the legal and regulatory requirements, (3) the qualifications and independence of the independent auditor, (4) the performance of the functions of the Company's internal audit and independent auditors, and (5) the Company's risk management.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The Ultrapar Audit and Risks Committee currently has three independent members of the Board of Directors and one being the Committee Coordinator.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The Committee provides its opinion on the hiring and dismissal of independent auditors and advises the Board of Directors in the supervision of its activities, qualifications and independence, evaluating and previously approving the provision of services permitted by law that are not related to the audit. KPMG Auditores Independentes is the company currently responsible for the annual audit of the financial statements, their quarterly reviews and the assessment of the structure of internal controls applicable to the preparation of the financial statements in order to comply with the rules of the Brazilian Securities Commission (CVM - Comiss&#227;o de Valores Imobili&#225;rios) and B3 &#8211; Brasil, Bolsa, Balc&#227;o, in Brazil,&nbsp; and the SEC - Security Exchange Commission and NYSE - New York Stock Exchange, in the United States of America, including in relation to compliance with the requirements of the Sarbanes-Oxley Act. The Committee is responsible for reviewing, together with the independent auditors, the quality and integrity of the financial statements, and reporting the relevant issues to the Board of Directors.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The Committee is responsible for following-up the activities of the Risk, Compliance and Audit Executive Board, evaluating its structure, procedures and effectiveness of the internal audit. The Committee shall review, together with the Board of Directors, its performance and any recommendations for improving the Company's procedures.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The Audit and Risk Committee monitors the risk exposures identified by the Company&#8217;s Executive Board, under the terms of the Corporate Risk Management Policy, providing opinion in any review of the content and advising the Board of Directors in the definition of the acceptable levels of risks. </font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The Committee shall also ensure that the Company has specific means for receiving and confidentially handling information and complaints about non-compliance with legal provisions, Code of Ethics and other internal regulations applied to its employees and other stakeholders.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Every year the Audit and Risk Committee prepare this report to the Board of Directors and to be disclosed by the Company to the market. At each term of office, the Committee self-assesses its performance, and discuss the results and action plans, if necessary. </font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">During the last twelve years the Audit and Risk Committee met eight times. During this period, the Committee was granted free access to all the Company's governance bodies, as well as to all its officers, and, whenever necessary, the representatives of KPMG Auditores Independentes were requested to attend their meetings.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">THE COMMITTEE&#8217;S ACTIVITIES</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Independent Auditors</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
<ul type="disc" style="margin: 0pt; padding-left: 0pt;">
<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Discussion and recommendation on the fees of independent auditors, including the recommendation to the Board of Directors about the process of selection of the new audit firm, according to the local regulation. </font></li>
<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Verification of the qualification and independency of the external auditors.</font></li>
<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Analysis and approval of the annual planning of the audit works and authorizations of the additional services not conflicting with the audit.</font></li>
<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Periodical work reviews and meetings with the independent auditors.</font></li>
</ul>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Financial statements</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
<ul type="disc" style="margin: 0pt; padding-left: 0pt;">
<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Monitoring the environment of internal controls for the preparation of financial statements, together with external and internal audits</font></li>
<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Analysis of the letter on internal controls issued by KPMG Auditores Independentes with recommendations for improvements and discussion with management about the action plans to address the identified issues</font></li>
<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Assessment of the adequacy of accounting practices and estimates used in the preparation of the Company's financial statements </font></li>
<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Analysis and discussion of the tax, civil and labor litigation of the Company and its subsidiaries</font></li>
<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Presentation and analysis of the financial projections adopted by the Company&#8217;s management for identification of any necessary impairment of assets and tax reimbursement. </font></li>
<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Quarterly reviews of the interim financial statements together with the Company's management and independent auditors </font></li>
<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Review of the audited annual financial statements, management report and independent auditors' report, with the presence of representatives of the Company and KPMG Auditores Independentes for the presentation and discussion of comments and analyses on the main audit matters and other issues that are relevant for the quality and integrity of said financial statements</font></li>
<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Report and analysis on the main issues covered by the 20F form submitted to SEC.</font></li>
<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Presentation of the annual integrated report prepared based on the GRI.</font></li>
</ul>
<p style="margin: 0pt 0pt 0pt 18pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Internal Audit</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
<ul type="disc" style="margin: 0pt; padding-left: 0pt;">
<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Assessment and approval of the annual planning of the internal audit.</font></li>
</ul>
<ul type="disc" style="margin: 0pt; padding-left: 0pt;">
<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Monitoring of the findings in connection with the internal audit and possible action plans to address the recommendations.</font></li>
<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Monitoring of internal control tests for SOX certification.</font></li>
</ul>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Integrated Risk Management </font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
<ul type="disc" style="margin: 0pt; padding-left: 0pt;">
<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 23.8pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Analysis of the updates of the Systemic Risk Matrix, periodically prepared by the Company&#8217;s business areas.</font></li>
<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 23.8pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Review of the Corporate Financial Risk Management Policy; Risk Management Policy; Ipiranga Trading Policy and its forwarding to the Board of Directors for approval.</font></li>
<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 23.8pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Monitoring of the cyber-attack in the Company&#8217;s systems and the respective measures adopted by management.</font></li>
</ul>
<p style="margin: 0pt 0pt 0pt 32.2pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold;"><br></font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold;">Co</font><font style="font-weight: bold;">mpliance</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
<ul type="disc" style="margin: 0pt; padding-left: 0pt;">
<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 23.8pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Follow-up of the number, distribution and types of complaints received by the Ultra Complaint Channel (Canal Aberto Ultra) </font></li>
<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 23.8pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Analysis and discussion on the KPIs of internal investigations of complaints and measures taken to address the identified issues</font></li>
<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 23.8pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Monitoring of the Company&#8217;s Ethics and Compliance Program and the training offered to employees and stakeholders.</font></li>
<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 23.8pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Review and submission of the Code of Ethics and Corporate Anti-corruption Policy to the Board of Directors for approval.</font></li>
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<p style="margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Governance</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
<ul type="disc" style="margin: 0pt; padding-left: 0pt;">
<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Preparation of the schedule and agenda of the Committee&#8217;s activities. </font></li>
<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Preparation and approval of the Committee's annual budget</font></li>
<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Analysis of the changes in the Reference Form and Governance Report submitted to CVM.</font></li>
<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Preparation and submission of the Audit and Risk Committee Report to the Board of Directors.</font></li>
<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Self-evaluation of the Audit and Risk Committee by the members.</font></li>
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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">CONCLUSION OF THE REPORT</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Considering the responsibilities of the Audit and Risks Committee, described in the Company's Bylaws and in the Committee's Internal Regulations, with the natural restrictions of the scope of its performance in the activities that are carried out, the Committee provides its opinion below:</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<ul type="disc" style="margin: 0pt; padding-left: 0pt;">
<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The information provided by the management and KPMG Auditores Independentes was adequate based on this Committee&#8217;s recommendations, and no conflicts were identified between the staffs or loss of independency of the auditors;</font></li>
<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The coverage and quality of the internal audit work is adequate and was conducted with proper independency;</font></li>
<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The internal controls, conformity policies and integrated risk management are compliant with the Company&#8217;s structure, size and complexity;</font></li>
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<p style="margin: 0pt 0pt 0pt 18pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Based on the work and analyses carried out and the report of KPMG Auditores Independentes, the Audit and Risk Committee recommends to the Board of Directors the submission of the Management Report and the Financial Statements of Ultrapar S.A. for the year ended as of December 31, 2021 to the General Shareholder Meeting for its consideration.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Sao Paulo, February 23, 2022</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Ana Paula Vitali Janes Vescovi</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic;">Audit and Risk Committee&#8217;s Coordinator </font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Jos&#233; Maur&#237;cio Pereira Coelho</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Jorge Marques de Toledo Camargo</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-style: italic;">Audit and Risk Committee&#8217;s Members</font><font style="font-style: italic;">.</font></font></p>
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<p style="line-height: 14pt; margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-family: 'times new roman', times;"><font style="color: #051272; font-size: 12pt; font-weight: bold;">Message from </font><font style="color: #051272; font-size: 12pt; font-weight: bold;">the </font><font style="color: #051272; font-size: 12pt; font-weight: bold;">Management</font><font style="font-size: 12pt; font-weight: bold;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-size: 12pt; font-weight: bold;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font></p>
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<p style="margin: 6pt 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The year of 2021 was one of significant transformations for the Ultra Group.</font></p>
<p style="margin: 6pt 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Ultragaz, Ultracargo and Oxiteno registered record results and profitability in 2021. Ipiranga and Extrafarma, in turn, had lower results in the first semester and, even with an improvement in their operations from the second semester onwards, they didn&#8217;t reach the expected levels of profitability. In this sense, we have implemented a series of operational changes and adjustments geared towards recovering Ipiranga's profitable growth trajectory over the course of 2022 and 2023.&nbsp;</font></p>
<p style="margin: 6pt 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">We made significant progress in our portfolio review strategy, with the signing of the sale agreements of Oxiteno and Extrafarma (still pending approval from the Brazilian competition authority), in addition to the conclusion of the sale of our equity interest in ConectCar.</font></p>
<p style="margin: 6pt 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">It&#8217;s worth mentioning the significant renovation of our management and governance structure carried out in 2021, strengthening the pillars for Ultra Group&#8217;s progress and perpetuity. In April, three new members were elected to Ultrapar&#8217;s Board of Directors, adding even more experience and skills to the Company. The succession of the executive leadership position of Ultra Group and Ipiranga was also carried out, as well as the establishment and subsequent beginning of the process for the succession plan to the Ultrapar&#8217;s Chairman of the Board of Directors, with the conclusion being expected for April 2023. In addition, we also highlight the renewal of the group of managers of Ultra Group and its businesses. </font></p>
<p style="margin: 6pt 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">In 2021, despite the challenges imposed by the coronavirus pandemic, we continued to provide quality products and services to the Brazilian society, without any interruption and also keeping in mind our strict commitment to our employees&#8217; health and safety. We continue focused on supporting society efforts to combat the pandemic, by donating hospital supplies, basic food baskets, LPG and hygiene items. Considering both 2020 and 2021, our contributions to support combating the pandemic amounted to R$ 45 million.</font></p>
<p style="margin: 6pt 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">At the same time, we consolidated our sustainability strategy, which became an intrinsic part of the Company's strategic plan, strengthening the integrated perspective in the decision-making process, considering financial, social, environmental and corporate governance topics. Another highlight is the establishment of the Ultrapar&#8217;s Sustainability and Corporate Affairs executive position, in March 2021.</font></p>
<p style="margin: 6pt 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">As to our consolidated financial results, net revenues totaled R$ 119 billion, 46% higher than 2020, as a result of higher revenues in all businesses, except Extrafarma. The Company achieved an EBITDA of R$ 4.1 billion, excluding the effects of Extrafarma&#8217;s impairment and capital gain from&nbsp;ConectCar&#8217;s sale, and a net income of R$ 884 million in 2021, of which R$ 404 million should be distributed as dividends to shareholders. We also highlight the post-investment operational cash generation, which amounted R$ 1.3 billion and contributed to the reduction of our financial leverage in an annual comparison. In September, we issued an Agribusiness Receivables Certificate (locally known as &#8220;CRA&#8221;) in the amount of R$ 960 million and cost of 102.75% of the CDI rate (Brazilian interbank deposit), extending our debt profile. As a result, we ended the year with a cash position of R$ 6.7 billion and an average debt duration of 4.6 years.</font></p>
<p style="margin: 6pt 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar enters 2022 strengthened to increase long-term value creation for its shareholders and other stakeholders and ready for a new cycle of growth.&nbsp;</font></p>
<p style="margin: 6pt 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">We thank all our employees for their commitment and engagement throughout the year and our other stakeholders for trusting our company.</font></p>
<p style="margin: 0pt 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold;">Pedro </font><font style="font-weight: bold;">Wongtschowski</font></font></p>
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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Frederico Fleury Curado</font></p>
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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Marcos Marinho Lutz</font></p>
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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">until Dec/21</font></p>
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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Chief Executive Officer </font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">from Jan/22</font></p>
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<p style="line-height: 14pt; margin: 0pt 0pt 6pt; text-align: justify;"><font style="color: #051272; font-family: 'times new roman', times; font-size: 12pt; font-weight: bold;">Company profile</font></p>
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<font style="font-size: 10pt;"><font style="text-align: justify;">The Ultra Group </font><font style="text-align: justify;">holds</font><font style="text-align: justify;"> 84 years </font><font style="text-align: justify;">of history, with its origin</font><font style="text-align: justify;">s going back to 1937, when </font><font style="text-align: justify;">Ernesto </font><font style="text-align: justify;">Igel</font><font style="text-align: justify;"> founded </font><font style="text-align: justify;">Ultragaz</font><font style="text-align: justify;">,</font><font style="text-align: justify;"> </font><font style="text-align: justify;">a </font><font style="text-align: justify;">company </font><font style="text-align: justify;">which</font><font style="text-align: justify;"> pioneer</font><font style="text-align: justify;">ed the use of</font><font style="text-align: justify;"> </font><font style="text-align: justify;">l</font><font style="text-align: justify;">iqu</font><font style="text-align: justify;">i</font><font style="text-align: justify;">fied </font><font style="text-align: justify;">p</font><font style="text-align: justify;">etroleum </font><font style="text-align: justify;">g</font><font style="text-align: justify;">as (LPG) as cooking gas. Since then, </font><font style="text-align: justify;">Ultrapar</font><font style="text-align: justify;"> </font><font style="text-align: justify;">has </font><font style="text-align: justify;">become one of the largest business groups of </font><font style="text-align: justify;">Brazil</font><font style="text-align: justify;">, investing in essential utility services</font><font style="text-align: justify;">,</font><font style="text-align: justify;"> </font><font style="text-align: justify;">occup</font><font style="text-align: justify;">ying</font><font style="text-align: justify;"> an outstanding position</font><font style="text-align: justify;"> </font><font style="text-align: justify;">in </font><font style="text-align: justify;">their</font><font style="text-align: justify;"> respective segments </font><font style="text-align: justify;">of activity:</font><font style="text-align: justify;"> </font><font style="text-align: justify;">energy</font><font style="text-align: justify;"> </font><font style="text-align: justify;">and infrastructure </font><font style="text-align: justify;">through </font><font style="text-align: justify;">Ipiranga</font><font style="text-align: justify;">, </font><font style="text-align: justify;">Ultragaz</font><font style="text-align: justify;">,</font><font style="text-align: justify;"> and </font><font style="text-align: justify;">Ultracargo</font><font style="text-align: justify;">; specialty chemicals </font><font style="text-align: justify;">through </font><font style="text-align: justify;">Oxiteno</font><font style="text-align: justify;">; and retail pharmac</font><font style="text-align: justify;">y</font><font style="text-align: justify;"> </font><font style="text-align: justify;">with </font><font style="text-align: justify;">Extrafarma</font><font style="text-align: justify;">.</font></font>
<p style="margin: 6pt 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">In 1999, the Ultra Group simultaneously conducted an IPO on the New York Stock Exchange (NYSE) and on the S&#227;o Paulo Stock Exchange (B3 S.A.). Since 2011, the Company&#8217;s shares have been listed on B3&#8217;s Novo Mercado segment.</font></p>
<p style="margin: 12pt 0pt 6pt; text-align: justify;"><font style="color: #0070c0; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Ultragaz</font></p>
<p style="margin: 6pt 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">A pioneer and leader in the Brazilian market for LPG distribution, Ultragaz is a reference in safety, innovation and development of solutions for its customers, working both on bottled and bulk segments. </font></p>
<p style="margin: 12pt 0pt 6pt; text-align: justify;"><font style="color: #0070c0; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Ultracargo</font></p>
<p style="margin: 6pt 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The largest Brazilian private company of liquid bulk storage, Ultracargo is present in the main ports of Brazil, with modern terminals to store and handle chemical products, fuels and vegetable oils. In 2021, Ultracargo expanded its geographic position with the initialization of operation of its new terminal located in Vila do Conde, in the state of Par&#225;.</font></p>
<p style="margin: 12pt 0pt 6pt; text-align: justify;"><font style="color: #0070c0; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Oxiteno</font></p>
<p style="margin: 6pt 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">A leader in the production of surfactants and specialty chemicals, being focused on innovation and sustainability, Oxiteno is present in eight countries and has eleven industrial units (six in Brazil, three in Mexico, one in the USA and one in Uruguay).</font></p>
<p style="margin: 12pt 0pt 6pt; text-align: justify;"><font style="color: #0070c0; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Ipiranga</font></p>
<p style="margin: 6pt 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">One of the largest Brazilian fuels and lubricants distribution companies, incorporating a network of more than 7 thousand service stations, each one of them increasingly completer and more digitized, in addition to the largest convenience store franchise, the AmPm network with 1.8 thousand stores.</font></p>
<p style="margin: 12pt 0pt 6pt; text-align: justify;"><font style="color: #0070c0; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Extrafarma</font></p>
<p style="margin: 6pt 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Retail pharmacy network with leading position in the North and Northeast regions of Brazil, located in ten states with about 400 drugstores and four distribution centers.&nbsp; </font></p>
<p style="margin: 12pt 0pt 6pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #0070c0; font-weight: bold;">abastece</font><font style="color: #0070c0; font-weight: bold;"> </font><font style="color: #0070c0; font-weight: bold;">a&#237;</font></font></p>
<p style="margin: 6pt 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">A digital payments company established in 2020 to leverage the benefits of the Km de Vantagens loyalty program and the abastece a&#237; app. In 2021, abastece a&#237; increased in 2 million its number of digital accounts.</font></p>
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<p style="margin: 6pt 0pt; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">During the second year of the coronavirus pandemic, <font style="font-weight: bold;">Ultra</font><font style="font-weight: bold;"> Group</font> once more helped support the Brazilian society. In 2021, approximately R$ 8 million were donated to several initiatives to combat the pandemic and its consequences, totaling about R$ 45 million of contribution in the last two years.</font></p>
<p style="margin: 6pt 0pt; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">With the pandemic worsening in the beginning of 2021, the <font style="font-weight: bold;">Ultra Group</font> and 11 other companies joined forces to donate more than 5 thousand oxygen concentrators to the Ministry of Health &#8211; together, the 12 companies invested more than R$ 35 million in this initiative. The Group also donated R$ 1.5 million to Instituto Butant&#227; so that the organization could buy the equipment required for the facility to produce COVID-19 (ButanVac) and influenza vaccines. </font></p>
<p style="margin: 6pt 0pt; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold;">Ultragaz</font> distributed more than 2 thousand oxygen cylinders to hospitals in S&#227;o Paulo and, thanks to its reseller network, the educational and awareness campaign on COVID-19 prevention reached more than 10 million people in 50 Brazilian cities. Ultragaz also donated 8 thousand LPG bottles and more than 2 thousand basic food baskets during the year. <font style="font-weight: bold;">Ultracargo</font> donated about 6 thousand basic food baskets to help communities near its operations. </font></p>
<p style="margin: 6pt 0pt; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">In a partnership with AkzoNobel, <font style="font-weight: bold;">Oxiteno</font> supported the public school system in the region of Mau&#225;, state of S&#227;o Paulo, in an initiative involving the donation of 1 thousand basic food baskets to the families of students facing a situation of social vulnerability, the renovation of more than 14 thousand m&#178; of school premises and the delivery of masks and alcohol gel to protect students and teachers when the on-site classes return.</font></p>
<p style="margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">In a partnership with the Brazilian Institute of Oil and Gas (IBP) and other companies, <font style="font-weight: bold;">Ipiranga</font> became part of a movement that donated about 4 million medicines necessary for the intubation of COVID-19 patients to the Ministry of Health. Ipiranga also joined forces with the United Nations International Children&#8217;s Emergency Fund (Unicef) and the Gerando Falc&#245;es and Aldeias Infantis NGOs to distribute personal protective equipment (PPEs), hygiene items, food vouchers and basic food baskets. In partnership with the municipal health department, the company also helped to provide the COVID-19 vaccine through the Sa&#250;de na Estrada program.</font></p>
<p style="margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Together with the Transforma Brasil project, <font style="font-weight: bold;">Extrafarma</font> joined the A Fome Tem Pressa campaign, collecting an amount corresponding to 1.6 thousand basic food baskets thanks to the active participation of its employees &#8211; for each R$ 1 donated by an employee, the company donated the same amount, helping families facing a situation of social vulnerability in the regions of Cear&#225;, Par&#225;, and Rio Grande do Norte states. During 2021, about 20 thousand hygiene items and 2 thousand tons of food were collected to support NGOs such as Associa&#231;&#227;o Comunit&#225;ria Lucas Dantas (ACOLD), Jardim das Borboletas, Hospital Martag&#227;o and G10 Favelas.</font></p>
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<p style="line-height: 14pt; margin: 0pt 0pt 6pt; text-align: justify;"><font style="color: #051272; font-family: 'times new roman', times; font-size: 12pt; font-weight: bold;">Innovation</font></p>
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<p style="margin: 6pt 0pt; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The first innovation event of the Ultra Group was held in 2021 to promote innovation culture, with more than 700 participants. The event lasted two days and had the participation of external lectures and startups.</font></p>
<p style="margin: 6pt 0pt; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Through the UVC Investments, a corporate venture capital fund created in 2020, the <font style="font-weight: bold;">Ultra Group</font> has focused on investing in innovative companies and new technologies that are complementary to the Companies&#8217; businesses. The fund, that has already invested in six startups, has been focused on opportunities in three segments: energy, mobility and digital technologies.</font></p>
<p style="margin: 6pt 0pt; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">With its own innovation and R&amp;D processes and structures, the businesses of the Group have advanced in their innovation strategies and digital transformation in 2021. </font></p>
<p style="margin: 6pt 0pt; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">At <font style="font-weight: bold;">Ultragaz</font>, innovation and technology have guided the work of the Development of Solutions area, providing the market with an average of five new projects per year. Some of the highlights of 2021 include exclusive solutions to the agribusiness industry, automating the post-harvest activities and leading to more efficiency and cost reduction for customers. One of these solutions was Ultragaz Secagem de Gr&#227;os that uses temperature and humidity sensors to control the grains drying process to save energy. There have also been advances in the digital journey. Ultragaz reached 2.2 million downloads in the Ultragaz app and around 1 thousand resellers using the AmigU app, a delivery digitalization program that ensures the orders are sent to the closest dealer and provide customers with real-time delivery tracking. Finally, Ultragaz has made important progress on consolidating digital partnerships with iFood, Recargapay, and Cart&#227;o de Todos.</font></p>
<p style="margin: 6pt 0pt; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">At <font style="font-weight: bold;">Ultracargo</font>, the Conecta project, a new managerial and operations systems architecture, has enabled the improvement of the processes and reinforced the level of security of the company&#8217;s transactions, with focus on maximizing the use of the assets and the level of service delivered to the customers, besides improving the supply chain performance. The project has already been implemented in the headquarter and in the terminals located in Itaqui (state of Maranh&#227;o), Suape (state of Pernambuco) and Vila do Conde (state of Par&#225;) and will be implemented in other terminals in 2022. Furthermore, the implementation of the SOUL (Ultracargo Operations System) project has provided relevant gains in security and productivity, based on a new philosophy of continuous improvement of the processes, optimization of terminals operation and reducing losses. Finally, the company has also begun implementing the Soul+ Program, a program of ideas to encourage employees to propose innovative solutions that can be easily implemented to improve the operations performance.</font></p>
<p style="margin: 6pt 0pt; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Considering the whole open innovation ecosystem, which includes startups, companies, consulting firms, universities and institutes of science and technology, <font style="font-weight: bold;">Oxiteno</font> signed 33 contracts in 2021 &#8212; 8 of them being concept of proofs with startups, and 4 out of these 8 implemented in 2021. Working with co-funded partnerships, Oxiteno has been developing three projects with the Brazilian Company of Industrial Research and Innovation (EMBRAPII) and the Institute of Technological Research (IPT) of S&#227;o Paulo. Oxiteno also counts with the expertise of more than 20 scholarship researchers from Inova Talentos program from the Euvaldo Lodi Institute (IEL) developed in partnership with the Brazilian Council for the Scientific and Technological Development (CNPq), and from 10 other CNPq scholarships for students on Undergraduate Research Internship, Master&#8217;s Degree and Doctorate for Innovation (MAI/DAI). In 2021, 16 patent requests were filed, with 8 of them being granted. Oxiteno also registered 64 new products with sales started in 2021. Oxiteno&#8217;s digital innovation laboratory, Xlab, transformed 36 ideas into products or solutions to meet demands from different areas of the company.</font></p>
<p style="margin: 6pt 0pt; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold;">Ipiranga</font> created in 2019 an innovation hub named Turbo to foster the interaction between the company and startups and to promote innovation culture. This hub enabled the company to receive two awards: winner on the Retail and Distribution category of the 100 Open Startups 2021 ranking and second position on the award in the Oil and Gas and Petrochemistry category from Valor Inova&#231;&#227;o award, which positioned Ipiranga among the most innovative companies in Brazil. Another highlight for Ipiranga in 2021 was the Ipiranga-Cebrap Challenge: Mobility and Trends. The challenge was created by Turbo and the Brazilian Center of Analysis and Planning (Cebrap) to encourage the production of scientific knowledge about urban mobility. In September, during the Urban Mobility Week, Turbo also released a webinar series Mobilidade em Transi&#231;&#227;o (Transitioning Mobility) to promote discussions about mobility challenges.</font></p>
<p style="margin: 6pt 0pt; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The digital transformation initiatives of <font style="font-weight: bold;">Extrafarma</font> also advanced this year. A highlight of this transformation was the creation of the 360 app that helps on the dynamics of displaying the products in the physical drugstores and also on the communication and negotiation with the industry.</font></p>
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<p style="line-height: 14pt; margin: 0pt 0pt 6pt; text-align: justify;"><font style="color: #051272; font-family: 'times new roman', times; font-size: 12pt; font-weight: bold;">Sustainability and ESG Performance</font></p>
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<p style="margin: 6pt 0pt 0pt; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold;">Ultra Group</font><font style="font-weight: bold;">&#8217;</font><font style="font-weight: bold;">s</font> sustainability journey bared significant progress in 2021. The materiality matrix was updated to incorporate the topics of Data privacy and Ethics and integrity into the new topic of Governance and integrity, which encompasses the corporate governance structure. Two topics were also renamed &#8211; Relations with the local community was changed to Responsibility with the community, highlighting the focus on the communities surrounding the operations; and Culture of innovation, inclusion and excellence was changed to Inclusive culture and diversity, further highlighting the promotion of diversity and inclusion. The current materiality matrix of the Group is comprised of seven topics: </font></p>
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<li style="font-family: Symbol; font-size: 9pt; line-height: 115%; margin: 0pt 0pt 0pt 9.14pt; padding-left: 8.86pt; page-break-inside: avoid; text-align: justify; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Eco-efficient operations</font></li>
<li style="font-family: Symbol; font-size: 9pt; line-height: 115%; margin: 0pt 0pt 0pt 9.14pt; padding-left: 8.86pt; page-break-inside: avoid; text-align: justify; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Responsibility with the community</font></li>
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<p style="margin: 6pt 0pt 0pt; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">With the creation of the Executive Directory of Sustainability in 2021, the company&#8217;s sustainability management model was strengthened and now coordinates ESG actions plan. ESG topics were also recurringly discussed during the meetings of the Executive Board, the Risks and Audit Committee and the Board of Directors of the Ultra Group. The company also elevated environmental, social and governance risks to strategic risks, improving the monitoring of such risks in each of its businesses and in the organization.&nbsp;</font></p>
<p style="margin: 6pt 0pt 0pt; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The Group has adhered to the United Nations Global Compact, reinforcing the commitment to the Sustainable Development Goals and the principles of the Compact, such as human and labor rights, environmental care, and anticorruption measures, strengthening the actions already undertaken. Ultragaz and Ipiranga have on their own been working with the Global Compact for more than a decade, while Oxiteno started in 2020. </font></p>
<p style="margin: 6pt 0pt 0pt; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Specific work groups (WGs) for the material topics were created, with about 250 people from the Holding and the businesses, to better understand the impacts and opportunities related to those topics and to develop a sustainable macro strategy for the organization. The WGs will keep working in 2022 and proceed with the follow-up on the action plans developed to achieve the goals. </font></p>
<p style="margin: 6pt 0pt 0pt; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #0070c0; font-weight: bold;">Management of sustainability in business</font><font style="color: #0070c0; font-weight: bold;">es</font></font></p>
<p style="margin: 6pt 0pt; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Each company from the Ultra Group has its own materiality matrix. The topics are aligned to the Group&#8217;s priorities and take into consideration the specifics from their industries and the level of maturity of each business in the management of sustainability.</font></p>
<p style="margin: 6pt 0pt; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold;">Ultragaz</font> launched the Ultragaz Mais Sustent&#225;vel ESG journey, a plan grounded over four pillars: human energy, energy for innovation, civic energy and ethical energy. <font style="font-weight: bold;">Ultracargo</font> developed and validated its Strategic Sustainability Plan setting its own specific targets and with the aim of strengthening the governance over the sustainability indicators and initiatives. <font style="font-weight: bold;">Oxiteno</font> has consolidated the action of the Sustainability Steering Committee, comprised of the senior leadership of the company, that follow the progress of the Strategic Sustainability Plan 2030. Besides updating its materiality matrix, <font style="font-weight: bold;">Ipiranga</font> focused on structuring and fostering its actions and the maturity of its own sustainability culture by focusing on engagement and specific skills for the teams. <font style="font-weight: bold;">Extrafarma</font> is still working with its Strategic Plan, with its senior leadership comprising a committee to keep track of the initiatives.</font></p>
<p style="margin: 6pt 0pt; page-break-inside: avoid; text-align: justify;"><font style="color: #0070c0; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">ESG ratings and indexes</font></p>
<p style="margin: 6pt 0pt; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The Ultra Group is under the assessment of different indexes and ratings that assess and classify organizations according to ESG criteria. Some of these include:</font></p>
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<li style="font-family: Symbol; font-size: 9pt; margin: 6pt 0pt 6pt 9.14pt; padding-left: 8.86pt; page-break-inside: avoid; text-align: justify; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold;">MSCI ESG (Morgan Stanley Capital International)</font>,<font style="font-weight: bold;"> </font>which ratings range from leader (AAA, AA), average (A, BBB, BB) to laggard (B, CCC). The Ultra Group&#8217;s current rating is A. </font></li>
<li style="font-family: Symbol; font-size: 9pt; margin: 6pt 0pt 6pt 9.14pt; padding-left: 8.86pt; page-break-inside: avoid; text-align: justify; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold;">FTSE4Good</font>,<font style="font-weight: bold;"> </font>which grants score out of a scale from 0 to 5 for each ESG factor (environmental, social and governance). The Ultra Group reached a score of 3 and is part of two indexes: FTSE4Good Emerging Index and FTSE4Good Emerging Latin America Index.</font></li>
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<li style="font-family: Symbol; font-size: 9pt; margin: 6pt 0pt 6pt 9.14pt; padding-left: 8.86pt; page-break-inside: avoid; text-align: justify; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold;">ICDPR70 (Brazil Climate Resilience Index &#8211; CDP): </font>the Ultra Group is part of the portfolio in force until March 31, 2022. The Group achieved this score thanks to its performance in the CDP (Carbon Disclosure Project) Climate Change 2020 questionnaire, achieving the B score.</font></li>
<li style="font-family: Symbol; font-size: 9pt; margin: 6pt 0pt 6pt 9.14pt; padding-left: 8.86pt; page-break-inside: avoid; text-align: justify; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold;">ICO2 (</font><font style="font-weight: bold;">Efficient Carbon</font><font style="font-weight: bold;"> Index) &#8211; B3</font>, which Ultra Group has been part of since 2012.</font></li>
<li style="font-family: Symbol; font-size: 9pt; margin: 6pt 0pt 6pt 9.14pt; padding-left: 8.86pt; page-break-inside: avoid; text-align: justify; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold;">IGC (Differentiated Corporate Governance Index) </font>and<font style="font-weight: bold;"> ITAG (Differentiated Tag Along Index) &#8211; B3</font>, which<font style="font-weight: bold;"> </font>Ultra Group has been part of since 2011.</font></li>
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<p style="margin: 0px; break-inside: avoid; text-align: justify; text-indent: 0px;"><font style="color: #0070c0; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Environmental performance</font></p>
<p style="margin: 6pt 0pt 0pt; page-break-inside: avoid; text-align: justify;"><font style="color: #0070c0; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Energy transition&nbsp;</font></p>
<p style="margin: 6pt 0pt; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The presence of <font style="font-weight: bold;">Ultra Group</font> in the energy and infrastructure sectors, through Ultragaz, Ultracargo and Ipiranga, justifies the relevance of the energy transition as one of the material topics.</font></p>
<p style="margin: 6pt 0pt; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Under our view that Brazil will play a crucial part in the transition to a decarbonized economy, the Company signed the Empres&#225;rios pelo Clima (Entrepreneurs for the Climate) letter in 2021, disclosed by the Brazilian Corporate Council for the Sustainable Development (CEBDS) on the eve of the 26th United Nations Climate Change Conference (COP26). </font></p>
<p style="margin: 6pt 0pt; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The businesses have been monitoring its GHG emissions and invested in several reduction initiatives. Every year the <font style="font-weight: bold;">Ultra Group</font> answers the CDP&#8217;s Disclosure, Insight, Action questionnaire assessing how the companies have managed the climate change topic. In 2021, the Group reached the C score (awareness level).</font></p>
<p style="margin: 6pt 0pt; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold;">Ipiranga</font> is involved in pilot initiatives related to electric mobility, keeping itself updated of the main trends of this topic. In a partnership with BMW, Ipiranga has installed electric car charging units in 44 of its service stations, located in 10 states plus the Federal District. In 6 gas stations located at Presidente Dutra highway, Ipiranga has installed fast chargers again in a partnership with BMW and EDP. Besides that, Ipiranga has also signed in 2021 another partnership to install new electric car charging units in the service stations in S&#227;o Paulo and Rio Grande do Sul states. As part of its Carbono Zero Program, since 2014 Ipiranga has offset 100% of its direct (scope 1) and indirect (scope 2) emissions purchasing carbon credits. The company also offers compensation initiatives to its customers. Along with trading biofuels, Ipiranga&#8217;s portfolio presents options with additives that improve the vehicles&#8217; performance, such as DT Clean gasoline and S10 RendMax diesel, which reduce not only the fuel consumption per kilometer, but also the emissions of pollutants.</font></p>
<p style="margin: 6pt 0pt; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold;">Ultragaz</font> has worked in the development of solutions to replace the most polluting energy sources for LPG and to allow the most efficient consumption of this input, thus contributing to reduce its customers&#8217; carbon footprint.</font></p>
<p style="margin: 6pt 0pt; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold;">Ultracargo</font> prepared an inventory of emissions to obtain more accurate data and cooperate in the development of its climate change strategy. Besides that, the company seeks to identify technologies to reduce its direct emissions. The scope 2 emissions from the acquisition of electric energy were zeroed out in 2021 thanks to the migration to renewables sources, ensured by International REC Standard (I-REC) certificates &#8211; global system that ensure the tracking of the renewable energy origin. </font></p>
<p style="margin: 6pt 0pt; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold;">Oxiteno</font> defined the projects to be implemented to achieve a 25% reduction in emission intensity by ton of product produced in 2030. Oxiteno also finished its first analysis on the climate-related financial risks and became a member of the Ambi&#231;&#227;o Net Zero program, a UN Global Compact initiative.</font></p>
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<p style="margin: 6pt 0pt 0pt; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #0070c0; font-weight: bold;">Eco-efficient operations</font></font></p>
<p style="margin: 6pt 0pt; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The <font style="font-weight: bold;">Ultra Group</font> is committed towards the responsible and efficient use of natural resources and correct waste management. In regards to energy, it has implemented several initiatives to optimize the use of electric energy consumption that have a positive impact on the Company&#8217;s scope 2 emissions. At <font style="font-weight: bold;">Ultracargo</font>, Aratu (state of Bahia), Itaqui (state of Maranh&#227;o), Suape (state of Pernambuco) and Santos (state of S&#227;o Paulo) terminals, which represent more than 90% of the company&#8217;s total consumption, are powered by renewable energy contracted from the free market. <font style="font-weight: bold;">Ultragaz</font> operations ended 2021 powered only by certified renewable energy, while <font style="font-weight: bold;">Ipiranga</font> is obtaining renewable energy certificates for all its units (bases, offices, and pools). In a partnership with the specialized company GDSolar, Ipiranga is also building 14 solar power plants to supply its services stations and franchises. In 2021, <font style="font-weight: bold;">Extrafarma</font> opened two solar power plants, one in Marab&#225; (state of Par&#225;) and the other in Cedro (state of Cear&#225;), with an electricity generation equivalent to the energy consumed by 200 of its drugstores. There are two other biogas power plants operating since 2020.&nbsp;</font></p>
<p style="margin: 6pt 0pt; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Some actions have been focused on water efficiency as well. <font style="font-weight: bold;">Ultracargo</font><font style="font-weight: bold;"> </font>has rainwater harvesting systems in its terminals located in Santos (state of S&#227;o Paulo), Itaqui (state of Maranh&#227;o) and Vila do Conde (state of Par&#225;). For the Itaqui terminal, Ultracargo has been reusing water in the hydrostatic tests of the stage III expansion works and in the construction of the Vila do Conde terminal, saving 133 thousand m&#179; of water. <font style="font-weight: bold;">Oxiteno</font><font style="font-weight: bold;"> </font>started in 2021 the implementation of an innovative solution to sanitize trucks transporting the company&#8217;s products, in partnership with startups, reducing the volume of water required to the process by 99%. The estimative is that 700 thousand liters of water can be saved per year. <font style="font-weight: bold;">Extrafarma</font> has implemented several actions to optimize the use of water, with a 30% reduction of the company&#8217;s total consumption in 2021. Since 2020, <font style="font-weight: bold;">Ultra Group</font> answers the CDP&#8217;s Water Security questionnaire and, in 2021, the Group maintained the B score (management level).</font></p>
<p style="margin: 6pt 0pt; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Concerning waste management, Mau&#225; (state of S&#227;o Paulo) unit was the first of <font style="font-weight: bold;">Ultragaz</font> to stop transporting waste to landfills and in 2021 it was certified with the Aterro Zero seal. The company also has been very involved in water consumption reduction initiatives involving its operations, with a 14% reduction of water consumption per LPG ton sold. <font style="font-weight: bold;">Oxiteno</font> has been developing a pilot project with a specialized startup to test alternatives for waste resulting from its industrial processes. This initiative has been influenced by a goal of making Oxiteno an Aterro Zero company in terms of industrial waste. The only exception is the operation of Uruguay, as the country has no alternatives for waste management.</font></p>
<p style="margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-size: 10pt;"><font style="color: #0070c0; font-weight: bold;">Social p</font><font style="color: #0070c0; font-weight: bold;">erformance</font></font></p>
<p style="margin: 6pt 0pt 0pt; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #0070c0; font-weight: bold;">Responsibility </font><font style="color: #0070c0; font-weight: bold;">with</font><font style="color: #0070c0; font-weight: bold;"> the community</font></font></p>
<p style="margin: 6pt 0pt; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">In 2021, the <font style="font-weight: bold;">Ultra Group</font> set forth two priorities to potentialize the impacts of its social actions &#8211; education and entrepreneurship. Six priority areas surrounding the operations have been chosen for a diagnostic assessment and the results will set the foundations for the social operations to be undertaken in those areas for the next years. The selected areas were:&nbsp;</font></p>
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<li style="font-family: Symbol; font-size: 9pt; line-height: 115%; margin: 0pt 0pt 0pt 9.14pt; padding-left: 8.86pt; page-break-inside: avoid; text-align: justify; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Aratu-Candeias (state of Bahia) &#8211; Ultracargo and Oxiteno</font></li>
<li style="font-family: Symbol; font-size: 9pt; line-height: 115%; margin: 0pt 0pt 0pt 9.14pt; padding-left: 8.86pt; page-break-inside: avoid; text-align: justify; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">S&#227;o Lu&#237;s-Itaqui (state of Maranh&#227;o) &#8211; Ultragaz, Ultracargo and Ipiranga</font></li>
<li style="font-family: Symbol; font-size: 9pt; line-height: 115%; margin: 0pt 0pt 0pt 9.14pt; padding-left: 8.86pt; page-break-inside: avoid; text-align: justify; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Betim (state of Minas Gerais) &#8211; Ultragaz and Ipiranga</font></li>
<li style="font-family: Symbol; font-size: 9pt; line-height: 115%; margin: 0pt 0pt 0pt 9.14pt; padding-left: 8.86pt; page-break-inside: avoid; text-align: justify; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Santos-Cubat&#227;o (state of S&#227;o Paulo) &#8211; Ultragaz, Ultracargo and Ipiranga</font></li>
<li style="font-family: Symbol; font-size: 9pt; line-height: 115%; margin: 0pt 0pt 6pt 9.14pt; padding-left: 8.86pt; page-break-inside: avoid; text-align: justify; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Canoas (state of Rio Grande do Sul) &#8211; Ultragaz and Ipiranga&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></li>
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<p style="margin: 6pt 0pt; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Instituto Ultra is being revitalized to support the social performance of the Company, maintaining the businesses self-sufficiency, and impacting the priority areas even more.&nbsp;</font></p>
<p style="margin: 6pt 0pt; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Along defining the main priorities to be focused upon, the Group has maintained and supported social responsibility initiatives. In 2021, more than R$ 13 million have been allocated to several projects, from Company&#8217;s own funds and from incentive laws. At the beginning of 2022, Ultragaz, Ultracargo, Oxiteno and Ipiranga donated 8 thousand basic food baskets to the flood victims in the South region of Bahia, while Ipiranga also delivered more than 10 thousand liters of drinking water to the impacted area. </font></p>
<p style="margin: 6pt 0pt; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">During 2021, <font style="font-weight: bold;">Ultragaz</font> participated in three awareness campaigns. The first one was a partnership with the Brazilian Society of Hypertension and it involved using its reseller network to distribute educational materials about hypertension, reaching more than 3 million people. The second one also involved its resellers distributing releases about the Que Corpo &#201; Esse? (What is this Body?) show, produced by the NGO Childhood Brasil, Unicef, and the TV channel Futura. The show is part of the project Crescer sem Viol&#234;ncia (To grow without violence) and has impacted more than 10 million people. The third campaign was named O Menino da M&#225;scara Amarela (The Boy in the Yellow Mask) and was aimed to provide COVID-19 prevention awareness. More than 23 million people have been impacted by these educational campaigns during the year. Ultragaz has also taken part in women&#8217;s empowerment initiatives: a project in partnership with AFESU (Women&#8217;s Association of Social and University Studies) of qualifying young women that are socially vulnerable so they can have better job opportunities; a partnership with Consulado da Mulher (Consul) and Ita&#250; Social to help educate low-income women; a partnership with Rede Mulher Empreendedora to implement a qualification program to promote entrepreneurship; thematic workshops for women at Instituto Alavanca and FIA (Funda&#231;&#227;o Instituto de Administra&#231;&#227;o); and development of women&#8217;s financial emancipation and women&#8217;s rights awareness programs in partnership with ASPLANDE.&nbsp; </font></p>
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<p style="margin: 0px; break-inside: avoid; text-align: justify; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">In a partnership with FAENE (Faculdade de Neg&#243;cios), <font style="font-weight: bold;">Ultracargo</font> offered a free capacity-building course to port logistics operators, promoting employability in the surroundings areas of the newly opened terminal in Vila do Conde, Barcarena (state of Par&#225;). Ultracargo&#8217;s partnership with Instituto Ayrton Senna resulted in the implementation of a project at municipal public schools involving helping students from the 6th to the 9th grades of the Elementary Education in S&#227;o Lu&#237;s (MA) to develop social and emotional skills. Ultracargo expects to reach more than 10 thousand students in 2022. The company has also been maintaining the support to the Na M&#227;o Certa program to prevent the sexual exploitation of children and adolescents in Brazilian highways, to the newspaper Comunidade em A&#231;&#227;o award from the A Tribuna de Santos (SP) that recognizes social projects in the area and to Polo de Cidadania, an initiative from Comit&#234; de Fomento do Polo Industrial de Cama&#231;ari (COFIC) to provide free health services to the communities of Cama&#231;ari (state of Bahia) and Dias D&#8217;&#193;vila (state of Bahia).</font></p>
<p style="margin: 6pt 0pt; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold;">Oxiteno</font> has updated its social operation strategy and released the Conectar volunteer program. The company also joined the UN Global Compact&#8217;s Young SDG Innovators Program with a digital transformation project and supporting the ODS Eu Pratico campaign to make the SDGs reach more people. Oxiteno also stood out structuring the Social Innovation and Entrepreneurship Challenge, released at the beginning of 2022, and aims to attract entrepreneurs and startups so they can develop sustainable solutions to address social issues. </font></p>
<p style="margin: 6pt 0pt; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold;">Ipiranga</font><font style="font-weight: bold;"> </font>promoted the 14th edition of the traveling program Sa&#250;de na Estrada (Health in the highways) to provide free health care service to truck drivers and travelers in the Brazilian highways along with people living in neighboring areas of the service stations taking part in the program. In 2021, 107 Ipiranga Rodo Rede service stations from 99 cities located in 19 Brazilian states held 123 events, covering over 28 thousand kilometers and providing over 57 thousand health care appointments. Keeping in mind Ipiranga&#8217;s social operational and employee engagement, the company went even further with its volunteer program, donating more than 2 thousand hours of volunteer work. Ipiranga&#8217;s actions in themes such as innovation, sustainability, entrepreneurship, and diversity reached students from public schools in the surrounding areas. Ipiranga has maintained its support to the Na M&#227;o Certa program to combat the sexual exploitation of children and adolescents in highways. During the year, the company released awareness campaigns aimed at drivers and with specific actions, impacting more than 100 representatives from contracted shipping companies. </font></p>
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<p style="margin: 6pt 0pt; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">To increase its positive impacts in society, <font style="font-weight: bold;">Ultra Group</font> seeks to support the financial, social and environmental development of its value chain (suppliers, Ultragaz resellers and Ipiranga resellers and franchisees). Before contracting services or companies, the Risks, Compliance, and Audit department investigates their reputation to ensure they comply with all the legal requirements and the Group&#8217;s ethical and integrity principles.</font></p>
<p style="margin: 6pt 0pt; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The Group also seeks to engage its business partners to take part in the sustainability journey. <font style="font-weight: bold;">Ultragaz</font> has developed two programs: the first one is aimed at critical suppliers, helping them implement best practices in their respective operations, obtaining a participation of 95% in the Carbon Disclosure Project programs (Water Resources and Climate Change); the second program involves developing educational content to help implement the practices related to the topic. Besides that, the Ultragaz&#8217;s program of reseller excellence, named Desafio Lapidar, has been introducing ESG best practices to its reseller network. Resellers have also been important allies to the company&#8217;s social and environmental impact actions. When the operations started in the Miramar (state of Par&#225;) and Mucuripe (state of Cear&#225;) bases, the surrounding resellers were invited to take part in the Ultragaz Reduz campaign to distribute leaflets promoting the conscious consumption of water and energy, besides the need for reduction of emissions of harmful air pollutants.</font></p>
<p style="margin: 6pt 0pt; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold;">Ultracargo</font><font style="font-weight: bold;"> </font>started its Compliance and Anticorruption Policy Training with the suppliers acting as external representatives and ensured all its employees have been informed about anticorruption policies and procedures, with 99.7% of them being trained in this specific topic.</font></p>
<p style="margin: 6pt 0pt; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">As one of the pillars of the 2030 Strategic Sustainability Plan, <font style="font-weight: bold;">Oxiteno</font> reworked its supplier relationship program in 2021. In the program, suppliers are ranked based on their EcoVadis assessment performance, which analyzes topics concerning labor practices, human rights, ethics, sustainable acquisitions and environmental and the Supplier Quality Index (IQF) that considers aspects such as quality, service level and delivery. The best assessed suppliers are prioritized by Oxiteno&#8217;s supply strategy. The company uses the program to also support its partners in developing initiatives to improve their practices and processes.</font></p>
<p style="margin: 6pt 0pt; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold;">Ipiranga</font> has learned a lot with the Jornada do Revendedor (Reseller journey) project, created in 2019 to bring the company and reseller network closer, allowing Ipiranga to continuously improve its relationship stages throughout all levels. The highlights were the creation of the Ipiranga Top program to promote the adoption of best management practices and award the most engaged resellers and the launch of the Fique Ligado Whatsapp communication channel to ensure relevant information can be transmitted as fast as possible to resellers and franchisees. There is also a specific strategy for VIPs (employees from Ipiranga service stations) that includes a series of training and recognition actions. In 2021, more than 40 thousand VIPs from more than 4 thousand service stations received training from Escola de Varejo (Retail school), totaling more than 300 thousand hours of instruction.</font></p>
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<p style="margin: 0cm 0cm 0.0001pt; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font lang="PT-BR" style="font-size: 14.0pt; mso-bidi-font-size: 9.5pt; font-family: 'Open Sans','sans-serif'; color: #051272; mso-themecolor: accent1;"><font style="font-family: 'times new roman', times;">2021 MANAGEMENT REPORT</font> </font><font lang="PT-BR"></font></p>
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<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: right;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><img src="imgf2017895b99f459581b2.jpg" alt="Image1"></font></p>
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<p style="margin: 6pt 0pt 0pt; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #0070c0; font-weight: bold;">Inclusive culture and diversity</font><font style="color: #0070c0; font-weight: bold;"> </font></font></p>
<p style="margin: 6pt 0pt; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold;">Ultra Group</font> ended 2021 with 16 thousand employees that have several opportunities to develop themselves and go further in their career in the Company. As one of the material topics, the Group decided to seek more gender and ethnical equality and inclusion in the administration and leadership positions of the Holding and the other businesses. The Company will also focus on strengthening its work environment making it more inclusive in regards to accessibility, respect, and representation.</font></p>
<p style="margin: 6pt 0pt; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">In 2021, the <font style="font-weight: bold;">Holding</font> released its diversity manifesto and performed a diversity and inclusion survey with its employees. For 2022, the Holding expects to create the Diversity Committee that should help further progress on developing this topic.</font></p>
<p style="margin: 6pt 0pt; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">After structuring the Diversity and Inclusion Committee in 2020, <font style="font-weight: bold;">Ultragaz</font> released its Diversity Program with strategic priorities and operational pillars. Along with the constant use of its communication channels to highlighting the importance of this topic, the company also conducted diversity workshops with its leadership. Ultragaz also conducted a diversity and inclusion survey with its employees and 74% of them answered they felt the work environment was safe in terms of diversity and inclusion, while 77% of them believe the company is undertaking actions to increase diversity among the employees. The company also developed a focus group with cis and trans women to discuss initiatives for women and a mentorship program for women in a leadership position from production areas.</font></p>
<p style="margin: 6pt 0pt; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">In Brazil, <font style="font-weight: bold;">Oxiteno</font><font style="font-weight: bold;"> </font>structured the affinity groups of its Diversity Program (women, professionals with disabilities, LGBTQIA+ and racial/ethnic). The Diversity Program was also released in the USA and Mexico operations. Another highlight was its adhesion to the UN Global Compact&#8217;s Equity is Priority campaign. The company also conducted cultural sensitivity training with the leadership, revitalized its internship programs to promote the hiring of more black employees, women and LGBTQIA+ employees, and has been working with specialized consulting services in strategies to attract more professionals with disabilities.</font></p>
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<p style="margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-size: 10pt;">As part of its Diversity Program,<font style="font-weight: bold;"> </font><font style="font-weight: bold;">Ipiranga</font> joined the Women&#8217;s Empowerment Principles (WEPs), an initiative from both the UN Global Compact and the UN Women, as well as to the Sim &#224; Igualdade Racial (Yes to Racial Equality) seal granted by Instituto Identidades Brasil (Brazil Identities Institute). During both cycles of its internship program in 2021, Ipiranga allocated 50% of its intern positions to applicants self-declared as black and of the approved applicants, 66% of them effectively were black. In terms of gender, Ipiranga ended 2021 with 43% of its Executive Board comprised of women (3 out of 7 members), conducted a career acceleration program with 30 employees (Women Speed), and in addition to this 75% of the new jobs within the trainee program are held by women. Ipiranga also participated in the Diver S/A (for LGBTQIA+ professionals) and Inclui PcD (for professionals with disabilities) job fairs. The company ended the year providing a new benefit to same-sex couples: a 180-day leave to LGBTQIA+ employees of any gender who are taking care of their newborns.</font></p>
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<p style="margin: 6pt 0pt; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold;">Extrafarma</font> had a Diversity Program in place since 2019, but in 2021 it conducted the first survey of its employees to structure more assertive actions towards diversity. The company also released a diversity track in its distance learning paths, totaling 42 paths, and held engagement and sensitivity events, such as the Women&#8217;s Week, the Diversity Week and the Forum for the Black Awareness.&nbsp;</font></p>
<p style="margin: 10pt 0pt 0pt; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold;">Number of employees</font><font style="font-weight: bold;"> </font></font></p>
<table border="0" cellpadding="0" cellspacing="0" width="60%" style="height: 208px; border-collapse: collapse; width: 60%; font-family: 'times new roman'; font-size: 10pt; margin-left: auto; margin-right: auto;">

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<td colspan="4" height="33" width="493" style="height: 24px; width: 99.3878%; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #ffffff; font-size: 10.5pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: normal; text-align: center; background: #002060;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Number of employees by business</font></td>
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<td height="8" style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 11pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; background: white; width: 27.7551%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 11pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; background: white; height: 10px; width: 22.2449%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 11pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; background: white; height: 10px; width: 22.2449%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 11pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; background: white; height: 10px; width: 27.1429%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
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<td height="27" style="height: 20px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: 1pt solid #1f497d; border-right: 1pt solid #44546a; border-bottom: none; border-left: 1pt solid #1f497d; border-image: initial; white-space: nowrap; text-align: center; background: white; width: 27.7551%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td rowspan="2" style="border-width: 1pt; border-style: solid; border-color: #1f497d #44546a; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-image: initial; white-space: nowrap; text-align: center; background: white; height: 30px; width: 22.2449%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2021</font></td>
<td rowspan="2" style="border-width: 1pt; border-style: solid; border-color: #1f497d #44546a; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-image: initial; white-space: nowrap; text-align: center; background: white; height: 30px; width: 22.2449%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2020</font></td>
<td rowspan="2" width="134" style="border-width: 1pt; border-style: solid; border-color: #1f497d #1f497d #1f497d #44546a; width: 27.1429%; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-image: initial; white-space: normal; text-align: center; background: white; height: 30px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#916; (%)</font><br><font style="font-family: 'times new roman', times; font-size: 10pt;"><font class="font5">employees<br>2021 vs 2020</font></font></td>
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<td height="27" style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: none; border-right: 1pt solid #44546a; border-bottom: 1pt solid #1f497d; border-left: 1pt solid #1f497d; border-image: initial; white-space: nowrap; text-align: center; background: white; width: 27.7551%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
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<tr style="height: 10px;">
<td height="8" style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 11pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; background: white; width: 27.7551%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 11pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; background: white; height: 10px; width: 22.2449%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 11pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; background: white; height: 10px; width: 22.2449%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 11pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; background: white; height: 10px; width: 27.1429%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
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<tr style="height: 16px;">
<td height="22" width="139" style="height: 16px; width: 27.7551%; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #44546a; white-space: normal;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Ultragaz</font></td>
<td width="110" style="border-left: none; width: 22.2449%; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: 1pt solid #44546a; border-right: 1pt solid #44546a; border-bottom: 1pt solid #44546a; border-image: initial; white-space: normal; text-align: center; height: 16px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3,387</font></td>
<td width="110" style="border-left: none; width: 22.2449%; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: 1pt solid #44546a; border-right: 1pt solid #44546a; border-bottom: 1pt solid #44546a; border-image: initial; white-space: normal; text-align: center; height: 16px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3,397</font></td>
<td width="134" style="border-left: none; width: 27.1429%; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: 1pt solid #44546a; border-right: 1pt solid #44546a; border-bottom: 1pt solid #44546a; border-image: initial; white-space: normal; text-align: center; height: 16px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">0%</font></td>
</tr>
<tr style="height: 16px;">
<td height="22" width="139" style="height: 16px; border-top: none; width: 27.7551%; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-right: 1pt solid #44546a; border-bottom: 1pt solid #44546a; border-left: 1pt solid #44546a; border-image: initial; white-space: normal;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Ultracargo</font></td>
<td width="110" style="border-top: none; border-left: none; width: 22.2449%; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-right: 1pt solid #44546a; border-bottom: 1pt solid #44546a; border-image: initial; white-space: normal; text-align: center; height: 16px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">870</font></td>
<td width="110" style="border-top: none; border-left: none; width: 22.2449%; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-right: 1pt solid #44546a; border-bottom: 1pt solid #44546a; border-image: initial; white-space: normal; text-align: center; height: 16px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">926</font></td>
<td width="134" style="border-top: none; border-left: none; width: 27.1429%; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-right: 1pt solid #44546a; border-bottom: 1pt solid #44546a; border-image: initial; white-space: normal; text-align: center; height: 16px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-6%</font></td>
</tr>
<tr style="height: 16px;">
<td height="22" width="139" style="height: 16px; border-top: none; width: 27.7551%; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-right: 1pt solid #44546a; border-bottom: 1pt solid #44546a; border-left: 1pt solid #44546a; border-image: initial; white-space: normal;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Oxiteno</font></td>
<td width="110" style="border-top: none; border-left: none; width: 22.2449%; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-right: 1pt solid #44546a; border-bottom: 1pt solid #44546a; border-image: initial; white-space: normal; text-align: center; height: 16px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,871</font></td>
<td width="110" style="border-top: none; border-left: none; width: 22.2449%; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-right: 1pt solid #44546a; border-bottom: 1pt solid #44546a; border-image: initial; white-space: normal; text-align: center; height: 16px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,851</font></td>
<td width="134" style="border-top: none; border-left: none; width: 27.1429%; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-right: 1pt solid #44546a; border-bottom: 1pt solid #44546a; border-image: initial; white-space: normal; text-align: center; height: 16px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1%</font></td>
</tr>
<tr style="height: 16px;">
<td height="22" width="139" style="height: 16px; border-top: none; width: 27.7551%; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-right: 1pt solid #44546a; border-bottom: 1pt solid #44546a; border-left: 1pt solid #44546a; border-image: initial; white-space: normal;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Ipiranga&#185;</font></td>
<td width="110" style="border-top: none; border-left: none; width: 22.2449%; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-right: 1pt solid #44546a; border-bottom: 1pt solid #44546a; border-image: initial; white-space: normal; text-align: center; height: 16px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">4,008</font></td>
<td width="110" style="border-top: none; border-left: none; width: 22.2449%; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-right: 1pt solid #44546a; border-bottom: 1pt solid #44546a; border-image: initial; white-space: normal; text-align: center; height: 16px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3,378</font></td>
<td width="134" style="border-top: none; border-left: none; width: 27.1429%; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-right: 1pt solid #44546a; border-bottom: 1pt solid #44546a; border-image: initial; white-space: normal; text-align: center; height: 16px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">19%</font></td>
</tr>
<tr style="height: 16px;">
<td height="22" width="139" style="height: 16px; border-top: none; width: 27.7551%; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-right: 1pt solid #44546a; border-bottom: 1pt solid #44546a; border-left: 1pt solid #44546a; border-image: initial; white-space: normal;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Extrafarma</font></td>
<td width="110" style="border-top: none; border-left: none; width: 22.2449%; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-right: 1pt solid #44546a; border-bottom: 1pt solid #44546a; border-image: initial; white-space: normal; text-align: center; height: 16px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">5,713</font></td>
<td width="110" style="border-top: none; border-left: none; width: 22.2449%; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-right: 1pt solid #44546a; border-bottom: 1pt solid #44546a; border-image: initial; white-space: normal; text-align: center; height: 16px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">5,921</font></td>
<td width="134" style="border-top: none; border-left: none; width: 27.1429%; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-right: 1pt solid #44546a; border-bottom: 1pt solid #44546a; border-image: initial; white-space: normal; text-align: center; height: 16px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-4%</font></td>
</tr>
<tr style="height: 16px;">
<td height="22" width="139" style="height: 16px; border-top: none; width: 27.7551%; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-right: 1pt solid #44546a; border-bottom: 1pt solid #44546a; border-left: 1pt solid #44546a; border-image: initial; white-space: normal;"><font style="font-family: 'times new roman', times; font-size: 10pt;">abastece a&#237;</font></td>
<td width="110" style="border-top: none; border-left: none; width: 22.2449%; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-right: 1pt solid #44546a; border-bottom: 1pt solid #44546a; border-image: initial; white-space: normal; text-align: center; height: 16px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">138</font></td>
<td width="110" style="border-top: none; border-left: none; width: 22.2449%; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-right: 1pt solid #44546a; border-bottom: 1pt solid #44546a; border-image: initial; white-space: normal; text-align: center; height: 16px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">68</font></td>
<td width="134" style="border-top: none; border-left: none; width: 27.1429%; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-right: 1pt solid #44546a; border-bottom: 1pt solid #44546a; border-image: initial; white-space: normal; text-align: center; height: 16px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">103%</font></td>
</tr>
<tr style="height: 16px;">
<td height="22" width="139" style="height: 16px; border-top: none; width: 27.7551%; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 9pt; font-weight: 400; font-style: italic; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-right: 1pt solid #44546a; border-bottom: 1pt solid #44546a; border-left: 1pt solid #44546a; border-image: initial; white-space: normal;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Holding&#178;</font></td>
<td width="110" style="border-top: none; border-left: none; width: 22.2449%; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-right: 1pt solid #44546a; border-bottom: 1pt solid #44546a; border-image: initial; white-space: normal; text-align: center; height: 16px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">455</font></td>
<td width="110" style="border-top: none; border-left: none; width: 22.2449%; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-right: 1pt solid #44546a; border-bottom: 1pt solid #44546a; border-image: initial; white-space: normal; text-align: center; height: 16px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">405</font></td>
<td width="134" style="border-top: none; border-left: none; width: 27.1429%; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-right: 1pt solid #44546a; border-bottom: 1pt solid #44546a; border-image: initial; white-space: normal; text-align: center; height: 16px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">12%</font></td>
</tr>
<tr style="height: 6px;">
<td height="8" style="height: 6px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 11pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; background: white; width: 27.7551%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 11pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; background: white; height: 6px; width: 22.2449%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 11pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; background: white; height: 6px; width: 22.2449%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 11pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; background: white; height: 6px; width: 27.1429%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
</tr>
<tr style="height: 16px;">
<td height="22" width="139" style="height: 16px; width: 27.7551%; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #44546a; white-space: normal;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Total</font></td>
<td width="110" style="border-left: none; width: 22.2449%; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: 1pt solid #44546a; border-right: 1pt solid #44546a; border-bottom: 1pt solid #44546a; border-image: initial; white-space: normal; text-align: center; height: 16px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">16,442</font></td>
<td width="110" style="border-left: none; width: 22.2449%; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: 1pt solid #44546a; border-right: 1pt solid #44546a; border-bottom: 1pt solid #44546a; border-image: initial; white-space: normal; text-align: center; height: 16px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">15,946</font></td>
<td width="134" style="border-left: none; width: 27.1429%; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: 1pt solid #44546a; border-right: 1pt solid #44546a; border-bottom: 1pt solid #44546a; border-image: initial; white-space: normal; text-align: center; height: 16px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3%</font></td>
</tr>

</table>
<table style="width: 60%; font-family: 'times new roman'; font-size: 10pt; margin-left: auto; margin-right: auto; height: 34px;">

<tr style="height: 17px;">
<td style="width: 100%; height: 17px;"><font style="font-size: 8pt;"><font style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">&#185;&nbsp;</font><font style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">Includes 780&nbsp;</font><font style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">AmPm&#8217;s</font><font style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">&nbsp;employees in 2021 and 296 in 2020 &#8211; higher&nbsp;</font><font style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">number of&nbsp;</font><font style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">company-operated stores</font></font></td>
</tr>
<tr style="height: 17px;">
<td style="width: 100%; height: 17px;"><font style="font-size: 8pt;"><font style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">&#178;</font><font style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">&nbsp;Includes 323&nbsp;</font><font style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">employees of the&nbsp;</font><font style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">Shared Services</font><font style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">&nbsp;Center&nbsp;</font><font style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">(SSC)&nbsp;</font><font style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">in 2021 and 279 in 2020</font></font></td>
</tr>

</table>
<p style="margin: 0pt; text-indent: 28.35pt;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></p>
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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>161</font></font></td>
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<p style="margin: 0cm 0cm 0.0001pt; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font lang="PT-BR" style="font-size: 14.0pt; mso-bidi-font-size: 9.5pt; font-family: 'Open Sans','sans-serif'; color: #051272; mso-themecolor: accent1;">2021 MANAGEMENT REPORT </font><font lang="PT-BR"></font></p>
</td>
<td style="width: 50%; height: 106px; vertical-align: bottom;" valign="bottom">
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: right;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><img src="imgf2017895b99f459581b2.jpg" alt="Image1"></font></p>
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<p style="margin: 0px; text-align: justify; text-indent: 0px;"><font style="color: #0070c0; font-size: 10pt; font-weight: bold; font-family: 'times new roman', times;">Health and safety</font><br></p>
</div>
<p style="margin: 6pt 0pt; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The Holding and the businesses have policies, tools, and programs in place to ensure the health and safety of its employees, third-party professionals, and suppliers. Management also seeks to ensure the safety of the processes to avoid negatively impacting the environment and the communities living close to the Company&#8217;s operations. </font></p>
<p style="margin: 6pt 0pt; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The Group has a Safety Committee to amplify good practices and follow indicators from all the businesses. </font></p>
<p style="margin: 6pt 0pt; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">In 2021, <font style="font-weight: bold;">Ultra Group</font> continued upholding all the measures required to protect employees&#8217; health during the pandemic and monitored all those who tested positive for COVID-19 until they were recovered. The Company also monitored how many employees were getting vaccinated, which is an important data to resume on-site working of the teams that have been working from home. By the end of 2021, the Group had 79% of its employees fully vaccinated. </font></p>
<p style="margin: 6pt 0pt; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The Company also invested in mental health support programs for its employees. The <font style="font-weight: bold;">Holding</font>, for example, announced the Ultra Bem-Estar (Well-being) project, in which employees receive a daily online questionnaire and based on the answers, the health team contacts employees to better understand what is going on and, if necessary, the health team then makes the link between the employee and a specialized treatment with psychologists and psychiatrists. <font style="font-weight: bold;">Oxiteno</font> also prepared a campaign to raise mental health awareness among the teams. <font style="font-weight: bold;">Ipiranga</font><font style="font-weight: bold;"> </font>started a partnership with a wellness platform, providing online specialized professional consultation, content and podcasts that contribute to emotional health.&nbsp;&nbsp; </font></p>
<p style="margin: 6pt 0pt; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Related to safety, <font style="font-weight: bold;">Ultragaz</font> prioritized actions to consolidate its safety culture. These actions involved individual interviews, discussion groups and field trips to some operational units to help the company understand the diagnosis on the safety topic. The company also consolidated the Valoriza Program, which covers integrative health topics with its employees. <font style="font-weight: bold;">Ultracargo</font> also assessed its employees to have a diagnosis of the company&#8217;s safety maturity level. The company implemented the Human Factor-Based Accident Analysis Committee to understand and identify the causes of deviations and accidents as well as the development of the maturity stages in occupational and process safety. The diagnosis led to the development of the Strategic Plan for the Safety Culture Transformation. Some of <font style="font-weight: bold;">Oxiteno</font>&#8217;s actions involved the senior leadership undertaking capacity building and adhering to the Center for Chemical Process Safety (CCPS) for the American Institute of Chemical Engineers (AIChE), a world reference in process safety. </font></p>
<p style="margin: 6pt 0pt; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold;">Ipiranga</font> also assessed its safety culture diagnosis in 2021. The process considered the perceptions of employees, including leaderships and administrative and operational employees. Visits were made to the company&#8217;s operational units, AmPm&#8217;s distribution centers and AmPm and JetOil stores. The results led to the development of a safety evolution plan, a set of actions to further consolidate the safety culture in all the company&#8217;s areas. Another noteworthy point in 2021 was the creation of Reporta A&#237;, a tool to report only safety-related deviations, whether they concern physical conditions, procedures, or behavior.</font></p>
<p style="margin: 6pt 0pt 0pt; page-break-inside: avoid; text-align: justify;"><font style="color: #0070c0; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Governance and integrity</font></p>
<p style="margin: 6pt 0pt; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold;">Ultra Group</font> is recognized for its integrity and for adhering to the best practices of governance. As one of its material topics, the Company is continuously seeking to evolve its practices and positively influence its peers, business partners and other stakeholders.</font></p>
<p style="margin: 6pt 0pt; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">In the current composition of the Board of Directors, the highest governance body, 60% of the members are independent and 20% of them are women. At the end of 2021, the Company was granted the Women on Board (WOB) certification from an independent initiative supported by UN Women to companies that had at least two women on the Board of Directors.</font></p>
<p style="margin: 6pt 0pt; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">In 2021, a leadership succession plan was announced for Ultrapar&#8217;s Board of Directors, that will be effective as of April 2023. As part of this process, Marcos Lutz will be the CEO of Ultra Group from January 2022 until April 2023, when he will return to the Board. Frederico Curado, Ultra Group&#8217;s CEO until the end of 2021, assumed as Vice-Chairman of the Board of Directors in January 2022, a position previously held by Lucio de Castro Andrade Filho, which retired after 45 years working for the Company.</font></p>
<p style="margin: 6pt 0pt; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Besides that, Leonardo Linden, formerly Ipiranga&#8217;s Commercial Vice-President, was appointed as CEO of the company in September 2021. Marcelo Ara&#250;jo, who held the CEO position of Ipiranga at that time, assumed as Chief Corporate Development and Advocacy Officer of Ultrapar, a position that was created to oversee the Sustainability, Institutional Relations, Legal and Risks areas.</font></p>
<p style="margin: 6pt 0pt; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">During the year the Board of Directors updated the Code of Ethics, the Anticorruption and Relationships with Public Officials Corporate Policy, the Related Party Transactions and Conflict of Interests Corporate Policy, the Material Notice Disclosure Policy and the Securities Trading Policy.</font></p>
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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>162</font></font></td>
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<p style="margin: 6pt 0pt; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Concerning the Compliance and Ethics Program, an action plan was developed to improve points identified in the previous compliance culture diagnosis carried out in 2020 and that set the Ultra Group as having an Initial Proactive profile according to the most advanced profile of the Hearts &amp; Minds matrix. Among notable actions was that of increasing the team&#8217;s understanding of how the ethical guidelines apply to daily work and to capacitate the team in building and engaging with critical suppliers. These suppliers are now also joining Ipiranga and Ultragaz&#8217;s resellers, which always participated in the Group&#8217;s ethics and compliance capacity training. In 2021, the resellers were instructed about the new updated Related Party Transactions and Conflict of Interests Corporate Policy. The employees of the Holding and of the businesses were also instructed about this new document. </font></p>
<p style="margin: 6pt 0pt; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The Compliance and Ethics Program exists since 2015 and is managed by the Risks, Compliance and Audit department with the support of the compliance management from the businesses. Related to ethics, the department directly reports to the Conduct Committee, which advises the Board of Directors and is presided by an independent member. All the Compliance and Ethics Program&#8217;s initiatives are overseen by the Conduct Committee. Concerning risks and audit topics, the department directly reports to the Risks and Audit Committee, also related to the Board of Directors. The department also answers to the Group&#8217;s Fiscal Council.</font></p>
<p style="margin: 6pt 0pt; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Concerning information security and data privacy for employees, clients, consumers, suppliers, business partners and other groups, Ultra Group follows the guidelines of the Personal Data Protection and Privacy Corporate Policy approved in 2020 and the Information Security Policy updated in 2021. Throughout 2021, the Holding and the businesses made efforts to ensure compliance with the General Data Protection Law (LGPD). The Privacy Program and the Personal Data Protection Committee, answering to the Executive Board of Ultra Group, were structured; the businesses&#8217; Privacy Offices were implemented; and the Data Protection Officers (DPOs), in charge of data governance, were appointed. Internal processes were also updated, and the employees received sensitivity training as well as took part in sensitivity campaigns.</font></p>
<p style="margin: 6pt 0pt; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times;"><font style="font-size: 10pt;">The whole existing structure helped minimize the impacts of the cyberattack that occurred in January 2021. As soon as the attack was noticed, the Group suspended its information technology systems, which were restarted a few days after the incident with additional security layers. Later, other measures were adopted to improve even more the security level in the Company&#8217;s information technology environment.</font><font style="font-size: 9pt;"> </font></font></p>
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<p style="line-height: 14pt; margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-family: 'times new roman', times;"><font style="color: #051272; font-size: 12pt; font-weight: bold;">R</font><font style="color: #051272; font-size: 12pt; font-weight: bold;">isk</font><font style="color: #051272; font-size: 12pt; font-weight: bold;"> </font><font style="color: #051272; font-size: 12pt; font-weight: bold;">Management</font><font style="color: #051272; font-size: 12pt; font-weight: bold;">, Compliance and Audit</font><font style="color: #051272; font-size: 12pt; font-weight: bold;">ing</font></font></p>
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<p style="margin: 6pt 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The Ultra Group has an organized governance structure for the risks, compliance and auditing themes, covering all its businesses.</font></p>
<p style="margin: 6pt 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The Risks, Compliance and Audit department have different reporting levels in the organization according to each of its competencies. The department is linked administratively to the Ultra Group&#8217;s Chief Corporate Development and Advocacy Officer, being responsible for the integrated management of risks, maintenance of the Ethics and Compliance Program and for the internal audit. The department reports to the Audit and Risks Committee of the Board of Directors in the management of the corporate risks, in the consolidation of information and controls and in the conducting of the general internal audit process.</font></p>
<p style="margin: 6pt 0pt; text-align: justify;"><font style="font-family: 'times new roman', times;"><font style="font-size: 10pt;">The Statutory Audit and Risks Committee, constituted in 2019, was set up to advise the Board of Directors on the supervision of: (i) the integrity and quality of the Company&#8217;s financial statements, (ii) the compliance of the Company with legal and regulatory requirements, (iii) the qualification and independence of the independent auditor, (iv) the performance of the Company&#8217;s internal auditing functions (represented by the Risks, Compliance and Audit department) and of the independent auditors, and (v) the risk management. The composition of the Statutory Audit and Risks Committee is of three members who are also independent members of the Company.</font><font style="font-size: 9pt;"> </font></font></p>
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<p style="margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Since 2004, Ultra Group has established a Conduct Committee with the purpose of promoting respect, compliance and improvement of ethical principles as well as monitoring the compliance to the Company&#8217;s Code of Ethics. Among its various duties, the highlights are: (i) managing the enforcement of the Code of Ethics, its guidelines and related policies; (ii) overseeing the enforcement and effectiveness of the principles provided by the Code of Ethics; (iii) reviewing and approving the Compliance and Ethics Program and overseeing its enforcement to ensure it is being complied with; (iv) recommending proper disciplinary, administrative or legal measures for the topics the Committee deals with and that shall be adopted by the Ultra Group&#8217;s bodies as well as resolve on whether it is necessary to discuss the issue with the Risks and Audit Committee or the Board of Directors of the Company to enforce any additional measures required. The Conduct Committee has an external and independent president, and its vice-president comes from the Board of Directors.</font></p>
<p style="margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Integrated Risk Management</font></p>
<p style="margin: 6pt 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Ultra Group&#8217;s risk management structure combines the corporate coordination to a direct interface with each one of the businesses, ensuring that this process is comprehensive and takes into consideration specific sectorial characteristics.</font></p>
<p style="margin: 6pt 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The Systemic Risks Assessment comprises themes which cover the leading threats to the operations of the businesses and are grouped into five families with an interdependent look and dynamic evaluations. In 2021, Ultra Group reviewed and approved the Risk Management Corporate Policy in the Board of Directors, reinforcing its corporate governance.</font></p>
<p style="margin: 6pt 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The discussions take place on a structured and independent basis at each business and in the Holding, covering risks themes both internal and external, evaluating scenarios quantified in terms of impact and vulnerability, and generating mitigating action plans. </font></p>
<p style="margin: 6pt 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold;">Internal and External </font><font style="font-weight: bold;">Audits</font><font style="font-weight: bold;"> </font></font></p>
<p style="margin: 6pt 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Linked to the Risks, Compliance and Audit department, the Internal Audit unit is responsible for monitoring the procedures and controls of all businesses, identifying opportunities for improvement on the risks management that contribute to the updating of the risks map and the Ethics and Compliance Program. The unit also executes internal operational and financial audits, according to the plan approved annually by the Risks and Audit Committee and performs effectiveness tests of internal controls as part of the process of Sarbanes-Oxley (SOX) certification, a requirement for the financial statements published in the United States market.<font style="background-color: #ffff00;"> </font></font></p>
<p style="margin: 6pt 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The External Audit is responsible for auditing the financial statements of the Company, which consider the understanding of the internal controls that are relevant to the preparing process of the financial statements and carrying out the necessary procedures to issue the independent auditors' report on the individual and consolidated financial statements.</font></p>
<p style="margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Compliance</font></p>
<p style="margin: 6pt 0pt; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Ultra Group holds a Compliance and Ethics Program guided by the Code of Ethics, with guidelines approved by the Board of Directors and it is overseen by the Conduct Committee. The program provides annual topics for communication and training, such as combatting of corruption, good anti-trust practices, conflicts of interest, measures against harassment and discrimination, among others, always with the purpose of improving the Company&#8217;s integrity culture. In 2021, the program&#8217;s consolidated results were published to be accessed by all Ultra Group&#8217;s employees, and the Code of Ethics and the Anticorruption Corporate Policy were reviewed to reinforce the Company&#8217;s commitment to maintaining the credibility and good reputation of all its businesses.</font></p>
<p style="margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;">The Ethics and Compliance Program also determines that a whistleblowing channel should be made available to all stakeholders to receive complaints, anonymity and non-retaliation being guaranteed to complainants. Managed by an independent outside company, Ultra&#8217;s Open Channel can be used by employees and outside stakeholders, receiving in Brazil and from abroad requests for orientation on guidelines relating to ethics and integrity and notifications on eventual deviations from the Code of Ethics and corporate policies. The reports are sent to the Risks, Compliance, and Audit department, responsible for handling complaints with the support of the Conduct Committee. In 2021, the channel received 790 reports, which shows that the ethical and integrity awareness actions has maintained the trust of the channel.</font>&nbsp;</font></p>
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<p style="margin: 6pt 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar&#8217;s combined average daily financial volume on B3 and NYSE totaled R$ 159 million/day in 2021 (-12%). Ultrapar&#8217;s shares ended 2021 quoted at R$ 14.54 on B3, a depreciation of 39% in the year, while the Ibovespa stock index fell by 12%. In NYSE, Ultrapar&#8217;s shares decreased 42% in the year, while the Dow Jones stock index appreciated 19%. Ultrapar ended 2021 with a market cap of R$ 16 billion.</font></p>
<p style="margin: 6pt 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">In February and August 2021, Ultrapar&#8217;s Board of Directors approved the issuance of 70,939 and 31,032 common shares, respectively, with the same rights attributed to the remaining shares of the Company already issued, due to the partial exercise of the subscription warrants issued by Ultrapar to the former Extrafarma shareholders. As a consequence of these issuances, Ultrapar&#8217;s capital stock is represented by 1,115,107,683 common shares, all of them nominative and with no par value.</font></p>
<p style="margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt 0pt 10pt; text-align: center;"><font style="font-family: 'times new roman', times;"><font style="font-size: 9pt; font-weight: bold;">Performance of</font><font style="font-size: 9pt; font-weight: bold;"> UGPA3 x </font><font style="font-size: 9pt; font-weight: bold;">Ibovespa</font><font style="font-size: 9pt; font-weight: bold;"> &#8211; 20</font><font style="font-size: 9pt; font-weight: bold;">2</font><font style="font-size: 9pt; font-weight: bold;">1</font><font style="font-size: 9pt; font-weight: bold;"> </font><font style="font-size: 8pt; font-weight: bold;">(</font><font style="font-size: 8pt; font-weight: bold;">Dec 30, 2020 =</font><font style="font-size: 8pt; font-weight: bold;"> 100)</font></font></p>
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<p style="line-height: 14pt; margin: 0pt 0pt 6pt;"><font style="font-family: 'times new roman', times;"><font style="color: #051272; font-size: 12pt; font-weight: bold;">Dividends</font><font style="font-size: 12pt; font-weight: bold;"> </font></font></p>
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<td rowspan="2" width="101" style="border-bottom: 1pt solid #1f497d; width: 31.9672%; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: 1pt solid #1f497d; border-right: 1pt solid #1f497d; border-left: none; border-image: initial; white-space: normal; text-align: center; background: white; height: 42.3125px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Dividend </font><br><font style="font-family: 'times new roman', times; font-size: 10pt;">per share (R$)</font></td>
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<td height="20" width="97" style="height: 15px; border-top: none; width: 30.6011%; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-right: 1pt solid #44546a; border-bottom: 1pt solid #44546a; border-left: 1pt solid #44546a; border-image: initial; white-space: normal; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2020</font></td>
<td width="119" style="border-top: none; border-left: none; width: 37.1585%; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-right: 1pt solid #44546a; border-bottom: 1pt solid #44546a; border-image: initial; white-space: normal; text-align: center; height: 15px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">480</font></td>
<td width="101" style="border-top: none; border-left: none; width: 31.9672%; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-right: 1pt solid #44546a; border-bottom: 1pt solid #44546a; border-image: initial; white-space: normal; text-align: center; height: 15px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">0.44</font></td>
</tr>
<tr style="height: 15px;">
<td height="20" width="97" style="height: 15px; border-top: none; width: 30.6011%; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-right: 1pt solid #44546a; border-bottom: 1pt solid #44546a; border-left: 1pt solid #44546a; border-image: initial; white-space: normal; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2019</font></td>
<td width="119" style="border-top: none; border-left: none; width: 37.1585%; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-right: 1pt solid #44546a; border-bottom: 1pt solid #44546a; border-image: initial; white-space: normal; text-align: center; height: 15px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">479</font></td>
<td width="101" style="border-top: none; border-left: none; width: 31.9672%; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-right: 1pt solid #44546a; border-bottom: 1pt solid #44546a; border-image: initial; white-space: normal; text-align: center; height: 15px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">0.44</font></td>
</tr>
<tr style="height: 15px;">
<td height="20" width="97" style="height: 15px; border-top: none; width: 30.6011%; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-right: 1pt solid #44546a; border-bottom: 1pt solid #44546a; border-left: 1pt solid #44546a; border-image: initial; white-space: normal; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2018</font></td>
<td width="119" style="border-top: none; border-left: none; width: 37.1585%; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-right: 1pt solid #44546a; border-bottom: 1pt solid #44546a; border-image: initial; white-space: normal; text-align: center; height: 15px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">685</font></td>
<td width="101" style="border-top: none; border-left: none; width: 31.9672%; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-right: 1pt solid #44546a; border-bottom: 1pt solid #44546a; border-image: initial; white-space: normal; text-align: center; height: 15px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">0.63</font></td>
</tr>
<tr style="height: 15px;">
<td height="20" width="97" style="height: 15px; border-top: none; width: 30.6011%; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-right: 1pt solid #44546a; border-bottom: 1pt solid #44546a; border-left: 1pt solid #44546a; border-image: initial; white-space: normal; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2017</font></td>
<td width="119" style="border-top: none; border-left: none; width: 37.1585%; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-right: 1pt solid #44546a; border-bottom: 1pt solid #44546a; border-image: initial; white-space: normal; text-align: center; height: 15px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">951</font></td>
<td width="101" style="border-top: none; border-left: none; width: 31.9672%; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-right: 1pt solid #44546a; border-bottom: 1pt solid #44546a; border-image: initial; white-space: normal; text-align: center; height: 15px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">0.88</font></td>
</tr>

</table>
<p style="margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times;"><font style="font-size: 9pt; font-weight: bold;"><br></font></font></p>
<p style="margin: 6pt 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">In 2021, Ultrapar declared dividends of R$ 404 million, a payout of 46% on the net income for the year, equivalent to 50% of the net income attributed to shareholders of Ultrapar after 5% of legal reserve, and a dividend yield of 2.1% on the average price of Ultrapar&#8217;s shares. </font></p>
<p style="margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></p>
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<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>165</font></font></td>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
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<td style="width: 50%; height: 106px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0cm 0cm 0.0001pt; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font lang="PT-BR" style="font-size: 14.0pt; mso-bidi-font-size: 9.5pt; font-family: 'Open Sans','sans-serif'; color: #051272; mso-themecolor: accent1;">2021 MANAGEMENT REPORT </font><font lang="PT-BR"></font></p>
</td>
<td style="width: 50%; height: 106px; vertical-align: bottom;" valign="bottom">
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: right;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><img src="imgf2017895b99f459581b2.jpg" alt="Image1"></font></p>
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<p style="margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-size: 9pt;">&nbsp;</font></p>
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</div>
<p style="margin: 0px; text-align: justify; text-indent: 0px;"><font style="color: #051272; font-family: 'times new roman', times; font-size: 12pt; font-weight: bold;">ANALYSIS OF FINANCIAL PERFORMANCE IN 2021</font></p>
<p style="margin: 0px; text-align: justify; text-indent: 0px;"><font style="color: #051272; font-family: 'times new roman', times; font-size: 12pt; font-weight: bold;"><br></font></p>
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<td style="border-bottom-color: #051272; border-bottom-style: solid; border-bottom-width: 2.25pt; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 518.75pt;">
<p style="line-height: 14pt; margin: 0pt 0pt 6pt;"><font style="font-family: 'times new roman', times;"><font style="color: #051272; font-size: 12pt; font-weight: bold;">Economic</font><font style="color: #051272; font-size: 12pt; font-weight: bold;">-</font><font style="color: #051272; font-size: 12pt; font-weight: bold;">operati</font><font style="color: #051272; font-size: 12pt; font-weight: bold;">o</font><font style="color: #051272; font-size: 12pt; font-weight: bold;">n</font><font style="color: #051272; font-size: 12pt; font-weight: bold;">al</font><font style="color: #051272; font-size: 12pt; font-weight: bold;"> </font><font style="color: #051272; font-size: 12pt; font-weight: bold;">environment</font></font></p>
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<p style="margin: 0px; text-align: center; text-indent: 0px;"><br></p>
<table border="0" cellpadding="0" cellspacing="0" width="50%" style="height: 149px; border-collapse: collapse; width: 50%; font-family: 'times new roman'; font-size: 10pt; margin-left: auto; margin-right: auto;">

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<td colspan="4" height="33" width="454" style="height: 24px; width: 341pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #ffffff; font-size: 10.5pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: normal; text-align: center; background: #002060;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Macroeconomic indicators</font></td>
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<tr style="height: 6px;">
<td height="8" style="height: 6px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 11pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 11pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; height: 6px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 11pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; height: 6px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 11pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; height: 6px;"></td>
</tr>
<tr style="height: 27px;">
<td height="36" width="212" style="height: 27px; width: 159pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #002060; font-size: 11pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: 1pt solid #002060; border-right: none; border-bottom: 1pt solid windowtext; border-left: 1pt solid #002060; border-image: initial; white-space: normal; text-align: left;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: 1pt solid #002060; border-right: none; border-bottom: 1pt solid windowtext; border-left: none; border-image: initial; white-space: nowrap; text-align: center; height: 27px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2021</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: 1pt solid #002060; border-right: none; border-bottom: 1pt solid windowtext; border-left: none; border-image: initial; white-space: nowrap; text-align: center; height: 27px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2020</font></td>
<td width="82" style="width: 62pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: 1pt solid #002060; border-right: 1pt solid #002060; border-bottom: 1pt solid windowtext; border-left: none; border-image: initial; white-space: normal; text-align: center; height: 27px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#916; (%) </font><br><font style="font-family: 'times new roman', times; font-size: 10pt;">2021 v 2020</font></td>
</tr>
<tr style="height: 15px;">
<td height="20" width="212" style="height: 15px; width: 159pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #595959; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: none; border-right: none; border-bottom: none; border-left: 1pt solid #002060; border-image: initial; white-space: normal; text-align: left;"><font style="font-family: 'times new roman', times; font-size: 10pt;">GDP*</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #595959; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; height: 15px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">4.5%</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #595959; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; height: 15px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-3.9%</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #595959; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: none; border-right: 1pt solid #002060; border-bottom: none; border-left: none; border-image: initial; white-space: nowrap; text-align: center; height: 15px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">8.4pp</font></td>
</tr>
<tr style="height: 15px;">
<td height="20" width="212" style="height: 15px; width: 159pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #595959; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: none; border-right: none; border-bottom: none; border-left: 1pt solid #002060; border-image: initial; white-space: normal; text-align: left;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Inflation in the period</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #595959; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; height: 15px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">10.1%</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #595959; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; height: 15px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">4.5%</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #595959; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: none; border-right: 1pt solid #002060; border-bottom: none; border-left: none; border-image: initial; white-space: nowrap; text-align: center; height: 15px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">5.5pp</font></td>
</tr>
<tr style="height: 15px;">
<td height="20" width="212" style="height: 15px; width: 159pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #595959; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: none; border-right: none; border-bottom: none; border-left: 1pt solid #002060; border-image: initial; white-space: normal; text-align: left;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Accumulated Selic rate</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #595959; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; height: 15px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">4.4%</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #595959; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; height: 15px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2.8%</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #595959; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: none; border-right: 1pt solid #002060; border-bottom: none; border-left: none; border-image: initial; white-space: nowrap; text-align: center; height: 15px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1.7pp</font></td>
</tr>
<tr style="height: 15px;">
<td height="20" width="212" style="height: 15px; width: 159pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #595959; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: none; border-right: none; border-bottom: none; border-left: 1pt solid #002060; border-image: initial; white-space: normal; text-align: left;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Average exchange rate (R$/US$)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #595959; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; height: 15px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">5.40</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #595959; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; height: 15px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">5.16</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #595959; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: none; border-right: 1pt solid #002060; border-bottom: none; border-left: none; border-image: initial; white-space: nowrap; text-align: center; height: 15px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">5%</font></td>
</tr>
<tr style="height: 16px;">
<td height="22" width="212" style="height: 16px; width: 159pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #595959; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: none; border-right: none; border-bottom: 1pt solid #002060; border-left: 1pt solid #002060; border-image: initial; white-space: normal; text-align: left;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Brent crude oil (US$/barrel)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #595959; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: none; border-right: none; border-bottom: 1pt solid #002060; border-left: none; border-image: initial; white-space: nowrap; text-align: center; height: 16px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">70</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #595959; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: none; border-right: none; border-bottom: 1pt solid #002060; border-left: none; border-image: initial; white-space: nowrap; text-align: center; height: 16px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">42</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #595959; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: none; border-right: 1pt solid #002060; border-bottom: 1pt solid #002060; border-left: none; border-image: initial; white-space: nowrap; text-align: center; height: 16px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">67%</font></td>
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<td height="22" colspan="2" style="height: 16px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 8pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times; font-size: 8pt;">* Focus projection from 02/18/22 for 2021</font></td>
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<p style="margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times;"><br></font></p>
<p style="margin: 6pt 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The beginning of 2021 was marked by optimism with COVID-19 vaccination spreading around the world and with good expectations in regards to the vaccination campaign in Brazil. However, with the worsening of the pandemic in the first months of the year and growing concerns about the fiscal and inflationary situation in Brazil, the macroeconomic environment deteriorated, leading the country to implement a contractionary monetary policy, with consecutive increases in the basic interest rate.</font></p>
<p style="margin: 6pt 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The uncertainties in the economic scenario resulting from the pandemic and the increase in interest rates led to the depreciation of the BOVESPA stock index of 12% in 2021, while the Dow Jones stock index appreciated 19% in the same period. The average US Dollar rate was R$ 5.40/US$, a depreciation of 5% compared to the average US Dollar rate of R$ 5.16/US$ in 2020.</font></p>
<p style="margin: 6pt 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The proximity of the upcoming presidential elections and the uncertainties and instabilities both in the country and abroad influence the economic scenario projected for 2022. Current market projections estimate economic stagnation in 2022, with inflation above target at 5.6% and interest rates at higher levels of 12.3%, according to the Focus projection of February 18, 2022.</font></p>
<p style="margin: 6pt 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">In 2021 fuels distribution market (Otto cycle and diesel) presented a 5% growth in the sales volume compared to 2020. The Otto cycle volume was favored by less social distance measures and restrictions on personal mobility in comparison to 2020, despite consecutive rises in oil prices in 2021, while diesel volumes also followed the economy gradually recover. </font></p>
<p style="margin: 6pt 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">In the LPG market, the ANP sales of the bottled segment decreased 3% compared to 2020, mainly due to higher demand for bottled LPG in 2020, because of greater social distancing. On the other hand, the bulk segment increased 7%, due to higher sales to industries, commercial and services segments, which were more impacted by the pandemic in 2020.&nbsp; </font></p>
<p style="margin: 6pt 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">In 2021, the reference prices for ethylene and MEG, which are the main chemical commodities that influence Oxiteno&#8217;s performance, registered an increase of 43% and 39%, respectively, and the palm kernel oil prices increased 74%, due to tighter supplies of the product. Oxiteno&#8217;s results were also benefited from the depreciation of Real in comparison to US Dollar as the products follow the international pricing references.</font></p>
<p style="margin: 6pt 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The liquid bulk storage sector has been growing in Brazil but was impacted by weaker import volumes of oil derivatives and ethanol, partially offset by significant increases of import volumes of chemicals and corrosive products.</font></p>
<p style="margin: 6pt 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">In pharmaceutical retailing, gross revenue of the network associated with Abrafarma (Brazilian Drugstore and Pharmacy Networks Association) was R$ 68 billion in 2021 compared to R$ 58 billion in 2020 (+16%), with a net addition of 557 drugstores in Brazil. </font></p>
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<p style="line-height: 14pt; margin: 0pt 0pt 6pt;"><font style="font-family: 'times new roman', times;"><font style="font-size: 10pt;"> </font><font style="color: #051272; font-size: 12pt; font-weight: bold;">Considerations on the financial and operational information</font></font></p>
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<p style="margin: 6pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Ultra Group is in the process of completing the review of its businesses portfolio, seeking greater complementarity and synergies in its operations within the energy and infrastructure sectors in Brazil, through Ipiranga, Ultragaz and Ultracargo, in which it has a solid operational scale and structural competitive advantages, allowing for greater efficiency and value generation potential. The focus of the management and the reduction of leverage are additional benefits of the process. </font></p>
<p style="margin: 6pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">In this context, Ultrapar announced the signing of the sale agreements of Extrafarma and Oxiteno, according to the Material Notices disclosed on May 18, 2021 and August 16, 2021, respectively, with the prospect of closing the transactions throughout 2022. Thus, despite not having fulfilled all the conditions precedent for its completion, on December 31, 2021, Ultrapar classified these businesses as assets and liabilities held for sale and discontinued operations. <font style="font-weight: bold;">To allow</font><font style="font-weight: bold;"> the</font><font style="font-weight: bold;"> comparability with previous periods, in this report, the financial information related to </font><font style="font-weight: bold;">Ultrapar</font><font style="font-weight: bold;"> corresponds to the consolidated information (pro forma) of the Company, that is, the data considers the sum of continued and discontinued operations unless otherwise indicated</font>.</font></p>
<p style="margin: 6pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The financial information presented in this document was prepared in accordance with the IFRS (International Financial Reporting Standards). The information on Ultragaz, Ultracargo, Oxiteno, Ipiranga and Extrafarma are presented without the elimination of intersegment transactions. Therefore, the sum of such information may not correspond to Ultrapar&#8217;s consolidated information. Additionally, the financial and operational information presented in this discussion is subject to rounding and, consequently, the total amounts presented in the tables and charts may differ from the direct numerical sum of the amounts that precede them. </font></p>
<p style="margin: 6pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The financial information presented in this document includes the adoption of the IFRS 16 norm and the segregation of certain expenses pertaining to the Holding. Information denominated EBITDA &#8211; Earnings Before Interests, Taxes on Income and Social Contribution on Net Income, Depreciation and Amortization; Adjusted EBITDA &#8211; adjusted by the amortization of contractual assets with customers &#8211; exclusive rights and by the cash flow hedge from bonds; and EBIT &#8211; Earnings Before Interest and Taxes on Income and Social Contribution on Net Income are presented in accordance to Instruction No. 527, issued by the Brazilian Securities and Exchange Commission &#8211; CVM on October 04, 2012.</font></p>
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<p style="margin: 6pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The volume sold by Ultragaz fell by 1% in 2021, mainly because of the 4% decrease of sales in the bottled segment due to lower demand growth for LPG bottles, reflecting stronger social isolation in 2020. In the bulk segment, volumes increased 5%, with higher sales to industries, commercial and services segments, which were more affected by the pandemic in 2020.</font></p>
<p style="margin: 6pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Net revenues rose 32% in 2021, because of LPG costs increases. The cost of goods sold, in turn, increased 37%, due to the increases of LPG and fuels costs in addition to the effects of inflation on production materials.</font></p>
<p style="margin: 6pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Sales, general and administrative expenses increased 7% in the year, due to higher expenses with personnel, freight, and commercial rebates, partially offset by lower expenses with consultancies and initiatives to reduce expenses in several lines.</font></p>
<p style="margin: 6pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Ultragaz&#8217;s EBITDA amounted to R$ 729 million in 2021, a similar level compared to the previous year, mainly due to initiatives for reducing expenses, despite strong inflation throughout the year and lower sales volume.</font></p>
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<p style="margin: 6pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Ultracargo&#8217;s average installed capacity increased 5% in 2021, due to the expanded tankage capacity at Itaqui and Vila do Conde terminals in the last twelve months. The cubic meter sold increased 2%, because of greater fuel handling in Itaqui, due to the expansions of tankage capacity, partially offset by lower fuel handling in Santos, resulting from lower imports.</font></p>
<p style="margin: 6pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Net revenues rose 11% in 2021, due to contractual readjustments, greater handling and better mix of products and terminals. The cost of services provided rose 6%, mainly due to the higher depreciation, resulting from expanded tankage capacity, and leasing readjustments.</font></p>
<p style="margin: 6pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Sales, general and administrative expenses increased 5% in the year, due to higher personnel expenses (mainly variable compensation, in line with the progression of results) and information technology and engineering to support expansion projects, productivity gains and digital transformation.</font></p>
<p style="margin: 6pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Ultracargo registered a record EBITDA level of R$ 396 million in 2021 (+17%). Excluding the effect of the extraordinary PIS/Cofins tax credits of R$ 12 million in 2020, recurring EBITDA growth in the annual comparison was 22%, as a result of expansions in capacity with profitability gains, contractual readjustments and productivity gains.</font></p>
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<p style="margin: 6pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Oxiteno&#8217;s sales volume increased 3% in 2021, with a growth of 8% in specialty chemicals, driven by higher sales mainly to crop solutions and coatings segments, in addition to higher sales in the United States (plant ramp-up). The volume of commodities decreased 17% compared to 2020, due to the prioritization of specialties in the product mix and lower market demand.</font></p>
<p style="margin: 6pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Net revenues at Oxiteno increased 36%, because of higher sales volumes and the increase of 25% in average prices in US Dollars, reflecting higher raw material costs and mix product with lower share of commodities.</font></p>
<p style="margin: 6pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The cost of goods sold rose 32% in 2021, due to the increase in sales volume and in raw material costs, in addition to the increase in personnel costs (mainly variable compensation, in line with the progression of results) and in maintenance, partially offset by the effect of the Zero Cost Collar in 2020 (margin hedge, discontinued as from 2021).</font></p>
<p style="margin: 6pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Sales, general and administrative expenses recorded an increase of 18% in 2021, as a result of higher freight and storage expenses, due to higher sales volumes and higher unit costs, in addition to the increase in personnel expenses (variable compensation) and the effect of exchange variation on expenses at the international units.</font></p>
<p style="margin: 6pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The other operations results line recorded a negative variation of R$ 131 million, due to the constitution of extraordinary tax credits related to the exclusion of ICMS from the PIS/Cofins tax base in the amount of R$ 156 million in 2020, partially offset by the receipt of insurance reimbursement for business interruption losses from an incident at Oleoqu&#237;mica, in Cama&#231;ari, in 2017.</font></p>
<p style="margin: 6pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Oxiteno registered a record EBITDA of R$ 1,104 million in 2021 (+41%). Excluding the effect of R$ 156 million in extraordinary PIS/Cofins tax credits mentioned above in 2020, the recurring EBITDA growth in the annual comparison was 75%, explained by higher sales volume and improvement in margins, in addition to the effect of the Zero Cost Collar in 2020 (margin hedge, discontinued as from 2021), attenuated by higher costs and expenses.</font></p>
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<p style="margin: 6pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Sales volume at Ipiranga increased 5% in 2021, due to the greater effects of the pandemic on fuel consumption in Brazil in 2020, with a growth of 3% in Otto cycle and 6% in diesel.</font></p>
<p style="margin: 6pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Net revenues at Ipiranga increased 50%, because of the increase in the average costs of products derived from oil and ethanol, in addition to higher sales volume. The cost of goods sold increased by 51%, for the same reasons that affected the net revenues.</font></p>
<p style="margin: 6pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Sales, general and administrative expenses rose 31%, mainly due to higher provisions for contingencies, higher expenses on AmPm&#8217;s company-operated stores, Iconic (higher sales volume and commercial rebates) and freight (higher sales volume and increase in unit cost), in addition to the expense saving in several fronts in 2020.</font></p>
<p style="margin: 6pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The other operating results line recorded a positive variation of R$ 32 million in 2021, because of higher constitution of extraordinary PIS/Cofins tax credits and higher merchandising revenues from suppliers, partially offset by higher costs relative to Renovabio&#8217;s targets.</font></p>
<p style="margin: 6pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The disposal of property line recorded a positive result of R$ 184 million in 2021, an increase of R$ 104 million compared to 2022, because of the capital gain recorded by ConectCar&#8217;s sale in the amount of R$ 76 million and higher sales of real estate assets, aligned with a more active management process for disposing of Ipiranga&#8217;s points of sale.</font></p>
<p style="margin: 6pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Ipiranga&#8217;s EBITDA amounted to R$ 2,087 million in 2021 (+22%). Excluding the effect of the capital gain from ConectCar&#8217;s sale, the growth of recurring EBITDA was 17%, due to higher sales volume, improvement on margins, higher results in the other operating results line and higher results from the disposal of property, attenuated by higher expenses.&nbsp;</font></p>
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<p style="margin: 6pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Extrafarma closed 6 drugstores in 2021 and ended the year with 399 pharmacies, a reduction of 1% in its network. At the end of the year, maturing stores (with up to three years of operation) represented 12% of the network, as a result of greater selectivity in expansion and a more rigorous approach to underperforming stores.</font></p>
<p style="margin: 6pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Gross revenues at Extrafarma remained stable, due to the higher result of promotional initiatives, higher same store sales excluding mobile phone sales (SSS), and annual readjustment in the price of medicines. These effects were offset by the lower number of stores, the effects from the cyberattack occurred in January 2021 and the strong comparison basis in mobile phone sales in 2020.</font></p>
<p style="margin: 6pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The cost of goods sold decreased 1% in 2021 and gross profit reached R$ 603 million (+2%), equivalent to a gross margin of 29%, 0.8 p.p. higher than 2020.</font></p>
<p style="margin: 6pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Sales, general and administrative expenses increased 4%, because of the inflationary impacts on personnel and the contingency of expenses carried out in 2020, partially offset by productivity gains and logistics improvement.</font></p>
<p style="margin: 6pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">In 2021, impairments of assets were recorded in the amount of R$ 428 million, with no cash effect, because of the sale agreement of Extrafarma to Pague Menos.</font></p>
<p style="margin: 6pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Extrafarma reported a negative EBITDA of R$ 353 million in 2021. Excluding the impairment effect, recurring EBITDA was R$ 74 million, a 12% reduction in the annual comparison, mainly because of inflation on expenses.</font></p>
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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>169</font></font></td>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
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<p style="margin: 0cm 0cm 0.0001pt; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font lang="PT-BR" style="font-size: 14.0pt; mso-bidi-font-size: 9.5pt; font-family: 'Open Sans','sans-serif'; color: #051272; mso-themecolor: accent1;">2021 MANAGEMENT REPORT </font><font lang="PT-BR"></font></p>
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<td style="width: 50%; height: 106px; vertical-align: bottom;" valign="bottom">
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: right;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><img src="imgf2017895b99f459581b2.jpg" alt="Image1"></font></p>
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<p style="line-height: 14pt; margin: 0pt 0pt 6pt;"><font style="color: #051272; font-family: 'times new roman', times; font-size: 12pt; font-weight: bold;">Ultrapar&nbsp;</font></p>
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<p style="margin: 0pt 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<table border="0" cellpadding="0" cellspacing="0" width="80%" style="height: 410px; font-size: 10pt; border-collapse: collapse; width: 80%; font-family: 'times new roman'; margin-left: auto; margin-right: auto;">

<tr style="height: 24px;">
<td colspan="4" height="33" width="828" style="height: 24px; width: 620pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #ffffff; font-size: 11pt; font-weight: bold; font-family: 'Century Gothic', sans-serif; vertical-align: middle; text-align: center; background: #002060; border: initial none initial;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Income statement</font></td>
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<tr style="height: 6px;">
<td height="8" style="height: 6px; padding-top: 1px; padding-right: 1px; padding-left: 1px; font-size: 11pt; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: center; border: initial none initial;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; font-size: 11pt; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: center; height: 6px; border: initial none initial;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; font-size: 11pt; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: center; height: 6px; border: initial none initial;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; font-size: 11pt; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: center; height: 6px; border: initial none initial;"></td>
</tr>
<tr style="height: 30px;">
<td height="40" width="519" style="height: 30px; width: 389pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 11pt; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-width: 1pt; border-style: solid; border-color: #002060 black #002060 #002060;"><font style="font-family: 'times new roman', times; font-size: 10pt;">R$ million&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 12pt; font-weight: bold; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: 1pt solid #002060; border-right: none; border-bottom: 1pt solid #002060; border-left: none; white-space: nowrap; text-align: center; height: 30px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2021</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 12pt; font-weight: bold; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: 1pt solid #002060; border-right: none; border-bottom: 1pt solid #002060; border-left: none; white-space: nowrap; text-align: center; height: 30px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2020</font></td>
<td width="103" style="width: 77pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 12pt; font-weight: bold; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: 1pt solid #002060; border-right: 1pt solid #002060; border-bottom: 1pt solid #002060; border-left: none; text-align: center; height: 30px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#916; (%) </font><br><font style="font-family: 'times new roman', times; font-size: 10pt;">2021 v 2020</font></td>
</tr>
<tr style="height: 16px;">
<td height="22" width="519" style="height: 16px; border-top: none; width: 389pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #595959; font-size: 11pt; font-weight: bold; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-right: 1pt solid black; border-bottom: none; border-left: 1pt solid #002060; background: #f2f2f2;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Net revenues</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #595959; font-size: 11pt; font-weight: bold; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: center; background: #f2f2f2; height: 16px; border: initial none initial;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,18,799</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #595959; font-size: 11pt; font-weight: bold; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: center; background: #f2f2f2; height: 16px; border: initial none initial;"><font style="font-family: 'times new roman', times; font-size: 10pt;">81,241</font></td>
<td style="border-top: none; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #595959; font-size: 11pt; font-weight: bold; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-right: 1pt solid #002060; border-bottom: none; border-left: none; white-space: nowrap; text-align: center; background: #f2f2f2; height: 16px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">46%</font></td>
</tr>
<tr style="height: 16px;">
<td height="22" width="519" style="height: 16px; width: 389pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #595959; font-size: 11pt; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: none; border-right: 1pt solid black; border-bottom: none; border-left: 1pt solid #002060;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(-) Cost of goods sold and services provided</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #595959; font-size: 11pt; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: center; height: 16px; border: initial none initial;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(111,729)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #595959; font-size: 11pt; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: center; height: 16px; border: initial none initial;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(75,628)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #595959; font-size: 11pt; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: none; border-right: 1pt solid #002060; border-bottom: none; border-left: none; white-space: nowrap; text-align: center; height: 16px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">48%</font></td>
</tr>
<tr style="height: 16px;">
<td height="22" width="519" style="height: 16px; width: 389pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #595959; font-size: 11pt; font-weight: bold; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-width: 1pt; border-style: solid; border-color: #002060 black #002060 #002060; background: #f2f2f2;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(=) Gross profit</font></td>
<td style="border-left: none; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #595959; font-size: 11pt; font-weight: bold; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: 1pt solid #002060; border-right: none; border-bottom: 1pt solid #002060; white-space: nowrap; text-align: center; background: #f2f2f2; height: 16px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">7,069</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #595959; font-size: 11pt; font-weight: bold; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: 1pt solid #002060; border-right: none; border-bottom: 1pt solid #002060; border-left: none; white-space: nowrap; text-align: center; background: #f2f2f2; height: 16px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">5,613</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #595959; font-size: 11pt; font-weight: bold; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: 1pt solid #002060; border-right: 1pt solid #002060; border-bottom: 1pt solid #002060; border-left: none; white-space: nowrap; text-align: center; background: #f2f2f2; height: 16px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">26%</font></td>
</tr>
<tr style="height: 16px;">
<td height="22" width="519" style="height: 16px; width: 389pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #595959; font-size: 11pt; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: none; border-right: 1pt solid black; border-bottom: none; border-left: 1pt solid #002060;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(-) Selling, marketing, general and administrative expenses</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #595959; font-size: 11pt; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: center; height: 16px; border: initial none initial;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(5,062)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #595959; font-size: 11pt; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: center; height: 16px; border: initial none initial;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(4,098)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #595959; font-size: 11pt; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: none; border-right: 1pt solid #002060; border-bottom: none; border-left: none; white-space: nowrap; text-align: center; height: 16px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">24%</font></td>
</tr>
<tr style="height: 16px;">
<td height="22" width="519" style="height: 16px; width: 389pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #595959; font-size: 11pt; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: none; border-right: 1pt solid black; border-bottom: none; border-left: 1pt solid #002060;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(-) Other operating results</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #595959; font-size: 11pt; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: center; height: 16px; border: initial none initial;"><font style="font-family: 'times new roman', times; font-size: 10pt;">123</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #595959; font-size: 11pt; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: center; height: 16px; border: initial none initial;"><font style="font-family: 'times new roman', times; font-size: 10pt;">221</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #595959; font-size: 11pt; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: none; border-right: 1pt solid #002060; border-bottom: none; border-left: none; white-space: nowrap; text-align: center; height: 16px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-44%</font></td>
</tr>
<tr style="height: 16px;">
<td height="22" width="519" style="height: 16px; width: 389pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #595959; font-size: 11pt; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: none; border-right: 1pt solid black; border-bottom: none; border-left: 1pt solid #002060;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(-) Gain on disposal of property, plant and equipment and intangibles</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #595959; font-size: 11pt; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: center; height: 16px; border: initial none initial;"><font style="font-family: 'times new roman', times; font-size: 10pt;">183</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #595959; font-size: 11pt; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: center; height: 16px; border: initial none initial;"><font style="font-family: 'times new roman', times; font-size: 10pt;">76</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #595959; font-size: 11pt; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: none; border-right: 1pt solid #002060; border-bottom: none; border-left: none; white-space: nowrap; text-align: center; height: 16px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">141%</font></td>
</tr>
<tr style="height: 16px;">
<td height="22" width="519" style="height: 16px; width: 389pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #595959; font-size: 11pt; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: none; border-right: 1pt solid black; border-bottom: none; border-left: 1pt solid #002060;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(-) Impairment</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #595959; font-size: 11pt; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: center; height: 16px; border: initial none initial;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(428)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #595959; font-size: 11pt; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: center; height: 16px; border: initial none initial;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #595959; font-size: 11pt; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: none; border-right: 1pt solid #002060; border-bottom: none; border-left: none; white-space: nowrap; text-align: center; height: 16px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">n/a</font></td>
</tr>
<tr style="height: 16px;">
<td height="22" width="519" style="height: 16px; width: 389pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #595959; font-size: 11pt; font-weight: bold; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-width: 1pt; border-style: solid; border-color: #002060 black #002060 #002060; background: #f2f2f2;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(=) Operating income</font></td>
<td style="border-left: none; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #595959; font-size: 11pt; font-weight: bold; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: 1pt solid #002060; border-right: none; border-bottom: 1pt solid #002060; white-space: nowrap; text-align: center; background: #f2f2f2; height: 16px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,886</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #595959; font-size: 11pt; font-weight: bold; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: 1pt solid #002060; border-right: none; border-bottom: 1pt solid #002060; border-left: none; white-space: nowrap; text-align: center; background: #f2f2f2; height: 16px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,812</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #595959; font-size: 11pt; font-weight: bold; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: 1pt solid #002060; border-right: 1pt solid #002060; border-bottom: 1pt solid #002060; border-left: none; white-space: nowrap; text-align: center; background: #f2f2f2; height: 16px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">4%</font></td>
</tr>
<tr style="height: 16px;">
<td height="22" width="519" style="height: 16px; width: 389pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #595959; font-size: 11pt; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: none; border-right: 1pt solid black; border-bottom: none; border-left: 1pt solid #002060;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(-) Financial result</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #595959; font-size: 11pt; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: center; height: 16px; border: initial none initial;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(910)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #595959; font-size: 11pt; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: center; height: 16px; border: initial none initial;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(269)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #595959; font-size: 11pt; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: none; border-right: 1pt solid #002060; border-bottom: none; border-left: none; white-space: nowrap; text-align: center; height: 16px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">238%</font></td>
</tr>
<tr style="height: 16px;">
<td height="22" width="519" style="height: 16px; width: 389pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #595959; font-size: 11pt; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: none; border-right: 1pt solid black; border-bottom: none; border-left: 1pt solid #002060;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(-) Share of profit of subsidiaries, joint ventures and associates</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #595959; font-size: 11pt; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: center; height: 16px; border: initial none initial;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(18)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #595959; font-size: 11pt; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: center; height: 16px; border: initial none initial;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(44)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #595959; font-size: 11pt; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: none; border-right: 1pt solid #002060; border-bottom: none; border-left: none; white-space: nowrap; text-align: center; height: 16px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-60%</font></td>
</tr>
<tr style="height: 16px;">
<td height="22" width="519" style="height: 16px; width: 389pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #595959; font-size: 11pt; font-weight: bold; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-width: 1pt; border-style: solid; border-color: #002060 black #002060 #002060; background: #f2f2f2;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(=) Income before income and social contribution taxes</font></td>
<td style="border-left: none; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #595959; font-size: 11pt; font-weight: bold; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: 1pt solid #002060; border-right: none; border-bottom: 1pt solid #002060; white-space: nowrap; text-align: center; background: #f2f2f2; height: 16px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">959</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #595959; font-size: 11pt; font-weight: bold; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: 1pt solid #002060; border-right: none; border-bottom: 1pt solid #002060; border-left: none; white-space: nowrap; text-align: center; background: #f2f2f2; height: 16px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,499</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #595959; font-size: 11pt; font-weight: bold; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: 1pt solid #002060; border-right: 1pt solid #002060; border-bottom: 1pt solid #002060; border-left: none; white-space: nowrap; text-align: center; background: #f2f2f2; height: 16px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-36%</font></td>
</tr>
<tr style="height: 16px;">
<td height="22" width="519" style="height: 16px; border-top: none; width: 389pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #595959; font-size: 11pt; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-right: 1pt solid black; border-bottom: 1pt solid #002060; border-left: 1pt solid #002060;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(-) Income and social contribution taxes</font></td>
<td style="border-top: none; border-left: none; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #595959; font-size: 11pt; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-right: none; border-bottom: 1pt solid #002060; white-space: nowrap; text-align: center; height: 16px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(75)</font></td>
<td style="border-top: none; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #595959; font-size: 11pt; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-right: none; border-bottom: 1pt solid #002060; border-left: none; white-space: nowrap; text-align: center; height: 16px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(571)</font></td>
<td style="border-top: none; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #595959; font-size: 11pt; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-right: 1pt solid #002060; border-bottom: 1pt solid #002060; border-left: none; white-space: nowrap; text-align: center; height: 16px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-87%</font></td>
</tr>
<tr style="height: 16px;">
<td height="22" width="519" style="height: 16px; border-top: none; width: 389pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #595959; font-size: 11pt; font-weight: bold; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-right: 1pt solid black; border-bottom: 1pt solid #002060; border-left: 1pt solid #002060; background: #f2f2f2;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(=) Net income</font></td>
<td style="border-top: none; border-left: none; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #595959; font-size: 11pt; font-weight: bold; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-right: none; border-bottom: 1pt solid #002060; white-space: nowrap; text-align: center; background: #f2f2f2; height: 16px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">884</font></td>
<td style="border-top: none; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #595959; font-size: 11pt; font-weight: bold; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-right: none; border-bottom: 1pt solid #002060; border-left: none; white-space: nowrap; text-align: center; background: #f2f2f2; height: 16px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">928</font></td>
<td style="border-top: none; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #595959; font-size: 11pt; font-weight: bold; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-right: 1pt solid windowtext; border-bottom: 1pt solid #002060; border-left: none; white-space: nowrap; text-align: center; background: #f2f2f2; height: 16px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-5%</font></td>
</tr>
<tr style="height: 16px;">
<td height="22" width="519" style="height: 16px; width: 389pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #595959; font-size: 11pt; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: none; border-right: 1pt solid black; border-bottom: none; border-left: 1pt solid #002060;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(+) Income and social contribution taxes</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #595959; font-size: 11pt; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: center; height: 16px; border: initial none initial;"><font style="font-family: 'times new roman', times; font-size: 10pt;">75</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #595959; font-size: 11pt; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: center; height: 16px; border: initial none initial;"><font style="font-family: 'times new roman', times; font-size: 10pt;">571</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #595959; font-size: 11pt; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: none; border-right: 1pt solid #002060; border-bottom: none; border-left: none; white-space: nowrap; text-align: center; height: 16px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-87%</font></td>
</tr>
<tr style="height: 16px;">
<td height="22" width="519" style="height: 16px; width: 389pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #595959; font-size: 11pt; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: none; border-right: 1pt solid black; border-bottom: none; border-left: 1pt solid #002060;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(+) Financial result</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #595959; font-size: 11pt; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: center; height: 16px; border: initial none initial;"><font style="font-family: 'times new roman', times; font-size: 10pt;">910</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #595959; font-size: 11pt; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: center; height: 16px; border: initial none initial;"><font style="font-family: 'times new roman', times; font-size: 10pt;">269</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #595959; font-size: 11pt; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: none; border-right: 1pt solid #002060; border-bottom: none; border-left: none; white-space: nowrap; text-align: center; height: 16px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">238%</font></td>
</tr>
<tr style="height: 16px;">
<td height="22" width="519" style="height: 16px; width: 389pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #595959; font-size: 11pt; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: none; border-right: 1pt solid black; border-bottom: none; border-left: 1pt solid #002060;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(+) Depreciation and amortization</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #595959; font-size: 11pt; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: center; height: 16px; border: initial none initial;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,377</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #595959; font-size: 11pt; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: center; height: 16px; border: initial none initial;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,267</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #595959; font-size: 11pt; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: none; border-right: 1pt solid #002060; border-bottom: none; border-left: none; white-space: nowrap; text-align: center; height: 16px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">9%</font></td>
</tr>
<tr style="height: 15px;">
<td height="20" width="519" style="height: 15px; width: 389pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #595959; font-size: 11pt; font-weight: bold; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-width: 1pt; border-style: solid; border-color: #002060 black #002060 #002060; background: #f2f2f2;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(=) CVM EBITDA</font></td>
<td style="border-left: none; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #595959; font-size: 11pt; font-weight: bold; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: 1pt solid #002060; border-right: none; border-bottom: 1pt solid #002060; white-space: nowrap; text-align: center; background: #f2f2f2; height: 15px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3,246</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #595959; font-size: 11pt; font-weight: bold; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: 1pt solid #002060; border-right: none; border-bottom: 1pt solid #002060; border-left: none; white-space: nowrap; text-align: center; background: #f2f2f2; height: 15px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3,036</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #595959; font-size: 11pt; font-weight: bold; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: 1pt solid #002060; border-right: 1pt solid windowtext; border-bottom: 1pt solid #002060; border-left: none; white-space: nowrap; text-align: center; background: #f2f2f2; height: 15px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">7%</font></td>
</tr>
<tr style="height: 16px;">
<td height="22" width="519" style="height: 16px; width: 389pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #595959; font-size: 11pt; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: none; border-right: 1pt solid black; border-bottom: none; border-left: 1pt solid #002060;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(+) Cash flow hedge from bonds</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #595959; font-size: 11pt; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: center; height: 16px; border: initial none initial;"><font style="font-family: 'times new roman', times; font-size: 10pt;">176</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #595959; font-size: 11pt; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: center; height: 16px; border: initial none initial;"><font style="font-family: 'times new roman', times; font-size: 10pt;">154</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #595959; font-size: 11pt; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: none; border-right: 1pt solid #002060; border-bottom: none; border-left: none; white-space: nowrap; text-align: center; height: 16px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">15%</font></td>
</tr>
<tr style="height: 33px;">
<td height="44" width="519" style="height: 33px; width: 389pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #595959; font-size: 11pt; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: none; border-right: 1pt solid black; border-bottom: 1pt solid #002060; border-left: 1pt solid #002060;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(+) Amortization of contractual assets with customers &#8211; exclusive rights (Ipiranga and Ultragaz)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #595959; font-size: 11pt; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: center; height: 33px; border: initial none initial;"><font style="font-family: 'times new roman', times; font-size: 10pt;">283</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #595959; font-size: 11pt; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: center; height: 33px; border: initial none initial;"><font style="font-family: 'times new roman', times; font-size: 10pt;">289</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #595959; font-size: 11pt; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: none; border-right: 1pt solid #002060; border-bottom: none; border-left: none; white-space: nowrap; text-align: center; height: 33px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-2%</font></td>
</tr>
<tr style="height: 15px;">
<td height="20" width="519" style="height: 15px; border-top: none; width: 389pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #595959; font-size: 11pt; font-weight: bold; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-right: 1pt solid black; border-bottom: 1pt solid #002060; border-left: 1pt solid #002060; background: #f2f2f2;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(=) Adjusted EBITDA</font></td>
<td style="border-left: none; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #595959; font-size: 11pt; font-weight: bold; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: 1pt solid #002060; border-right: none; border-bottom: 1pt solid #002060; white-space: nowrap; text-align: center; background: #f2f2f2; height: 15px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3,704</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #595959; font-size: 11pt; font-weight: bold; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: 1pt solid #002060; border-right: none; border-bottom: 1pt solid #002060; border-left: none; white-space: nowrap; text-align: center; background: #f2f2f2; height: 15px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3,479</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #595959; font-size: 11pt; font-weight: bold; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: 1pt solid #002060; border-right: 1pt solid windowtext; border-bottom: 1pt solid #002060; border-left: none; white-space: nowrap; text-align: center; background: #f2f2f2; height: 15px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">6%</font></td>
</tr>
<tr style="height: 15px;">
<td height="20" width="519" style="height: 15px; border-top: none; width: 389pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #595959; font-size: 11pt; font-weight: bold; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-right: 1pt solid black; border-bottom: 1pt solid #002060; border-left: 1pt solid #002060; background: #f2f2f2;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(=) Recurring Adjusted EBITDA*</font></td>
<td style="border-top: none; border-left: none; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #595959; font-size: 11pt; font-weight: bold; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-right: none; border-bottom: 1pt solid #002060; white-space: nowrap; text-align: center; background: #f2f2f2; height: 15px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">4,055</font></td>
<td style="border-top: none; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #595959; font-size: 11pt; font-weight: bold; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-right: none; border-bottom: 1pt solid #002060; border-left: none; white-space: nowrap; text-align: center; background: #f2f2f2; height: 15px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3,311</font></td>
<td style="border-top: none; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #595959; font-size: 11pt; font-weight: bold; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-right: 1pt solid windowtext; border-bottom: 1pt solid #002060; border-left: none; white-space: nowrap; text-align: center; background: #f2f2f2; height: 15px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">22%</font></td>
</tr>

</table>
<table style="width: 80%; font-family: 'times new roman'; font-size: 10pt; margin-left: auto; margin-right: auto;">

<tr>
<td style="width: 100%;"><font style="font-size: 8pt;"><font style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">*&nbsp;</font><font style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">E</font><font style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">xcludes non-recurring effects:</font></font></td>
</tr>
<tr>
<td style="width: 100%;">
<ul type="disc" style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; margin: 0pt; padding-left: 0pt;">
<li style="font-family: Symbol; font-size: 8pt; margin: 6pt 0pt 0pt 8.68pt; padding-left: 9.32pt; break-inside: avoid; text-align: justify; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">2020:&nbsp;extraordinary&nbsp;PIS/Cofins&nbsp;tax&nbsp;credits of R$ 156 million at&nbsp;Oxiteno&nbsp;and R$ 12 million at&nbsp;Ultracargo</font></li>
</ul>
</td>
</tr>
<tr>
<td style="width: 100%;">
<ul type="disc" style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; margin: 0pt; padding-left: 0pt;">
<li style="font-family: Symbol; font-size: 8pt; margin: 6pt 0pt 0pt 8.68pt; padding-left: 9.32pt; break-inside: avoid; text-align: justify; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">2021: impairment of R$&nbsp;428 million at&nbsp;Extrafarma&nbsp;and capital gain from&nbsp;ConectCar&#8217;s&nbsp;sale of R$&nbsp;76 million&nbsp;at&nbsp;Ipiranga</font></li>
</ul>
</td>
</tr>

</table>
<p style="margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'times new roman', times;"><font style="font-size: 9pt;"><br></font></font></p>
<p style="margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar recorded net revenues of R$ 119 billion in 2021, an increase of 46% compared to 2020, due to higher revenues of all businesses, except Extrafarma, with highlight to Ipiranga. The cost of goods sold and services provided at Ultrapar was R$ 112 billion in 2021, an increase of 48% compared to 2020, also due to higher costs in all businesses, except Extrafarma.</font></p>
<p style="margin: 0px; text-align: justify; text-indent: 0px; font-size: 5pt;"><font style="font-family: 'times new roman', times; font-size: 5pt;"><br></font></p>
<p style="margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar recorded a gross profit of R$ 7.1 billion in 2021, an increase of 26% in the annual comparison, due to the increase in aggregate profit in all businesses, especially Ipiranga, which was the business most affected by the pandemic in 2020.</font></p>
<p style="margin: 0pt 0pt 5pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar&#8217;s selling, marketing, general and administrative expenses increased 24%, due to inflationary effects and to the contingency of expenses on several fronts throughout 2020, in addition to other specific effects across all businesses in 2021.</font></p>
<p style="margin: 6pt 0pt 5pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The other operating results line decreased 44% compared to 2020, mainly due to the lower constitution of extraordinary tax credits at Oxiteno and the greater appropriation of costs relative to Renovabio&#8217;s targets at Ipiranga, partially offset by (i) higher constitution of extraordinary tax credits and higher merchandising revenues from suppliers at Ipiranga and (ii) receipt of insurance reimbursement for business interruption losses from an incident at Oleoqu&#237;mica (occurred in 2017) at Oxiteno in 2021.</font></p>
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<p style="margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The disposal of property line increased 141% compared to 2020, due to the higher results from sales of real estate assets and the capital gain from ConectCar&#8217;s sale, both at Ipiranga.</font></p>
<p style="margin: 6pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">In 2021, an effect of R$ 428 million was recorded in the line of impairment, because of the impairment of Extrafarma&#8217;s assets arising from the sale agreement of Extrafarma to Pague Menos.</font></p>
<p style="margin: 6pt 0pt 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar&#8217;s recurring Adjusted EBITDA reached R$ 4.1 billion in 2021, an increase of 22% compared to 2020, mainly due to the increase in the EBITDAs at Oxiteno, Ipiranga and Ultracargo, partially offset by higher Holding expenses and lower EBITDA at Extrafarma. Ultragaz&#8217;s EBITDA remained stable.</font></p>
<p style="margin: 6pt 0pt 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The total costs and expenses with depreciation and amortization&#185; in 2021 amounted to R$ 1.7 billion, an increase of 7% compared to 2020, due to the investments over the period.</font></p>
<p style="margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#185; <font style="font-size: 8pt;">Includes amortization of assets of contracts with clients &#8211; exclusive rights</font></font></p>
<p style="margin: 6pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar posted an operating income of R$ 1.9 billion in 2021, a result 4% higher than 2020.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar&#8217;s financial result reported a net financial expense&#178; of R$ 910 million in 2021, compared to a net financial expense of R$ 269 million in 2020, mainly due to the negative temporary effect of mark-to-market of hedges and higher debt cost, because of higher interest rates.</font></p>
<p style="margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#178; <font style="font-size: 8pt;">Does not include the result of the cash flow hedge from bonds</font></font></p>
<p style="margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar&#8217;s net income reached R$ 884 million in 2021, a reduction of 5% compared to 2020, due to higher net financial expenses and higher depreciation, attenuated by higher EBITDA in the period and lower taxes.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #1f497d; font-weight: bold;">Results from the </font><font style="color: #1f497d; font-weight: bold;">Holding,</font><font style="color: #1f497d; font-weight: bold;"> </font><font style="color: #1f497d; font-weight: bold;">affiliates and</font><font style="color: #1f497d; font-weight: bold;"> </font><font style="color: #1f497d; font-weight: bold;">abastece</font><font style="color: #1f497d; font-weight: bold;"> </font><font style="color: #1f497d; font-weight: bold;">a&#237;</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">In addition to the results of the five main businesses, Ultrapar recorded a negative result of R$ 258 million in 2021, composed of (i) R$ 162 million of negative EBITDA with the Holding, as a result of higher expenses with M&amp;A projects and personnel, (ii) R$ 80 million of negative EBITDA with abastece a&#237;, due to expenses with personnel, technology and marketing development and expansion of the app and the loyalty program and (iii) R$ 16 million of negative EBITDA with affiliates, mainly due to ConectCar, which no longer compose Ultrapar&#8217;s results as from 4Q21.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="color: #1f497d; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Indebtedness</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar ended 2021 with a net financial debt of R$ 9.9 billion, composed of gross indebtedness of R$ 16.6 billion and cash position of R$ 6.7 billion. Considering the leasing payable (IFRS 16) of R$ 1.8 billion, the total net debt was R$ 11.7 billion (2.9x LTM Adjusted EBITDA&#179;) compared to R$ 10.5 billion on December 31, 2020 (3.0x LTM Adjusted EBITDA).</font></p>
<p style="margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#179; <font style="font-size: 8pt;">Does not include the impairment of R$ 428 million at Extrafarma and capital gain from ConectCar&#8217;s sale of R$ 76 million</font></font></p>
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<p style="line-height: 14pt; margin: 0pt 0pt 6pt;"><font style="color: #051272; font-family: 'times new roman', times; font-size: 12pt; font-weight: bold;">Investments</font></p>
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<p style="margin: 6pt 0pt 10pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Organic investments by business &#8211; R$ million</font></p>
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<p style="margin: 6pt 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">In 2021, Ultrapar&#8217;s investments, net of divestments and receivables, totaled R$ 1.9 billion, a 27% higher than the amount invested in 2020, mainly due to lower investments in 2020 as a cash contingency measure, due to the uncertainties imposed by the pandemic and lower markets growth.&nbsp;</font></p>
<p style="margin: 6pt 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Ultragaz invested R$ 354 million in 2021, mainly allocated to equipment installed in new customers in the bulk segment, to the new plants in Bel&#233;m (state of Par&#225;) and Fortaleza (state of Cear&#225;), to the acquisition and replacement of bottles, in addition to security and information technology projects.</font></p>
<p style="margin: 6pt 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Ultracargo recorded investments of R$ 358 million in 2021, mainly for the construction of the new terminal in Vila do Conde (state of Par&#225;), for the expansion of the Itaqui terminal (Phase III) and projects for efficiency gains, maintenance and operational safety of the terminals.</font></p>
<p style="margin: 6pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Oxiteno invested R$ 287 million in 2021, mainly directed to the maintenance and safety of production units.</font></p>
<p style="margin: 6pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Ipiranga invested R$ 807 million in 2021, allocated to the expansion and maintenance of Ipiranga&#8217;s service stations franchise network, besides logistics infrastructure. Out of the total investments, R$ 418 million refers to fixed and intangible assets and R$ 420 million to contractual assets with customers (exclusive rights). These amounts were reduced by the receipt of R$ 32 million installments from sale of real estate assets, net of financings offered to customers.</font></p>
<p style="margin: 6pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Extrafarma invested R$ 36 million in 2021, mainly for information technology projects and maintenance and improvements in stores.</font></p>
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<p style="line-height: 14pt; margin: 6pt 0pt; text-align: justify;"><font style="font-family: 'times new roman', times;"><font style="color: #051272; font-size: 12pt; font-weight: bold;">Relation</font><font style="color: #051272; font-size: 12pt; font-weight: bold;">s</font><font style="color: #051272; font-size: 12pt; font-weight: bold;"> with </font><font style="color: #051272; font-size: 12pt; font-weight: bold;">the </font><font style="color: #051272; font-size: 12pt; font-weight: bold;">Independent Auditors</font></font></p>
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<p style="margin: 6pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The Company has a policy for hiring the services to be rendered by independent auditors guaranteeing that there is no conflict of interests, loss of independence or objectivity in the auditing services of the financial statements to be provided by the independent auditors.</font></p>
<p style="margin: 6pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Pursuant to CVM Instruction 381/03, we inform that during the fiscal year of 2021, we contracted from our independent auditors different works from that co-related to the auditing of the financial statements, representing 6% of the global remuneration in fees for the external audit services. Services rendered relate to the revision of the Tax Accounting Bookkeeping and Digital Accounting Bookkeeping audit for the emission of a comfort letter in connection with the offer of securities and reviewing of tax credits totaling R$ 551 thousand. The period for providing these services was less than one year.</font></p>
<p style="margin: 6pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Our independent auditors declare to the Management of the Company that the services rendered did not affect the independence and objectivity necessary to perform the external audit services of the financial statements.</font></p>
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<p style="margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-size: 9pt;">&nbsp;</font></p>
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</div><div style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold;"><img src="img656f8fad4c3e45188ca4.jpg" alt="Graphics"></font></div>
<div style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold;"><br></font></div>
<div style="font-family: 'times new roman', times; font-size: 10pt;"><a href="#" name="B10101010_V7Q5OIV1GG00000000000000000000" class="customBookmark" style="font-size: 10pt; text-decoration-line: none; color: #000000; cursor: default; outline: none; pointer-events: none;"><font style="font-weight: bold;">S&#227;o Paulo, </font><font style="font-weight: bold;">F<font style="font-size: 10pt;">ebruary </font></font><font style="font-weight: bold;">23</font><font style="font-weight: bold;">,</font><font style="font-weight: bold;"> </font><font style="font-weight: bold;">202</font><font style="font-weight: bold;">2</font></a><font style="font-size: 10pt;"> &#8211; </font><font style="font-size: 10pt; color: #051273; font-weight: bold;">Ultrapar P</font><font style="font-size: 10pt; color: #051273; font-weight: bold;">a</font><font style="font-size: 10pt; color: #051273; font-weight: bold;">rticipa&#231;&#245;es S.A</font><font style="font-size: 10pt; color: #051273; font-weight: bold;">.</font><font style="font-size: 10pt; color: #051273;"> </font><font style="font-size: 10pt;">(&#8220;Company&#8221;, &#8220;Ultra Group&#8221; or &#8220;</font>Ultrapar<font style="font-size: 10pt;">&#8221;, B3: UGPA3 / NYSE: UGP), a company engaged in energy and infrastructure through </font>Ipiranga<font style="font-size: 10pt;">, </font>Ultragaz<font style="font-size: 10pt;"> and </font>Ultracargo<font style="font-size: 10pt;">, specialty chemicals through </font>Oxiteno<font style="font-size: 10pt;"> and retail pharmacy with </font>Extrafarma<font style="font-size: 10pt;">, today announces its results for the fourth quarter of 2021.</font><br></div>
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<p style="margin: 0pt; text-align: center;"><font style="color: #404040; font-family: 'times new roman', times; font-size: 12pt; font-weight: bold;">Net revenues</font></p>
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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 12pt;"><font style="color: #404040; font-weight: bold;">R$ </font><font style="color: #404040; font-weight: bold;">3</font><font style="color: #404040; font-weight: bold;">4</font></font></p>
<p style="margin: 0pt 0pt 10pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 12pt;"><font style="color: #404040; font-weight: bold;">bi</font><font style="color: #404040; font-weight: bold;">llion</font></font></p>
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<p style="margin: 0pt 0pt 10pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 12pt;"><font style="color: #404040; font-weight: bold;">R$ </font><font style="color: #404040; font-weight: bold;">1</font><font style="color: #404040; font-weight: bold;">,</font><font style="color: #404040; font-weight: bold;">187</font></font><br><font style="color: #404040; font-family: 'times new roman', times; font-size: 12pt; font-weight: bold;">million</font></p>
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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 12pt;"><font style="color: #404040; font-weight: bold;">R$ </font><font style="color: #404040; font-weight: bold;">3</font><font style="color: #404040; font-weight: bold;">90</font></font></p>
<p style="margin: 0pt 0pt 10pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 12pt;"><font style="color: #404040; font-weight: bold;">m</font><font style="color: #404040; font-weight: bold;">i</font><font style="color: #404040; font-weight: bold;">llion</font></font></p>
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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 12pt;"><font style="color: #404040; font-weight: bold;">Invest</font><font style="color: #404040; font-weight: bold;">ments</font></font></p>
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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 12pt;"><font style="color: #404040; font-weight: bold;">Cash flow from operations </font><font style="color: #404040; font-weight: bold;">20</font><font style="color: #404040; font-weight: bold;">21</font></font></p>
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<p style="margin: 0pt; text-align: center;"><font style="color: #404040; font-family: 'times new roman', times; font-size: 12pt; font-weight: bold;">Market cap</font></p>
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<p style="margin: 0pt 0pt 10pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 12pt;"><font style="color: #404040; font-weight: bold;">R$ </font><font style="color: #404040; font-weight: bold;">2</font><font style="color: #404040; font-weight: bold;">.</font><font style="color: #404040; font-weight: bold;">6</font></font><br><font style="color: #404040; font-family: 'times new roman', times; font-size: 12pt; font-weight: bold;">billion</font></p>
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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 12pt;"><font style="color: #404040; font-weight: bold;">R$</font><font style="color: #404040;"> </font><font style="color: #404040; font-weight: bold;">16</font></font></p>
<p style="margin: 0pt; text-align: center;"><font style="color: #404040; font-family: 'times new roman', times; font-size: 12pt; font-weight: bold;">billion</font></p>
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<p style="margin: 6pt 0pt 0pt; text-align: justify;"><font style="color: #051273; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Highlights</font><br></p>
<p style="margin: 6pt 0pt 0pt; text-align: justify;"><font style="color: #051273; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
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<li style="font-family: Symbol; font-size: 9pt; margin: 0pt 0pt 10pt 9.14pt; padding-left: 8.86pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-style: italic;">As per</font><font style="font-style: italic;"> </font><font style="font-style: italic;">the previously announced </font><font style="font-style: italic; font-weight: bold;">succession plan</font><font style="font-style: italic;"> </font><font style="font-style: italic;">for the position of</font><font style="font-style: italic; font-weight: bold;"> </font><font style="font-style: italic; font-weight: bold;">Ultrapar&#8217;s </font><font style="font-style: italic; font-weight: bold;">Chairman of the Board of Directors</font><font style="font-style: italic;">, Marcos Lutz assume</font><font style="font-style: italic;">d</font><font style="font-style: italic;"> the position </font><font style="font-style: italic;">of Chief Executive Officer</font><font style="font-style: italic;"> of Ultrapar in January 2022, succeeding Frederico Curado, now Vice-Chairman of the Board of Directors</font><font style="font-style: italic;">, </font><font style="font-style: italic;">after Lucio de Castro Andrade Filho retired at the end of 2021. </font><font style="font-style: italic;">As part of t</font><font style="font-style: italic;">he plan</font><font style="font-style: italic;">,</font><font style="font-style: italic;"> Marcos Lu</font><font style="font-style: italic;">t</font><font style="font-style: italic;">z </font><font style="font-style: italic;">should </font><font style="font-style: italic;">succeed</font><font style="font-style: italic;"> </font><font style="font-style: italic;">Pedro Wongtschowski as Chairman of the Board of Directors as </font><font style="font-style: italic;">from April</font><font style="font-style: italic;"> 2023.</font></font></li>
<li style="font-family: Symbol; font-size: 9pt; margin: 0pt 0pt 10pt 9.14pt; padding-left: 8.86pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-style: italic; font-weight: bold;">Resilience of </font><font style="font-style: italic; font-weight: bold;">Ultrapar's portfolio</font><font style="font-style: italic;">,</font><font style="font-style: italic;"> </font><font style="font-style: italic;">with </font><font style="font-style: italic;">record results registered at </font><font style="font-style: italic;">Ultracargo, Ultragaz and Oxiteno</font><font style="font-style: italic;"> </font><font style="font-style: italic;">in 2021</font><font style="font-style: italic;">, in addition to advances in the process of recovering the results of</font><font style="font-style: italic;"> Ipiranga and Extrafarm</font><font style="font-style: italic;">a </font><font style="font-style: italic;">throughout the year</font><font style="font-style: italic;">,</font><font style="font-style: italic;"> despite the challeng</font><font style="font-style: italic;">ing</font><font style="font-style: italic;"> operational and macroeconomic environment.</font></font></li>
<li style="font-family: Symbol; font-size: 9pt; margin: 0pt 0pt 10pt 9.14pt; padding-left: 8.86pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-style: italic;">Approval of an </font><font style="font-style: italic;">additional distribution</font><font style="font-style: italic; font-weight: bold;"> </font><font style="font-style: italic;">of </font><font style="font-style: italic; font-weight: bold;">R$</font><font style="font-style: italic; font-weight: bold;"> </font><font style="font-style: italic; font-weight: bold;">186</font><font style="font-style: italic; font-weight: bold;"> </font><font style="font-style: italic; font-weight: bold;">million</font><font style="font-style: italic; font-weight: bold;"> in dividends</font><font style="font-style: italic;">, </font><font style="font-style: italic;">equivalent to R$</font><font style="font-style: italic;"> </font><font style="font-style: italic;">0.17</font><font style="font-style: italic;"> per share, </font><font style="font-style: italic;">totaling </font><font style="font-style: italic;">R$</font><font style="font-style: italic;"> </font><font style="font-style: italic;">404</font><font style="font-style: italic;"> </font><font style="font-style: italic;">million </font><font style="font-style: italic;">in </font><font style="font-style: italic;">dividends for 202</font><font style="font-style: italic;">1, </font><font style="font-style: italic;">equivalent to R$</font><font style="font-style: italic;"> </font><font style="font-style: italic;">0.37</font><font style="font-style: italic;"> per share.</font></font></li>
<li style="font-family: Symbol; font-size: 9pt; margin: 0pt 0pt 10pt 9.14pt; padding-left: 8.86pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-style: italic; font-weight: bold;">Start-up of operations</font><font style="font-style: italic;"> </font><font style="font-style: italic; font-weight: bold;">in the new Ultracargo terminal</font><font style="font-style: italic;"> </font><font style="font-style: italic; font-weight: bold;">located in Vila do Conde (</font><font style="font-style: italic; font-weight: bold;">state of </font><font style="font-style: italic; font-weight: bold;">P</font><font style="font-style: italic; font-weight: bold;">ar&#225;</font><font style="font-style: italic; font-weight: bold;">)</font><font style="font-style: italic;">, </font><font style="font-style: italic;">three months </font><font style="font-style: italic;">ahead of schedule and with lower investments than initially </font><font style="font-style: italic;">planned,</font><font style="font-style: italic;"> </font><font style="font-style: italic;">enhancing</font><font style="font-style: italic; font-weight: bold;"> Ultracargo's competitiveness in the Brazilian Northern region</font><font style="font-style: italic;">.</font></font></li>
<li style="font-family: Symbol; font-size: 9pt; margin: 0pt 0pt 10pt 9.14pt; padding-left: 8.86pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-style: italic; font-weight: bold;">Ultra Group's adhesion to the U</font><font style="font-style: italic; font-weight: bold;">N</font><font style="font-style: italic; font-weight: bold;"> Global Compact</font><font style="font-style: italic;">, reinforcing the Company's commitment to the Sustainable Development Goals and </font><font style="font-style: italic;">p</font><font style="font-style: italic;">rinciples</font><font style="font-style: italic;"> of the Compact</font><font style="font-style: italic;">.</font></font></li>
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<p style="margin: 0cm 0cm 0.0001pt; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font lang="PT-BR" style="font-size: 14pt; font-family: 'times new roman', times; color: #051272;">4<sup>th</sup> QUARTER OF 2021</font></p>
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<p style="line-height: 14pt; margin: 0pt 0pt 6pt; text-align: justify;"><font style="color: #051272; font-family: 'times new roman', times; font-size: 12pt; font-weight: bold;">Message from the Management</font></p>
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<p style="margin: 6pt 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The year of 2021 was one of significant transformations for the Ultra Group.</font></p>
<p style="margin: 6pt 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Ultragaz, Ultracargo and Oxiteno registered record results and profitability in 2021. Ipiranga and Extrafarma, in turn, had lower results in the first semester and, even with an improvement in their operations during the second semester, they didn&#8217;t reach desired levels of profitability. In this sense, we have implemented a series of operational changes and adjustments geared towards recovering Ipiranga's trajectory of profitable growth over the course of 2022 and 2023.</font></p>
<p style="margin: 6pt 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">We made significant progress in our portfolio review strategy, with the signing of the sale agreements of Oxiteno and Extrafarma (still pending approval from the Brazilian competition authority), in addition to the conclusion of the sale of our equity interest in ConectCar.</font></p>
<p style="margin: 6pt 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">It&#8217;s worth mentioning the significant renovation of our management and governance structure carried out in 2021, strengthening the pillars for Ultra Group&#8217;s progress and perpetuity. In April, three new members were elected to Ultrapar&#8217;s Board of Directors, adding even more experience and skills to the Company. The succession of the executive leadership position of Ultra Group and Ipiranga was also carried out, as well as the establishment and subsequent beginning of the process for the succession plan to the Ultrapar&#8217;s Chairman of the Board of Directors, with the conclusion being expected for April 2023. In addition, we also highlight the renewal of the group of managers of Ultra Group and its businesses. </font></p>
<p style="margin: 6pt 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">In 2021, despite the challenges imposed by the coronavirus pandemic, we continued to provide quality products and services to the Brazilian society, without any interruption while also upholding our strict commitment to our employees&#8217; health and safety. We continue focused on supporting social efforts to combat the pandemic, by donating hospital supplies, basic food baskets, LPG and hygiene items. Considering both 2020 and 2021, our contributions to support combating the pandemic amounted to R$ 45 million.</font></p>
<p style="margin: 6pt 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">At the same time, we consolidated our sustainability strategy, which became an intrinsic part of the Company's strategic plan, strengthening the integrated view in the decision-making process, considering financial, social, environmental and corporate governance topics. Another highlight is the establishment of the Ultrapar&#8217;s Sustainability and Corporate Affairs executive position, in March 2021.</font></p>
<p style="margin: 6pt 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">As to our consolidated financial results, net revenues totaled R$ 119 billion, 46% higher than 2020, as a result of higher revenues in all businesses, except Extrafarma. The Company achieved an EBITDA of R$ 4.1 billion, excluding the effects of Extrafarma&#8217;s impairment and capital gain from&nbsp;ConectCar&#8217;s sale, and a net income of R$ 884 million in 2021, of which R$ 404 million should be distributed as dividends to shareholders. We also highlight the post-investment operational cash generation, which amounted R$ 1.3 billion and contributed to the reduction of our financial leverage in an annual comparison. In September, we issued an Agribusiness Receivables Certificate (locally known as &#8220;CRA&#8221;) in the amount of R$ 960 million and cost of 102.75% of the CDI rate (Brazilian interbank deposit), extending our debt profile. As a result, we ended the year with a cash position of R$ 6.7 billion and an average debt duration of 4.6 years.</font></p>
<p style="margin: 6pt 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar enters 2022 strengthened to increase long-term value creation for its shareholders and other stakeholders and ready for a new cycle of growth.</font></p>
<p style="margin: 6pt 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">We thank all our employees for their commitment and engagement throughout the year and our other stakeholders for trusting our company.</font></p>
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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Pedro Wongtschowski</font></p>
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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Frederico Fleury Curado</font></p>
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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Marcos Marinho Lutz</font></p>
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<p style="margin: 0pt 0pt 10pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Chairman of the Board of Directors</font></p>
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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Chief Executive Officer </font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">until Dec/21</font></p>
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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Chief Executive Officer </font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">from Jan/22</font></p>
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<p style="margin: 0cm 0cm 0.0001pt; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif';"><font lang="PT-BR" style="font-size: 14pt; font-family: 'times new roman', times; color: #051272;">4<sup>th</sup> QUARTER OF 2021</font></p>
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<p style="line-height: 14pt; margin: 0pt 0pt 6pt; text-align: justify;"><font style="color: #051273; font-family: 'times new roman', times; font-size: 12pt; font-weight: bold;">Considerations on the financial and operational information</font></p>
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<p style="margin: 6pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Ultra Group is in the process of completing the review of its businesses portfolio, seeking greater complementarity and synergies in its operations within the energy and infrastructure sectors in Brazil, through Ipiranga, Ultragaz and Ultracargo, in which it has a solid operational scale and structural competitive advantages, allowing for greater efficiency and value generation potential. The focus of the management and the reduction of leverage are additional benefits of the process. In this context, Ultrapar announced the signing of the sale agreements of Extrafarma and Oxiteno, according to the Material Notices disclosed on May 18, 2021 and August 16, 2021, respectively, with the prospect of closing the transactions throughout 2022. Thus, despite not having fulfilled all the conditions precedent for its completion, on December 31, 2021, Ultrapar classified these businesses as assets and liabilities held for sale and discontinued operations. <font style="font-weight: bold;">To allow</font><font style="font-weight: bold;"> the</font><font style="font-weight: bold;"> comparability with previous periods, in this report, the financial information related to Ultrapar corresponds to the consolidated information (pro forma) of the Company, that is, the data considers the sum of continued and discontinued operations unless otherwise indicated</font>.</font></p>
<p style="margin: 6pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The financial information presented in this document was prepared in accordance with the IFRS (International Financial Reporting Standards). The information on Ultragaz, Ultracargo, Oxiteno, Ipiranga and Extrafarma are presented without the elimination of intersegment transactions. Therefore, the sum of such information may not correspond to Ultrapar&#8217;s consolidated information. Additionally, the financial and operational information presented in this discussion is subject to rounding and, consequently, the total amounts presented in the tables and charts may differ from the direct numerical sum of the amounts that precede them. The financial information presented in this document includes the adoption of the IFRS 16 norm and the segregation of certain expenses pertaining to the Holding. Information denominated EBITDA &#8211; Earnings Before Interests, Taxes on Income and Social Contribution on Net Income, Depreciation and Amortization; Adjusted EBITDA &#8211; adjusted by the amortization of contractual assets with customers &#8211; exclusive rights and by the cash flow hedge from bonds; and EBIT &#8211; Earnings Before Interest and Taxes on Income and Social Contribution on Net Income are presented in accordance to Instruction No. 527, issued by the Brazilian Securities and Exchange Commission &#8211; CVM on October 4, 2012. The calculation of EBITDA based on net income is shown below:</font></p>
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<td width="14" style="width: 11pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 15px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
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<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 5px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 5px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 5px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 5px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 5px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 5px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 5px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 5px;"></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: left; background: #f2f2f2;"><font style="font-family: 'times new roman', times;">R$ million</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td width="81" style="width: 61pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: normal; text-align: center; background: #f2f2f2; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;</font>4Q21<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td width="7" style="width: 5pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: normal; text-align: center; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: center; background: #f2f2f2; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;</font>4Q20<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: center; background: #f2f2f2; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;</font>3Q21<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td width="81" style="width: 61pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: normal; text-align: center; background: #f2f2f2; height: 13px;"><font style="font-family: 'times new roman', times;">2021</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: center; background: #f2f2f2; height: 13px;"><font style="font-family: 'times new roman', times;">2020</font></td>
</tr>
<tr style="height: 10px;">
<td height="8" style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 10px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 10px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 10px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 10px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 10px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 10px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 10px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 10px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 10px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 10px;"></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times;">Net income</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>390.4</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>431.5</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>374.3</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>883.9</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>927.7</font></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times;">(+) Income and social contribution taxes</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>26.8</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>214.7</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(108.0)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>74.7</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>571.4</font></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times;">(+) Net financial (income) expenses</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>277.3</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(136.5)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>296.0</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>909.7</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>269.4</font></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times;">(+) Depreciation and amortization</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>362.7</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>326.7</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>346.1</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,377.2</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,267.2</font></td>
</tr>
<tr style="height: 6px;">
<td height="8" style="height: 6px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; background: white; height: 6px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; background: white; height: 6px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; background: white; height: 6px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; background: white; height: 6px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; background: white; height: 6px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; background: white; height: 6px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; background: white; height: 6px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; background: white; height: 6px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; background: white; height: 6px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; background: white; height: 6px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: left; background: #f2f2f2;"><font style="font-family: 'times new roman', times;">CVM EBITDA</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: center; background: #f2f2f2; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,057.2</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: center; background: #f2f2f2; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>836.4</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: center; background: #f2f2f2; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>908.4</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: center; background: #f2f2f2; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>3,245.6</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: center; background: #f2f2f2; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>3,035.6</font></td>
</tr>
<tr style="height: 6px;">
<td height="8" style="height: 6px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 6px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 6px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 6px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 6px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 6px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 6px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 6px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 6px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 6px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 6px;"></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times;">Accounting adjustments</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"></td>
</tr>
<tr style="height: 13px;">
<td height="18" width="613" style="height: 13px; width: 460pt; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; text-align: left;"><font style="font-family: 'times new roman', times;">(+) Amortization of contractual assets with customers - exclusive rights (Ipiranga)</font></td>
<td width="14" style="width: 11pt; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; text-align: left; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>82.4</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>64.6</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>70.5</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>281.0</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>287.8</font></td>
</tr>
<tr style="height: 13px;">
<td height="18" width="613" style="height: 13px; width: 460pt; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; text-align: left;"><font style="font-family: 'times new roman', times;">(+) Amortization of contractual assets with customers - exclusive rights (Ultragaz)</font></td>
<td width="14" style="width: 11pt; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; text-align: left; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>0.4</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>0.4</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>0.4</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1.5</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1.6</font></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times;">(+) <font class="font5">Cash flow hedge from bonds</font><font class="font5"> (Oxiteno)</font></font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>47.2</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>47.9</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>38.0</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 13px;"><br></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>176.2</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>153.5</font></td>
</tr>
<tr style="height: 6px;">
<td height="8" style="height: 6px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 6px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 6px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 6px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 6px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 6px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 6px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 6px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 6px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 6px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 6px;"></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: left; background: #f2f2f2;"><font style="font-family: 'times new roman', times;">Adjusted EBITDA</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: center; background: #f2f2f2; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,187.2</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: center; background: #f2f2f2; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>949.3</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: center; background: #f2f2f2; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,017.3</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: center; background: #f2f2f2; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>3,704.3</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: center; background: #f2f2f2; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>3,478.5</font></td>
</tr>
<tr style="height: 6px;">
<td height="8" style="height: 6px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 6px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 6px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 6px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 6px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 6px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 6px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 6px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 6px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 6px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 6px;"></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times;">Adjusted EBITDA of continuing operations</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>948.8</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>661.1</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>651.0</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2,965.7</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2,629.6</font></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times;">Ultragaz</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>222.0</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>154.4</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>220.5</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>729.3</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>729.1</font></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times;">Ultracargo</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>101.2</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>77.0</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>102.1</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>396.0</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>337.5</font></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times;">Ipiranga</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>703.8</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>487.5</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>398.1</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2,086.7</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,711.7</font></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times;">Holding, affiliates and abastece a&#237;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(82.4)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(65.4)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(71.8)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(258.0)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(169.0)</font></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times;">Eliminations</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>4.1</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>7.7</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2.2</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>11.7</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>20.2</font></td>
</tr>
<tr style="height: 6px;">
<td height="8" style="height: 6px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 6px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 6px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 6px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 6px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 6px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 6px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 6px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 6px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 6px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 6px;"></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times;">Adjusted EBITDA of discontinued operations</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>238.5</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>288.3</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>366.3</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>738.6</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>849.0</font></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times;">Oxiteno</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>251.5</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>261.9</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>351.5</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,103.7</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>784.9</font></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times;">Extrafarma</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(9.0)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>34.0</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>17.0</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(353.5)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>84.3</font></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times;">Eliminations</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(4.1)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(7.7)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(2.2)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(11.7)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(20.2)</font></td>
</tr>
<tr style="height: 6px;">
<td height="8" style="height: 6px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 6px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 6px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 6px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 6px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 6px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 6px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 6px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 6px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 6px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 6px;"></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times;">Non-recurring items that affected EBITDA</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"></td>
</tr>
<tr style="height: 13px;">
<td height="18" width="613" style="height: 13px; width: 460pt; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; text-align: left;"><font style="font-family: 'times new roman', times;">(-) Capital gains ConectCar - results from disposal of assets (Ipiranga)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(76.5)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>-<font style="mso-spacerun: yes;">&nbsp;&nbsp; </font></font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>-<font style="mso-spacerun: yes;">&nbsp;&nbsp; </font></font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; height: 13px;"><br></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(76.5)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>-<font style="mso-spacerun: yes;">&nbsp;&nbsp; </font></font></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times;">(+) <font class="font5">Impairment</font><font class="font5"> (Extrafarma)</font></font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>32.9</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>-<font style="mso-spacerun: yes;">&nbsp;&nbsp; </font></font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>-<font style="mso-spacerun: yes;">&nbsp;&nbsp; </font></font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>427.5</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>-<font style="mso-spacerun: yes;">&nbsp;&nbsp; </font></font></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times;">(-) Tax credits (Oxiteno)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>-<font style="mso-spacerun: yes;">&nbsp;&nbsp; </font></font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(84.8)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>-<font style="mso-spacerun: yes;">&nbsp;&nbsp; </font></font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>-<font style="mso-spacerun: yes;">&nbsp;&nbsp; </font></font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(155.7)</font></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times;">(-) Tax credits (Ultracargo)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>-<font style="mso-spacerun: yes;">&nbsp;&nbsp; </font></font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>-<font style="mso-spacerun: yes;">&nbsp;&nbsp; </font></font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>-<font style="mso-spacerun: yes;">&nbsp;&nbsp; </font></font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>-<font style="mso-spacerun: yes;">&nbsp;&nbsp; </font></font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(11.7)</font></td>
</tr>
<tr style="height: 6px;">
<td height="8" style="height: 6px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 6px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 6px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 6px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 6px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 6px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 6px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 6px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 6px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 6px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 6px;"></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: left; background: #f2f2f2;"><font style="font-family: 'times new roman', times;">Recurring Adjusted EBITDA</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: center; background: #f2f2f2; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,143.6</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: center; background: #f2f2f2; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>864.6</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: center; background: #f2f2f2; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,017.3</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 13px;"><br></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: center; background: #f2f2f2; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>4,055.3</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: center; background: #f2f2f2; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>3,311.1</font></td>
</tr>
<tr style="height: 6px;">
<td height="8" style="height: 6px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 6px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 6px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 6px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 6px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 6px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 6px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 6px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 6px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 6px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 6px;"></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times;">Recurring Adjusted EBITDA of continuing operations</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>872.3</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>661.1</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>651.0</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2,889.2</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2,617.8</font></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times;">Ultragaz</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>222.0</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>154.4</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>220.5</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>729.3</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>729.1</font></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times;">Ultracargo</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>101.2</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>77.0</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>102.1</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>396.0</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>325.7</font></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times;">Ipiranga</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>627.3</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>487.5</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>398.1</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2,010.2</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,711.7</font></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times;">Holding, affiliates and abastece a&#237;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(82.4)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(65.4)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(71.8)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(258.0)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(169.0)</font></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times;">Eliminations</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>4.1</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>7.7</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2.2</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>11.7</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>20.2</font></td>
</tr>
<tr style="height: 6px;">
<td height="8" style="height: 6px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 6px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 6px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 6px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 6px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 6px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 6px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 6px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 6px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 6px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 6px;"></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times;">Recurring Adjusted EBITDA of discontinued operations</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>271.3</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>203.5</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>366.3</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,166.1</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>693.3</font></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times;">Oxiteno</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>251.5</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>177.2</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>351.5</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,103.7</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>629.2</font></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times;">Extrafarma</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>23.9</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>34.0</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>17.0</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>74.1</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>84.3</font></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times;">Eliminations</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(4.1)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(7.7)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(2.2)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(11.7)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(20.2)</font></td>
</tr>

</table>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>175</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<table style="width: 100%; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt; height: 123px;">

<tr style="height: 106px;">
<td style="width: 50%; height: 106px; vertical-align: bottom; padding: 0px 0px 10px;" valign="bottom">
<p style="margin: 0cm 0cm 0.0001pt; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font lang="PT-BR" style="font-size: 14pt; font-family: 'times new roman', times; color: #051272;">4<sup>th</sup> QUARTER OF 2021</font></p>
</td>
<td style="width: 50%; height: 106px; vertical-align: bottom;" valign="bottom">
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: right;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><img src="imgf2017895b99f459581b2.jpg" alt="Image1"></font></p>
</td>
</tr>

</table>
<p style="font-size: 7pt; line-height: 115%; margin: 6pt 0pt 0pt; page-break-inside: avoid;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-style: italic;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 7.1pt;">
<td style="border-bottom-color: #002060; border-bottom-style: solid; border-bottom-width: 1.5pt; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 518.75pt;">
<p style="line-height: 14pt; margin: 0pt 0pt 6pt;"><font style="color: #051273; font-family: 'times new roman', times; font-size: 12pt; font-weight: bold;">Ultrapar</font></p>
</td>
<td style="border-bottom-color: #002060; border-bottom-style: solid; border-bottom-width: 1.5pt; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 518.75pt;">
<p style="line-height: 14pt; margin: 0pt 0pt 6pt;"><font style="color: #051273; font-family: 'times new roman', times; font-size: 12pt; font-weight: bold;">&nbsp;</font></p>
</td>
</tr>

</table>
<p><br></p>
<table border="1" cellspacing="0" cellpadding="0" align="left" width="100%" style="height: 126px; border-collapse: collapse; border: none; margin-left: 0.1px; margin-right: 6.75px; width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr style="height: 10px;">
<td rowspan="2" style="border-width: 1pt 1pt 1px; border-style: solid; border-color: #1f497d; border-image: initial; background: white; padding: 0cm 5.4pt; height: 21px;">
<p style="margin: 0cm 0cm 0.0001pt; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">Amounts in R$ million</font></b></font></p>
</td>
<td rowspan="2" style="border-width: 1.5pt 1.5pt 1px; border-style: solid; border-color: #1f497d; background: white; padding: 0cm 5.4pt; height: 21px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">4Q21</font></b><b><font lang="EN-US" style="color: #262626;"></font></b></font></p>
</td>
<td rowspan="2" style="border-top: 1pt solid #1f497d; border-left: none; border-bottom: 1px solid #1f497d; border-right: none; background: white; padding: 0cm 5.4pt; height: 21px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">4Q20</font></b><b><font lang="EN-US" style="color: #262626;"></font></b></font></p>
</td>
<td rowspan="2" style="border-top: 1pt solid #1f497d; border-left: none; border-bottom: 1px solid #1f497d; border-right: none; background: white; padding: 0cm 5.4pt; height: 21px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">3Q21</font></b><b><font lang="EN-US" style="color: #262626;"></font></b></font></p>
</td>
<td style="border-right: none; border-bottom: 1px none; border-left: none; border-image: initial; border-top: 1pt solid #1f497d; background: white; padding: 0cm 5.4pt; height: 10px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">&#916;</font></b></font></p>
</td>
<td style="border-right: none; border-bottom: 1px none; border-left: none; border-image: initial; border-top: 1pt solid #1f497d; background: white; padding: 0cm 5.4pt; height: 10px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">&#916;</font></b></font></p>
</td>
<td rowspan="2" style="border-top: 1pt solid #1f497d; border-left: none; border-bottom: 1px solid #1f497d; border-right: none; background: white; padding: 0cm 5.4pt; height: 21px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">2021</font></b></font></p>
</td>
<td rowspan="2" style="border-top: 1pt solid #1f497d; border-left: none; border-bottom: 1px solid #1f497d; border-right: none; background: white; padding: 0cm 5.4pt; height: 21px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">2020</font></b></font></p>
</td>
<td style="border-top: 1pt solid #1f497d; border-left: none; border-bottom: 1px none; border-right: 1pt solid #1f497d; background: white; padding: 0cm 5.4pt; height: 10px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">&#916;</font></b><b><font lang="EN-US" style="color: #262626;"></font></b></font></p>
</td>
</tr>
<tr style="height: 11px;">
<td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; background: white; padding: 0cm 5.4pt; height: 11px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt -5.25pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">4Q21 v 4Q20</font></b></font></p>
</td>
<td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; background: white; padding: 0cm 5.4pt; height: 11px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt -5.1pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">4Q21 v 3Q21</font></b></font></p>
</td>
<td style="border-top: none; border-left: none; border-bottom: 1px solid #1f497d; border-right: 1pt solid #1f497d; background: white; padding: 0cm 5.4pt; height: 11px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt -5.1pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">2021 v 2020</font></b><b><font lang="EN-US" style="color: #262626;"></font></b></font></p>
</td>
</tr>
<tr style="height: 13px;">
<td style="border-top: none; border-left: 1pt solid #1f497d; border-bottom: 1px solid #1f497d; border-right: 1.5pt solid #1f497d; padding: 0cm 5.4pt; height: 13px; width: 28%;">
<p style="margin: 0cm 0cm 0.0001pt; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font lang="EN-US" style="font-size: 10pt; color: #262626; font-family: 'times new roman', times;">Net revenues</font></p>
</td>
<td style="border-top: none; border-left: none; border-bottom: 1px solid #1f497d; border-right: 1.5pt solid #1f497d; background: white; padding: 0cm 5.4pt; height: 13px; width: 9%;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">34,411</font><font lang="EN-US" style="color: #262626;"></font></font></p>
</td>
<td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 13px; width: 9%;">
<p align="center" style="margin: 0cm 0cm 0.0001pt -5.6pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">23,216</font><font lang="EN-US" style="color: #262626;"></font></font></p>
</td>
<td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 13px; width: 9%;">
<p align="center" style="margin: 0cm 0cm 0.0001pt -5.4pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">31,911</font><font lang="EN-US" style="color: #262626;"></font></font></p>
</td>
<td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 13px; width: 9%;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">48%</font><font lang="EN-US" style="color: #262626;"></font></font></p>
</td>
<td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 13px; width: 9%;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">8%</font><font lang="EN-US" style="color: #262626;"></font></font></p>
</td>
<td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 13px; width: 9%;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">118,799</font><font lang="EN-US" style="color: #262626;"></font></font></p>
</td>
<td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 13px; width: 9%;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font lang="EN-US" style="font-size: 10pt; color: #262626; font-family: 'times new roman', times;">81,241</font></p>
</td>
<td style="border-top: none; border-left: none; border-bottom: 1px solid #1f497d; border-right: 1pt solid #1f497d; padding: 0cm 5.4pt; height: 13px; width: 9%;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">46%</font><font lang="EN-US" style="color: #262626;"></font></font></p>
</td>
</tr>
<tr style="height: 13px;">
<td style="border-top: none; border-left: 1pt solid #1f497d; border-bottom: 1px solid #1f497d; border-right: 1.5pt solid #1f497d; padding: 0cm 5.4pt; height: 13px;">
<p style="margin: 0cm 0cm 0.0001pt; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b style="mso-bidi-font-weight: normal;"><font lang="EN-US" style="color: #262626;">Adjusted EBITDA </font></b></font></p>
</td>
<td style="border-top: none; border-left: none; border-bottom: 1px solid #1f497d; border-right: 1.5pt solid #1f497d; background: white; padding: 0cm 5.4pt; height: 13px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">1,187</font></b></font></p>
</td>
<td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 13px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">949</font></b></font></p>
</td>
<td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 13px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">1,017</font></b></font></p>
</td>
<td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 13px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">25%</font></b><b><font lang="EN-US" style="color: #262626;"></font></b></font></p>
</td>
<td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 13px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">17%</font></b><b><font lang="EN-US" style="color: #262626;"></font></b></font></p>
</td>
<td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 13px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">3,704</font></b><b><font lang="EN-US" style="color: #262626;"></font></b></font></p>
</td>
<td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 13px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">3,479</font></b></font></p>
</td>
<td style="border-top: none; border-left: none; border-bottom: 1px solid #1f497d; border-right: 1pt solid #1f497d; padding: 0cm 5.4pt; height: 13px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">6%</font></b><b><font lang="EN-US" style="color: #262626;"></font></b></font></p>
</td>
</tr>
<tr style="height: 13px;">
<td style="border-top: none; border-left: 1pt solid #1f497d; border-bottom: 1px solid #1f497d; border-right: 1.5pt solid #1f497d; padding: 0cm 5.4pt; height: 13px;">
<p style="margin: 0cm 0cm 0.0001pt; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">Recurring EBITDA<font style="font-size: 8pt;"><sup>1</sup></font></font></b></font></p>
</td>
<td style="border-top: none; border-left: none; border-bottom: 1px solid #1f497d; border-right: 1.5pt solid #1f497d; background: white; padding: 0cm 5.4pt; height: 13px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">1,144</font></b></font></p>
</td>
<td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 13px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">865</font></b></font></p>
</td>
<td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 13px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">1,017</font></b></font></p>
</td>
<td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 13px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">32%</font></b><b><font lang="EN-US" style="color: #262626;"></font></b></font></p>
</td>
<td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 13px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">12%</font></b><b><font lang="EN-US" style="color: #262626;"></font></b></font></p>
</td>
<td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 13px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">4,055</font></b></font></p>
</td>
<td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 13px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">3,311</font></b></font></p>
</td>
<td style="border-top: none; border-left: none; border-bottom: 1px solid #1f497d; border-right: 1pt solid #1f497d; padding: 0cm 5.4pt; height: 13px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">22%</font></b><b><font lang="EN-US" style="color: #262626;"></font></b></font></p>
</td>
</tr>
<tr style="height: 14px;">
<td style="border-top: none; border-left: 1pt solid #1f497d; border-bottom: 1px solid #1f497d; border-right: 1.5pt solid #1f497d; padding: 0cm 5.4pt; height: 14px;">
<p style="margin: 0cm 0cm 0.0001pt; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font lang="EN-US" style="font-size: 10pt; color: #262626; font-family: 'times new roman', times;">Depreciation and amortization<font style="font-size: 8pt;"><sup>2</sup></font></font></p>
</td>
<td style="border-top: none; border-left: none; border-bottom: 1px solid #1f497d; border-right: 1.5pt solid #1f497d; background: white; padding: 0cm 5.4pt; height: 14px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font lang="EN-US" style="font-size: 10pt; color: #262626; font-family: 'times new roman', times;">445</font></p>
</td>
<td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 14px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">392</font><font lang="EN-US" style="color: #262626;"></font></font></p>
</td>
<td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 14px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font lang="EN-US" style="font-size: 10pt; color: #262626; font-family: 'times new roman', times;">417</font></p>
</td>
<td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 14px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">14%</font><font lang="EN-US" style="color: #262626;"></font></font></p>
</td>
<td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 14px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">7%</font><font lang="EN-US" style="color: #262626;"></font></font></p>
</td>
<td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 14px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">1,660</font><font lang="EN-US" style="color: #262626;"></font></font></p>
</td>
<td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 14px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font lang="EN-US" style="font-size: 10pt; color: #262626; font-family: 'times new roman', times;">1,557</font></p>
</td>
<td style="border-top: none; border-left: none; border-bottom: 1px solid #1f497d; border-right: 1pt solid #1f497d; padding: 0cm 5.4pt; height: 14px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">7%</font><font lang="EN-US" style="color: #262626;"></font></font></p>
</td>
</tr>
<tr style="height: 13px;">
<td style="border-top: none; border-left: 1pt solid #1f497d; border-bottom: 1px solid #1f497d; border-right: 1.5pt solid #1f497d; padding: 0cm 5.4pt; height: 13px;">
<p style="margin: 0cm 0cm 0.0001pt; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font lang="EN-US" style="font-size: 10pt; color: #262626; font-family: 'times new roman', times;">Financial result<sup>3</sup></font></p>
</td>
<td style="border-top: none; border-left: none; border-bottom: 1px solid #1f497d; border-right: 1.5pt solid #1f497d; padding: 0cm 5.4pt; height: 13px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font lang="EN-US" style="font-size: 10pt; color: #262626; font-family: 'times new roman', times;">(324)</font></p>
</td>
<td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 13px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">89</font><font lang="EN-US" style="color: #262626;"></font></font></p>
</td>
<td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 13px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">(334)</font><font lang="EN-US" style="color: #262626;"></font></font></p>
</td>
<td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 13px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font lang="EN-US" style="font-size: 10pt; color: #262626; font-family: 'times new roman', times;">n/a</font></p>
</td>
<td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 13px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font lang="EN-US" style="font-size: 10pt; color: #262626; font-family: 'times new roman', times;">3%</font></p>
</td>
<td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 13px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font lang="EN-US" style="font-size: 10pt; color: #262626; font-family: 'times new roman', times;">(1,086)</font></p>
</td>
<td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 13px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font lang="EN-US" style="font-size: 10pt; color: #262626; font-family: 'times new roman', times;">(423)</font></p>
</td>
<td style="border-top: none; border-left: none; border-bottom: 1px solid #1f497d; border-right: 1pt solid #1f497d; padding: 0cm 5.4pt; height: 13px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">(157%)</font><font lang="EN-US" style="color: #262626;"></font></font></p>
</td>
</tr>
<tr style="height: 13px;">
<td style="border-top: none; border-left: 1pt solid #1f497d; border-bottom: 1px solid #1f497d; border-right: 1.5pt solid #1f497d; padding: 0cm 5.4pt; height: 13px;">
<p style="margin: 0cm 0cm 0.0001pt; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b style="mso-bidi-font-weight: normal;"><font lang="EN-US" style="color: #262626;">Net income</font></b></font></p>
</td>
<td style="border-top: none; border-left: none; border-bottom: 1px solid #1f497d; border-right: 1.5pt solid #1f497d; background: white; padding: 0cm 5.4pt; height: 13px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">390</font></b></font></p>
</td>
<td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 13px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">432</font></b></font></p>
</td>
<td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 13px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">374</font></b></font></p>
</td>
<td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 13px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">(10%)</font></b><b><font lang="EN-US" style="color: #262626;"></font></b></font></p>
</td>
<td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 13px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">4%</font></b></font></p>
</td>
<td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 13px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">884</font></b></font></p>
</td>
<td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 13px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">928</font></b></font></p>
</td>
<td style="border-top: none; border-left: none; border-bottom: 1px solid #1f497d; border-right: 1pt solid #1f497d; padding: 0cm 5.4pt; height: 13px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">(5%)</font></b><b><font lang="EN-US" style="color: #262626;"></font></b></font></p>
</td>
</tr>
<tr style="height: 13px;">
<td style="border-top: none; border-left: 1pt solid #1f497d; border-bottom: 1px solid #1f497d; border-right: 1.5pt solid #1f497d; padding: 0cm 5.4pt; height: 13px;">
<p style="margin: 0cm 0cm 0.0001pt; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font lang="EN-US" style="font-size: 10pt; color: #262626; font-family: 'times new roman', times;">Investments<font style="font-size: 8pt;"><sup>4</sup></font></font></p>
</td>
<td style="border-top: none; border-left: none; border-bottom: 1px solid #1f497d; border-right: 1.5pt solid #1f497d; background: white; padding: 0cm 5.4pt; height: 13px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font lang="EN-US" style="font-size: 10pt; color: #262626; font-family: 'times new roman', times;">716</font></p>
</td>
<td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 13px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font lang="EN-US" style="font-size: 10pt; color: #262626; font-family: 'times new roman', times;">485</font></p>
</td>
<td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 13px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font lang="EN-US" style="font-size: 10pt; color: #262626; font-family: 'times new roman', times;">491</font></p>
</td>
<td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 13px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">48%</font><font lang="EN-US" style="color: #262626;"></font></font></p>
</td>
<td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 13px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">46%</font><font lang="EN-US" style="color: #262626;"></font></font></p>
</td>
<td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 13px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font lang="EN-US" style="font-size: 10pt; color: #262626; font-family: 'times new roman', times;">1,899</font></p>
</td>
<td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 13px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font lang="EN-US" style="font-size: 10pt; color: #262626; font-family: 'times new roman', times;">1,508</font></p>
</td>
<td style="border-top: none; border-left: none; border-bottom: 1px solid #1f497d; border-right: 1pt solid #1f497d; padding: 0cm 5.4pt; height: 13px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">26%</font><font lang="EN-US" style="color: #262626;"></font></font></p>
</td>
</tr>
<tr style="height: 13px;">
<td style="border-top: none; border-left: 1pt solid #1f497d; border-bottom: 1px solid #1f497d; border-right: 1.5pt solid #1f497d; padding: 0cm 5.4pt; height: 13px;">
<p style="margin: 0cm 0cm 0.0001pt; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">Cash flow from operations</font></b></font></p>
</td>
<td style="border-top: none; border-left: none; border-bottom: 2px solid #1f497d; border-right: 1.5pt solid #1f497d; background: white; padding: 0cm 5.4pt; height: 13px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">704</font></b></font></p>
</td>
<td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 13px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">508</font></b></font></p>
</td>
<td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 13px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">604</font></b></font></p>
</td>
<td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 13px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">39%</font></b><b><font lang="EN-US" style="color: #262626;"></font></b></font></p>
</td>
<td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 13px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">16%</font></b><b><font lang="EN-US" style="color: #262626;"></font></b></font></p>
</td>
<td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 13px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">2,586</font></b><b><font lang="EN-US" style="color: #262626;"></font></b></font></p>
</td>
<td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 13px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">3,138</font></b></font></p>
</td>
<td style="border-top: none; border-left: none; border-bottom: 1px solid #1f497d; border-right: 1pt solid #1f497d; padding: 0cm 5.4pt; height: 13px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">(18%)</font></b><b><font lang="EN-US" style="color: #262626;"></font></b></font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 8pt;"><font style="font-style: italic;"><sup>1</sup>&nbsp;</font><font style="font-style: italic;">Non-recurring items described in the EBITDA calculation table &#8211; page 3</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 8pt;"><font style="font-style: italic;"><sup>2</sup>&nbsp;</font><font style="font-style: italic;">Includes amortization of contractual assets with customers &#8211; exclusive rights</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-style: italic;"><sup>3</sup> Includes the result of the cash flow hedge from bonds</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 8pt;"><font style="font-style: italic;"><sup>4</sup> Includes R$ 29 million related to the grant of Ultracargo's terminal in Vila do Conde in 1Q21, R$ 15 million related to the grant of Ultracargo&#8217;s IQI-13 terminal in Itaqui in 3Q21 and R$ 14 million related to the grant of Ipiranga's terminal in Bel&#233;m in 3Q21</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 8pt;"><font style="font-style: italic;"><br></font></font></p>
<p style="margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #051273; font-weight: bold;">Net revenues</font><font style="color: #051273; font-weight: bold;"> &#8211;</font><font style="color: #051273;"> </font>Total of R$ 34,411 million, an increase of 48% in relative to 4Q20, due to higher sales from Ipiranga, Ultragaz, Oxiteno and Ultracargo. Compared to 3Q21, the net revenues increased 8%, as a result of higher sales in all businesses. In 2021, net revenues totaled R$ 118,799 million, a growth of 46% in comparison to the previous year, mainly due to higher fuels and LPG costs during the period.</font></p>
<p style="margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #051273; font-weight: bold;">Recurring </font><font style="color: #051273; font-weight: bold;">EBITDA</font><font style="color: #051273; font-weight: bold;"> </font><font style="color: #051273; font-weight: bold;">&#8211;</font><font style="color: #051273;"> </font>Total of R$ 1,144 million, an increase of 32% in relation to 4Q20, mainly due to higher EBITDAs at Ipiranga, Ultragaz, Oxiteno and Ultracargo. In relation to 3Q21, the recurring EBITDA increased 12%, mainly due to higher results from Ipiranga, partially offset by lower results at Oxiteno, abastece a&#237; and the Holding. The recurring EBITDA registered in 2021 was R$ 4,055 million (+22%), due to higher EBITDAs at Oxiteno, Ipiranga and Ultracargo, despite lower EBITDAs at Extrafarma, the Holding and abastece a&#237;.</font></p>
<p style="margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #051273; font-weight: bold;">Results from the Holding, affiliates and abastece a&#237; </font><font style="color: #051273; font-weight: bold;">&#8211; </font>In addition to the results of the five main businesses, Ultrapar recorded a negative result of R$ 82 million, composed of (i) R$ 54 million of negative EBITDA with the Holding, R$ 14 million higher than 4Q20, due to the concentration of expenses with M&amp;A projects and the effects of inflation on personnel expenses, (ii) R$ 33 million of negative EBITDA with abastece a&#237;, due to the concentration of expenses with personnel, development and marketing to increase the use of the app and the loyalty program and (iii) R$ 5 million of positive EBITDA with affiliates, due to higher results from Refinaria Riograndense. </font></p>
<p style="margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #051273; font-weight: bold;">Deprecia</font><font style="color: #051273; font-weight: bold;">tion and amortization</font><font style="color: #051273; font-weight: bold;"> &#8211;</font><font style="color: #051273;"> </font>Total of R$ 445 million, 14% and 7% higher in relation to 4Q20 and 3Q21, respectively, due to investments made throughout the periods and higher amortization of contractual assets at Ipiranga.</font></p>
<p style="margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #051273; font-weight: bold;">Financial result (including cash flow hedge)</font><font style="color: #051273; font-weight: bold;"> </font><font style="color: #051273; font-weight: bold;">&#8211;</font><font style="color: #051273;"> </font>Ultrapar recognized net financial expenses of R$ 324 million in 4Q21, compared to net financial revenues of R$ 89 million in 4Q20. This deterioration was brought on by (i) the monetary correction on extraordinary tax credits of R$ 160 million in 4Q20, (ii) the CDI rate increase over the greater average balance of net debt, despite lower cost of debt and (iii) temporary negative effect of mark-to-market of hedges of the bonds. In relation to 3Q21, a period that Ultrapar recognized net financial expenses of R$ 334 million, the difference is mainly explained by lower impacts from the temporary negative effect of mark-to-market of hedges of the bonds. In 2021, Ultrapar presented net financial expenses of R$ 1,086 million, R$ 663 million higher than the net financial expenses of 2020, mainly due to the temporary negative effect of mark-to-market of exchanged hedges, to lower level of monetary correction on extraordinary tax credits and the CDI rate increase over the greater average balance of net debt, despite lower cost of debt.</font></p>
<p style="margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #051273; font-weight: bold;">Net income</font><font style="color: #051273; font-weight: bold;"> </font><font style="color: #051273; font-weight: bold;">&#8211;</font><font style="color: #051273;"> </font>Total of R$ 390 million, a reduction of 10% compared to 4Q20, resulting from the deterioration of the financial result and higher costs and expenses with depreciation and amortization, attenuated by higher EBITDA and lower income tax costs. In relation to 3Q21, the net income increased 4%, due to higher EBITDA, partially offset by the income tax reversion over the SELIC&#8217;s adjustments of extraordinary tax credits of R$ 196 million in 3Q21. In 2021, Ultrapar's net income totaled R$ 884 million (-5%), despite the EBITDA growth, mainly due to the worsening of the financial result.</font></p>
<p style="margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #051273; font-weight: bold;">Cash flow from operations </font><font style="color: #051273; font-weight: bold;">&#8211;</font><font style="color: #051273;"> </font>Generation of R$ 2.6 billion in 2021, lower than the generation of R$ 3.1 billion in 2020, due to increased investment in working capital, mainly due to higher fuels, LPG and raw materials costs, attenuated by higher EBITDA.</font><br></p>
<p style="margin: 0pt 0pt 10pt; text-align: justify;"><br></p>
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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>176</font></font></td>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
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<td style="width: 50%; height: 106px; vertical-align: bottom; padding: 0px 0px 10px;" valign="bottom">
<p style="margin: 0cm 0cm 0.0001pt; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif';"><font lang="PT-BR" style="font-size: 14pt; font-family: 'times new roman', times; color: #051272;">4<sup>th</sup> QUARTER OF 2021</font></p>
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<td style="width: 50%; height: 106px; vertical-align: bottom;" valign="bottom">
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: right;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><img src="imgf2017895b99f459581b2.jpg" alt="Image1"></font></p>
</td>
</tr>

</table>
<p><br></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 7.1pt;">
<td style="border-bottom-color: #005da3; border-bottom-style: solid; border-bottom-width: 1.5pt; padding-right: 1.4pt; vertical-align: top; width: 518.75pt;">
<p style="line-height: 14pt; margin: 0pt 0pt 6pt; text-align: justify;"><font style="color: #051273; font-family: 'times new roman', times; font-size: 12pt; font-weight: bold;">Ultragaz</font></p>
</td>
</tr>

</table>
<p><br></p>
<table border="1" cellspacing="0" cellpadding="0" align="left" width="100%" style="height: 63px; width: 100%; border-collapse: collapse; border: none; margin-left: 0.1px; margin-right: 6.75px; font-family: 'times new roman'; font-size: 10pt;">

<tr style="height: 10px;">
<td rowspan="2" style="border-width: 1pt 1pt 1px; border-style: solid; border-color: #1f497d; border-image: initial; background: white; padding: 0cm 5.4pt; height: 19px;"></td>
<td rowspan="2" style="border-width: 1.5pt 1.5pt 1px; border-style: solid; border-color: #1f497d; background: white; padding: 0cm 5.4pt; height: 19px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">4Q21</font></b><b><font lang="EN-US" style="color: #262626;"></font></b></font></p>
</td>
<td rowspan="2" style="border-top: 1pt solid #1f497d; border-left: none; border-bottom: 1px solid #1f497d; border-right: none; background: white; padding: 0cm 5.4pt; height: 19px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">4Q20</font></b><b><font lang="EN-US" style="color: #262626;"></font></b></font></p>
</td>
<td rowspan="2" style="border-top: 1pt solid #1f497d; border-left: none; border-bottom: 1px solid #1f497d; border-right: none; background: white; padding: 0cm 5.4pt; height: 19px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">3Q21</font></b><b><font lang="EN-US" style="color: #262626;"></font></b></font></p>
</td>
<td style="border-right: none; border-bottom: 1px none; border-left: none; border-image: initial; border-top: 1pt solid #1f497d; background: white; padding: 0cm 5.4pt; height: 10px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">&#916;</font></b></font></p>
</td>
<td style="border-right: none; border-bottom: 1px none; border-left: none; border-image: initial; border-top: 1pt solid #1f497d; background: white; padding: 0cm 5.4pt; height: 10px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">&#916;</font></b></font></p>
</td>
<td rowspan="2" style="border-top: 1pt solid #1f497d; border-left: none; border-bottom: 1px solid #1f497d; border-right: none; background: white; padding: 0cm 5.4pt; height: 19px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">2021</font></b><b><font lang="EN-US" style="color: #262626;"></font></b></font></p>
</td>
<td rowspan="2" style="border-top: 1pt solid #1f497d; border-left: none; border-bottom: 1px solid #1f497d; border-right: none; background: white; padding: 0cm 5.4pt; height: 19px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">2020</font></b></font></p>
</td>
<td style="border-top: 1pt solid #1f497d; border-left: none; border-bottom: 1px none; border-right: 1pt solid #1f497d; background: white; padding: 0cm 5.4pt; height: 10px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">&#916;</font></b></font></p>
</td>
</tr>
<tr style="height: 9px;">
<td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; background: white; padding: 0cm 5.4pt; height: 9px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">4Q21 v 4Q20</font></b></font></p>
</td>
<td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; background: white; padding: 0cm 5.4pt; height: 9px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">4Q21 v 3Q21</font></b></font></p>
</td>
<td style="border-top: none; border-left: none; border-bottom: 1px solid #1f497d; border-right: 1pt solid #1f497d; background: white; padding: 0cm 5.4pt; height: 9px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">2021 v 2020</font></b></font></p>
</td>
</tr>
<tr style="height: 11px;">
<td style="border-top: none; border-left: 1pt solid #1f497d; border-bottom: 1px solid #1f497d; border-right: 1.5pt solid #1f497d; padding: 0cm 5.4pt; height: 11px; width: 28%;">
<p style="margin: 0cm 0cm 0.0001pt; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">Total volume </font></b><b><font lang="EN-US" style="color: #262626;">(000 tons)</font></b><b><font lang="EN-US" style="color: #262626;"></font></b></font></p>
</td>
<td style="border-top: none; border-left: none; border-bottom: 1px solid #1f497d; border-right: 1.5pt solid #1f497d; background: white; padding: 0cm 5.4pt; height: 11px; width: 9%;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">416</font></b><b><font lang="EN-US" style="color: #262626;"></font></b></font></p>
</td>
<td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 11px; width: 9%;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">426</font></b><b><font lang="EN-US" style="color: #262626;"></font></b></font></p>
</td>
<td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 11px; width: 9%;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">453</font></b><b><font lang="EN-US" style="color: #262626;"></font></b></font></p>
</td>
<td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 11px; width: 9%;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">(2%)</font></b><b><font lang="EN-US" style="color: #262626;"></font></b></font></p>
</td>
<td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 11px; width: 9%;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">(8%)</font></b><b><font lang="EN-US" style="color: #262626;"></font></b></font></p>
</td>
<td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 11px; width: 9%;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">1,714</font></b></font></p>
</td>
<td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 11px; width: 9%;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">1,732</font></b><b><font lang="EN-US" style="color: #262626;"></font></b></font></p>
</td>
<td style="border-top: none; border-left: none; border-bottom: 1px solid #1f497d; border-right: 1pt solid #1f497d; padding: 0cm 5.4pt; height: 11px; width: 9%;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">(1%)</font></b><b><font lang="EN-US" style="color: #262626;"></font></b></font></p>
</td>
</tr>
<tr style="height: 11px;">
<td style="border-top: none; border-left: 1pt solid #1f497d; border-bottom: 1px solid #1f497d; border-right: 1.5pt solid #1f497d; padding: 0cm 5.4pt; height: 11px;">
<p style="margin: 0cm 0cm 0.0001pt; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font lang="EN-US" style="font-size: 10pt; color: #262626; font-family: 'times new roman', times;">Bottled</font></p>
</td>
<td style="border-top: none; border-left: none; border-bottom: 1px solid #1f497d; border-right: 1.5pt solid #1f497d; background: white; padding: 0cm 5.4pt; height: 11px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font lang="EN-US" style="font-size: 10pt; color: #262626; font-family: 'times new roman', times;">278</font></p>
</td>
<td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 11px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font lang="EN-US" style="font-size: 10pt; color: #262626; font-family: 'times new roman', times;">289</font></p>
</td>
<td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 11px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font lang="EN-US" style="font-size: 10pt; color: #262626; font-family: 'times new roman', times;">304</font></p>
</td>
<td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 11px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">(4%)</font><font lang="EN-US" style="color: #262626;"></font></font></p>
</td>
<td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 11px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">(9%)</font><font lang="EN-US" style="color: #262626;"></font></font></p>
</td>
<td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 11px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">1,154</font><font lang="EN-US" style="color: #262626;"></font></font></p>
</td>
<td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 11px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font lang="EN-US" style="font-size: 10pt; color: #262626; font-family: 'times new roman', times;">1,198</font></p>
</td>
<td style="border-top: none; border-left: none; border-bottom: 1px solid #1f497d; border-right: 1pt solid #1f497d; padding: 0cm 5.4pt; height: 11px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">(4%)</font><font lang="EN-US" style="color: #262626;"></font></font></p>
</td>
</tr>
<tr style="height: 11px;">
<td style="border-top: none; border-left: 1pt solid #1f497d; border-bottom: 1px solid #1f497d; border-right: 1.5pt solid #1f497d; padding: 0cm 5.4pt; height: 11px;">
<p style="margin: 0cm 0cm 0.0001pt; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font lang="EN-US" style="font-size: 10pt; color: #262626; font-family: 'times new roman', times;">Bulk</font></p>
</td>
<td style="border-top: none; border-left: none; border-bottom: 1px solid #1f497d; border-right: 1.5pt solid #1f497d; background: white; padding: 0cm 5.4pt; height: 11px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font lang="EN-US" style="font-size: 10pt; color: #262626; font-family: 'times new roman', times;">139</font></p>
</td>
<td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 11px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">137</font><font lang="EN-US" style="color: #262626;"></font></font></p>
</td>
<td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 11px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">149</font><font lang="EN-US" style="color: #262626;"></font></font></p>
</td>
<td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 11px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">1%</font><font lang="EN-US" style="color: #262626;"></font></font></p>
</td>
<td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 11px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font lang="EN-US" style="font-size: 10pt; color: #262626; font-family: 'times new roman', times;">(7%)</font></p>
</td>
<td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 11px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font lang="EN-US" style="font-size: 10pt; color: #262626; font-family: 'times new roman', times;">560</font></p>
</td>
<td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 11px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font lang="EN-US" style="font-size: 10pt; color: #262626; font-family: 'times new roman', times;">534</font></p>
</td>
<td style="border-top: none; border-left: none; border-bottom: 1px solid #1f497d; border-right: 1pt solid #1f497d; padding: 0cm 5.4pt; height: 11px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">5%</font><font lang="EN-US" style="color: #262626;"></font></font></p>
</td>
</tr>
<tr style="height: 11px;">
<td style="border-top: none; border-left: 1pt solid #1f497d; border-bottom: 1px solid #1f497d; border-right: 1.5pt solid #1f497d; padding: 0cm 5.4pt; height: 11px;">
<p style="margin: 0cm 0cm 0.0001pt; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b style="mso-bidi-font-weight: normal;"><font lang="EN-US" style="color: #262626;">EBITDA </font></b><b style="mso-bidi-font-weight: normal;"><font lang="EN-US" style="color: #262626;">(R$ million)</font></b><b style="mso-bidi-font-weight: normal;"><font lang="EN-US" style="color: #262626;"></font></b></font></p>
</td>
<td style="border-top: none; border-left: none; border-bottom: 2px solid #1f497d; border-right: 1.5pt solid #1f497d; background: white; padding: 0cm 5.4pt; height: 11px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b style="mso-bidi-font-weight: normal;"><font lang="EN-US" style="color: #262626;">222</font></b></font></p>
</td>
<td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 11px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b style="mso-bidi-font-weight: normal;"><font lang="EN-US" style="color: #262626;">154</font></b></font></p>
</td>
<td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 11px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b style="mso-bidi-font-weight: normal;"><font lang="EN-US" style="color: #262626;">220</font></b></font></p>
</td>
<td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 11px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">44%</font></b><b style="mso-bidi-font-weight: normal;"><font lang="EN-US" style="color: #262626;"></font></b></font></p>
</td>
<td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 11px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b style="mso-bidi-font-weight: normal;"><font lang="EN-US" style="color: #262626;">1%</font></b></font></p>
</td>
<td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 11px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">729</font></b></font></p>
</td>
<td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 11px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">729</font></b></font></p>
</td>
<td style="border-top: none; border-left: none; border-bottom: 1px solid #1f497d; border-right: 1pt solid #1f497d; padding: 0cm 5.4pt; height: 11px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">0%</font></b><b><font lang="EN-US" style="color: #262626;"></font></b></font></p>
</td>
</tr>

</table>
<p style="text-align: justify;"><font style="color: #051273; font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;"><br></font></p>
<p style="margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #051273; font-weight: bold;">Operational performance </font><font style="color: #051273; font-weight: bold;">&#8211;</font> The volume sold by Ultragaz in 4Q21 decreased 2% in relation to 4Q20, as a result of a 4% reduction in the bottled segment, in line with the lower market demand. The bulk segment, on the other hand, increased 1%, mainly due to higher sales to industrial, commercial and services segments. In relation to 3Q21, sales volume decreased 8%, due to the typical seasonality between quarters. In 2021, sales volume at Ultragaz amounted to 1,714 thousand tons, a 1% reduction compared to 2020, mainly due to higher sales in the bottled segment when social isolation was greater during the beginning of the pandemic.</font></p>
<p style="margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #051273; font-weight: bold;">Net revenues</font><font style="color: #051273; font-weight: bold;"> &#8211; </font>Total of R$ 2,682 million (+36%), mainly due to the increases in LPG costs. In relation to 3Q21, net revenues remained stable. In 2021, net revenues totaled R$ 9,745 million, a growth of 32% compared to the previous year.</font></p>
<p style="margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #051273; font-weight: bold;">Cost of goods sold</font><font style="color: #051273; font-weight: bold;"> &#8211; </font>Total of R$ 2,346 million (+37%), due to the readjustments of LPG costs by Petrobras, resulting from the increases in the international prices of oil and derivatives and exchange rate variation, along with the effects of inflation on personnel, fuels and production materials. Compared to 3Q21, cost of goods sold remained stable. In 2021, cost of goods sold was R$ 8,626 million, 37% higher than the previous year. </font></p>
<p style="margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #051273; font-weight: bold;">Sales, general and administrative expenses &#8211; </font>Total of R$ 181 million (+6%), resulting from higher personnel expenses, higher provisions for doubtful accounts (parameters update), higher sales commissions and freight expenses, attenuated by lower information technology expenses. In relation to 3Q21, sales, general and administrative expenses increased 4%, due to higher personnel expenses. In 2021, SG&amp;A totaled R$ 661 million, a growth of 7% compared to 2020.</font></p>
<p style="margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #051273; font-weight: bold;">EBITDA &#8211;</font> Total of R$ 222 million, a growth of 44% compared to 4Q20, arising from pass throughs of LPG costs increases, attenuated by higher expenses. In relation to 3Q21, EBITDA increased 1%, due to pass throughs of LPG cost increases, partially offset by lower sales volume. Ultragaz's 2021 EBITDA reached R$ 729 million, similar to the record level registered in the previous year, mainly due to initiatives for higher productivity and for expenses reduction, even with the effects of inflation and lower volumes.</font></p>
<p style="margin: 0pt 0pt 10pt; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #051273; font-weight: bold;">Investments &#8211;</font> R$ 80 million were invested in this quarter, mainly allocated to equipment installed in new customers in the bulk segment, to the new plants in Bel&#233;m (state of Par&#225;) and Fortaleza (state of Cear&#225;), to the standardization of resales, to the acquisition and replacement of bottles and to information technology projects. In 2021, total investments amounted to R$ 354 million.</font></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>177</font></font></td>
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<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
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<tr style="height: 106px;">
<td style="width: 50%; height: 106px; vertical-align: bottom; padding: 0px 0px 10px;" valign="bottom">
<p style="margin: 0cm 0cm 0.0001pt; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font lang="PT-BR" style="font-size: 14pt; font-family: 'times new roman', times; color: #051272;">4<sup>th</sup> QUARTER OF 2021</font></p>
</td>
<td style="width: 50%; height: 106px; vertical-align: bottom;" valign="bottom">
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: right;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><img src="imgf2017895b99f459581b2.jpg" alt="Image1"></font></p>
</td>
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</table>
<p><br></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 7.1pt;">
<td style="border-bottom-color: #574aee; border-bottom-style: solid; border-bottom-width: 1.5pt; padding-right: 1.4pt; vertical-align: top; width: 518.75pt;">
<p style="line-height: 14pt; margin: 0pt 0pt 6pt; text-align: justify;"><font style="color: #051273; font-family: 'times new roman', times; font-size: 12pt; font-weight: bold;">Ultracargo</font></p>
</td>
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</table>
<p><br></p>
<table border="1" cellspacing="0" cellpadding="0" align="left" width="100%" style="width: 100%; border-collapse: collapse; border: none; margin-left: 0.1px; margin-right: 6.75px; height: 54px; font-family: 'times new roman'; font-size: 10pt;">

<tr style="height: 10px;">
<td rowspan="2" style="border-width: 1pt 1pt 1px; border-style: solid; border-color: #1f497d; border-image: initial; background: white; padding: 0cm 5.4pt; height: 18px;"></td>
<td rowspan="2" style="border-width: 1.5pt 1.5pt 1px; border-style: solid; border-color: #1f497d; background: white; padding: 0cm 5.4pt; height: 18px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">4Q21</font></b><b><font lang="EN-US" style="color: #262626;"></font></b></font></p>
</td>
<td rowspan="2" style="border-top: 1pt solid #1f497d; border-left: none; border-bottom: 1px solid #1f497d; border-right: none; background: white; padding: 0cm 5.4pt; height: 18px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">4Q20</font></b><b><font lang="EN-US" style="color: #262626;"></font></b></font></p>
</td>
<td rowspan="2" style="border-top: 1pt solid #1f497d; border-left: none; border-bottom: 1px solid #1f497d; border-right: none; background: white; padding: 0cm 5.4pt; height: 18px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">3Q21</font></b><b><font lang="EN-US" style="color: #262626;"></font></b></font></p>
</td>
<td style="border-right: none; border-bottom: 1px none; border-left: none; border-image: initial; border-top: 1pt solid #1f497d; background: white; padding: 0cm 5.4pt; height: 10px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">&#916;</font></b></font></p>
</td>
<td style="border-right: none; border-bottom: 1px none; border-left: none; border-image: initial; border-top: 1pt solid #1f497d; background: white; padding: 0cm 5.4pt; height: 10px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">&#916;</font></b></font></p>
</td>
<td rowspan="2" style="border-top: 1pt solid #1f497d; border-left: none; border-bottom: 1px solid #1f497d; border-right: none; background: white; padding: 0cm 5.4pt; height: 18px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">2021</font></b><b><font lang="EN-US" style="color: #262626;"></font></b></font></p>
</td>
<td rowspan="2" style="border-top: 1pt solid #1f497d; border-left: none; border-bottom: 1px solid #1f497d; border-right: none; background: white; padding: 0cm 5.4pt; height: 18px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">2020</font></b><b><font lang="EN-US" style="color: #262626;"></font></b></font></p>
</td>
<td style="border-top: 1pt solid #1f497d; border-left: none; border-bottom: 1px none; border-right: 1pt solid #1f497d; background: white; padding: 0cm 5.4pt; height: 10px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">&#916;</font></b></font></p>
</td>
</tr>
<tr style="height: 8px;">
<td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; background: white; padding: 0cm 5.4pt; height: 8px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">4Q21 v 4Q20</font></b></font></p>
</td>
<td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; background: white; padding: 0cm 5.4pt; height: 8px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">4Q21 v 3Q21</font></b></font></p>
</td>
<td style="border-top: none; border-left: none; border-bottom: 1px solid #1f497d; border-right: 1pt solid #1f497d; background: white; padding: 0cm 5.4pt; height: 8px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">2021 v 2020</font></b></font></p>
</td>
</tr>
<tr style="height: 9px;">
<td style="border-top: none; border-left: 1pt solid #1f497d; border-bottom: 1px solid #1f497d; border-right: 1.5pt solid #1f497d; padding: 0cm 5.4pt; height: 9px; width: 28%;">
<p style="margin: 0cm 0cm 0.0001pt; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">Installed capacity<font style="font-size: 8pt;"><sup>1</sup></font>&nbsp;</font><font lang="EN-US" style="color: #262626;">(000 m&#179;)</font><font lang="EN-US" style="color: #262626;"></font></font></p>
</td>
<td style="border-top: none; border-left: none; border-bottom: 1px solid #1f497d; border-right: 1.5pt solid #1f497d; background: white; padding: 0cm 5.4pt; height: 9px; width: 9%;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font lang="EN-US" style="font-size: 10pt; color: #262626; font-family: 'times new roman', times;">917</font></p>
</td>
<td valign="bottom" style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 9px; width: 9%;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">838</font><font lang="EN-US" style="color: #262626;"></font></font></p>
</td>
<td valign="bottom" style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 9px; width: 9%;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">878</font><font lang="EN-US" style="color: #262626;"></font></font></p>
</td>
<td valign="bottom" style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 9px; width: 9%;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">9%</font><font lang="EN-US" style="color: #262626;"></font></font></p>
</td>
<td valign="bottom" style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 9px; width: 9%;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">4%</font><font lang="EN-US" style="color: #262626;"></font></font></p>
</td>
<td valign="bottom" style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 9px; width: 9%;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">874</font><font lang="EN-US" style="color: #262626;"></font></font></p>
</td>
<td valign="bottom" style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 9px; width: 9%;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">832</font><font lang="EN-US" style="color: #262626;"></font></font></p>
</td>
<td style="border-top: none; border-left: none; border-bottom: 1px solid #1f497d; border-right: 1pt solid #1f497d; padding: 0cm 5.4pt; height: 9px; width: 9%;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">5%</font><font lang="EN-US" style="color: #262626;"></font></font></p>
</td>
</tr>
<tr style="height: 9px;">
<td style="border-top: none; border-left: 1pt solid #1f497d; border-bottom: 1px solid #1f497d; border-right: 1.5pt solid #1f497d; padding: 0cm 5.4pt; height: 9px;">
<p style="margin: 0cm 0cm 0.0001pt; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">m&#179; sold </font><font lang="EN-US" style="color: #262626;">(000 m&#179;)</font><font lang="EN-US" style="color: #262626;"></font></font></p>
</td>
<td valign="bottom" style="border-top: none; border-left: none; border-bottom: 1px solid #1f497d; border-right: 1.5pt solid #1f497d; background: white; padding: 0cm 5.4pt; height: 9px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">3,164</font><font lang="EN-US" style="color: #262626;"></font></font></p>
</td>
<td valign="bottom" style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 9px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">3,070</font><font lang="EN-US" style="color: #262626;"></font></font></p>
</td>
<td valign="bottom" style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 9px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">3,089</font><font lang="EN-US" style="color: #262626;"></font></font></p>
</td>
<td valign="bottom" style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 9px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">3%</font><font lang="EN-US" style="color: #262626;"></font></font></p>
</td>
<td valign="bottom" style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 9px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">2%</font><font lang="EN-US" style="color: #262626;"></font></font></p>
</td>
<td valign="bottom" style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 9px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">12,545</font><font lang="EN-US" style="color: #262626;"></font></font></p>
</td>
<td valign="bottom" style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 9px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font lang="EN-US" style="font-size: 10pt; color: #262626; font-family: 'times new roman', times;">12,244</font></p>
</td>
<td valign="bottom" style="border-top: none; border-left: none; border-bottom: 1px solid #1f497d; border-right: 1pt solid #1f497d; padding: 0cm 5.4pt; height: 9px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">2%</font><font lang="EN-US" style="color: #262626;"></font></font></p>
</td>
</tr>
<tr style="height: 9px;">
<td style="border-top: none; border-left: 1pt solid #1f497d; border-bottom: 1px solid #1f497d; border-right: 1.5pt solid #1f497d; padding: 0cm 5.4pt; height: 9px;">
<p style="margin: 0cm 0cm 0.0001pt; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">EBITDA</font></b><font lang="EN-US" style="color: #262626;"> </font><b><font lang="EN-US" style="color: #262626;">(R$ million)</font></b><b><font lang="EN-US" style="color: #262626;"></font></b></font></p>
</td>
<td style="border-top: none; border-left: none; border-bottom: 1px solid #1f497d; border-right: 1.5pt solid #1f497d; background: white; padding: 0cm 5.4pt; height: 9px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">101</font></b></font></p>
</td>
<td valign="bottom" style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 9px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">77</font></b></font></p>
</td>
<td valign="bottom" style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 9px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">102</font></b><b style="mso-bidi-font-weight: normal;"><font lang="EN-US" style="color: #262626;"></font></b></font></p>
</td>
<td valign="bottom" style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 9px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">32%</font></b></font></p>
</td>
<td valign="bottom" style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 9px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">(1%)</font></b></font></p>
</td>
<td valign="bottom" style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 9px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">396</font></b></font></p>
</td>
<td valign="bottom" style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 9px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">337</font></b></font></p>
</td>
<td style="border-top: none; border-left: none; border-bottom: 1px solid #1f497d; border-right: 1pt solid #1f497d; padding: 0cm 5.4pt; height: 9px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">17%</font></b></font></p>
</td>
</tr>
<tr style="height: 9px;">
<td style="border-top: none; border-left: 1pt solid #1f497d; border-bottom: 1px solid #1f497d; border-right: 1.5pt solid #1f497d; padding: 0cm 5.4pt; height: 9px;">
<p style="margin: 0cm 0cm 0.0001pt; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">Recurring EBITDA<font style="font-size: 8pt;"><sup>2</sup></font> (</font></b><b><font lang="EN-US" style="color: #262626;">R$ million)</font></b><font lang="EN-US" style="color: #262626;"></font></font></p>
</td>
<td style="border-top: none; border-left: none; border-bottom: 2px solid #1f497d; border-right: 1.5pt solid #1f497d; background: white; padding: 0cm 5.4pt; height: 9px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b style="mso-bidi-font-weight: normal;"><font lang="EN-US" style="color: #262626;">101</font></b></font></p>
</td>
<td valign="bottom" style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 9px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">77</font></b><b><font lang="EN-US" style="color: #262626;"></font></b></font></p>
</td>
<td valign="bottom" style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 9px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">102</font></b><b style="mso-bidi-font-weight: normal;"><font lang="EN-US" style="color: #262626;"></font></b></font></p>
</td>
<td valign="bottom" style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 9px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">32%</font></b><font lang="EN-US" style="color: #262626;"></font></font></p>
</td>
<td valign="bottom" style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 9px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">(1%)</font></b><font lang="EN-US" style="color: #262626;"></font></font></p>
</td>
<td valign="bottom" style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 9px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">396</font></b></font></p>
</td>
<td valign="bottom" style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 9px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">326</font></b></font></p>
</td>
<td style="border-top: none; border-left: none; border-bottom: 1px solid #1f497d; border-right: 1pt solid #1f497d; padding: 0cm 5.4pt; height: 9px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">22%</font></b><font lang="EN-US" style="color: #262626;"></font></font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 4.67pt; font-style: italic; vertical-align: super;">&nbsp;</font><font style="color: #262626; font-family: 'times new roman', times; font-size: 8pt; font-style: italic;"><sup>1</sup> Monthly average</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 8pt; font-style: italic;"><sup>2</sup> Does not include the effect of extraordinary tax credits of R$ 12 million in 2Q20</font></p>
<p style="margin: 0pt; text-align: justify;"><br></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #051273; font-weight: bold;">Operational performance</font><font style="color: #051273; font-weight: bold;"> &#8211;</font><font style="color: #051273;"> </font>Ultracargo's average installed capacity increased 9% in relation to 4Q20, due to the beginning of operations in Vila do Conde terminal in December 2021 and the commissioning of capacity expansions in Itaqui in the last twelve months. The m&#179; sold increased 3%, due to the increase in fuels handling in Itaqui, attenuated by lower handling in Suape. In relation to 3Q21, the m&#179; sold increased 2% for the same reasons mentioned above. In 2021, the m&#179; sold totaled 12,545 thousand m&#179;, a growth of 2% compared to the previous year.</font></p>
<p style="margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #051273; font-weight: bold;">Net revenues</font><font style="color: #051273; font-weight: bold;"> &#8211; </font>Total of R$ 187 million (+13%), due to contractual readjustments and a richer mix of products and terminals, in addition to the capacity expansions in the Itaqui terminal. Compared to 3Q21, net revenues increased 5%, due to higher handling and contractual readjustments. In 2021, net revenues amounted to R$ 713 million, 11% higher than 2020.</font></p>
<p style="margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #051273; font-weight: bold;">Cost of services provided </font><font style="color: #051273; font-weight: bold;">&#8211;</font><font style="color: #051273;"> </font>Total of R$ 78 million (+5%), mainly due to an increase in depreciation, arising from the capacity expansions, and higher rental readjustments costs. In relation to 3Q21, cost of services provided increased 12%, due to the effects of inflation over personnel and higher depreciation costs. In 2021, cost of services provided totaled R$ 285 million, an increase of 6% in relation to the previous year.</font></p>
<p style="margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #051273; font-weight: bold;">Sales, general and administrative expenses</font><font style="color: #051273; font-weight: bold;"> &#8211;</font><font style="color: #051273;"> </font>Total of R$ 36 million (+6%), due to higher personnel expenses and information technology to support productivity gains and digital transformation projects. Compared to 3Q21, sales, general and administrative expenses increased 10% mainly due to higher information technology expenses and the effects of inflation over personnel. In 2021, SG&amp;A totaled R$ 136 million, 5% higher than 2020.</font></p>
<p style="margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #051273; font-weight: bold;">Recurring </font><font style="color: #051273; font-weight: bold;">EBITDA</font><font style="color: #051273; font-weight: bold;"> </font><font style="color: #051273; font-weight: bold;">&#8211;</font><font style="color: #051273;"> </font>Total of R$ 101 million (+32%), due to expansions with profitability gains, contractual readjustments and productivity gains. In relation to 3Q21, EBITDA was R$ 1 million lower, due to higher expenses. In 2021, Ultracargo's EBITDA reached a record level of R$ 396 million, an increase of 22% in the relation to the previous year, due to capacity expansions with profitability gains at the terminals, contractual readjustments and productivity gains.</font></p>
<p style="margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #051273; font-weight: bold;">Investments &#8211;</font><font style="color: #051273;"> </font>Investments in the period amounted to R$ 71 million, directed to the conclusion of the construction of the new terminal in Vila do Conde (state of Par&#225;), the expansion of the Itaqui terminal and projects for operational safety, efficiency gains and maintenance of the terminals. In 2021, total investments amounted to R$ 358 million.</font></p>
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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>178</font></font></td>
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<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
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<tr style="height: 106px;">
<td style="width: 50%; height: 106px; vertical-align: bottom; padding: 0px 0px 10px;" valign="bottom">
<p style="margin: 0cm 0cm 0.0001pt; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font lang="PT-BR" style="font-size: 14pt; font-family: 'times new roman', times; color: #051272;">4<sup>th</sup> QUARTER OF 2021</font></p>
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<td style="width: 50%; height: 106px; vertical-align: bottom;" valign="bottom">
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: right;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><img src="imgf2017895b99f459581b2.jpg" alt="Image1"></font></p>
</td>
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</table>
<p><br></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 7.1pt;">
<td style="border-bottom: 1.5pt solid #99ca3b; padding: 0px; vertical-align: top; width: 518.75pt;">
<p style="line-height: 14pt; margin: 0pt 0pt 6pt; text-align: justify;"><font style="color: #051273; font-family: 'times new roman', times; font-size: 12pt; font-weight: bold;">Oxiteno</font></p>
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</table>
<p><br></p>
<table border="1" cellspacing="0" cellpadding="0" align="left" width="100%" style="border-collapse: collapse; border: none; margin-left: 0.1px; margin-right: 6.75px; width: 100%; height: 112px; font-family: 'times new roman'; font-size: 10pt;">

<tr style="height: 10px;">
<td rowspan="2" style="border-width: 1pt 1pt 1px; border-style: solid; border-color: #1f497d; border-image: initial; padding: 0cm 5.4pt; height: 22px;"></td>
<td rowspan="2" style="border-top: 1.5pt solid #1f497d; border-left: none; border-bottom: 1px solid #1f497d; border-right: 1.5pt solid #1f497d; background: white; padding: 0cm 5.4pt; height: 22px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">4Q21</font></b><b><font lang="EN-US" style="color: #262626;"></font></b></font></p>
</td>
<td rowspan="2" style="border-top: 1pt solid #1f497d; border-left: none; border-bottom: 1px solid #1f497d; border-right: none; background: white; padding: 0cm 5.4pt; height: 22px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">4Q20</font></b><b><font lang="EN-US" style="color: #262626;"></font></b></font></p>
</td>
<td rowspan="2" style="border-top: 1pt solid #1f497d; border-left: none; border-bottom: 1px solid #1f497d; border-right: none; background: white; padding: 0cm 5.4pt; height: 22px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">3Q21</font></b><b><font lang="EN-US" style="color: #262626;"></font></b></font></p>
</td>
<td style="border-right: none; border-bottom: 1px none; border-left: none; border-image: initial; border-top: 1pt solid #1f497d; background: white; padding: 0cm 5.4pt; height: 10px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">&#916;</font></b></font></p>
</td>
<td style="border-right: none; border-bottom: 1px none; border-left: none; border-image: initial; border-top: 1pt solid #1f497d; background: white; padding: 0cm 5.4pt; height: 10px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">&#916;</font></b></font></p>
</td>
<td rowspan="2" style="border-top: 1pt solid #1f497d; border-left: none; border-bottom: 1px solid #1f497d; border-right: none; background: white; padding: 0cm 5.4pt; height: 22px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">2021</font></b><b><font lang="EN-US" style="color: #262626;"></font></b></font></p>
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<td rowspan="2" style="border-top: 1pt solid #1f497d; border-left: none; border-bottom: 1px solid #1f497d; border-right: none; background: white; padding: 0cm 5.4pt; height: 22px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">2020</font></b><b><font lang="EN-US" style="color: #262626;"></font></b></font></p>
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<td style="border-top: 1pt solid #1f497d; border-left: none; border-bottom: 1px none; border-right: 1pt solid #1f497d; background: white; padding: 0cm 5.4pt; height: 10px;">
<p align="center" style="margin: 0cm -12.25pt 0.0001pt -5.3pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">&#916;</font></b></font></p>
</td>
</tr>
<tr style="height: 12px;">
<td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; background: white; padding: 0cm 5.4pt; height: 12px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">4Q21 v 4Q20</font></b></font></p>
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<td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; background: white; padding: 0cm 5.4pt; height: 12px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">4Q21 v 3Q21</font></b></font></p>
</td>
<td style="border-top: none; border-left: none; border-bottom: 1px solid #1f497d; border-right: 1pt solid #1f497d; background: white; padding: 0cm 5.4pt; height: 12px;">
<p align="center" style="margin: 0cm -12.25pt 0.0001pt -5.3pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">2021 v 2020</font></b></font></p>
</td>
</tr>
<tr style="height: 14px;">
<td style="border-top: none; border-left: 1pt solid #1f497d; border-bottom: 1px solid #1f497d; border-right: 1.5pt solid #1f497d; padding: 0cm 5.4pt; height: 14px; width: 27%;">
<p style="margin: 0cm 0cm 0.0001pt; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">Average exchange rate </font><font lang="EN-US" style="color: #262626;">(R$/US$)</font><font lang="EN-US" style="color: #262626;"></font></font></p>
</td>
<td style="border-top: none; border-left: none; border-bottom: 1px solid #1f497d; border-right: 1.5pt solid #1f497d; padding: 0cm 5.4pt; height: 14px; width: 9%;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">5.58</font><font lang="EN-US" style="color: #262626;"></font></font></p>
</td>
<td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 14px; width: 9%;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">5.40</font><font lang="EN-US" style="color: #262626;"></font></font></p>
</td>
<td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 14px; width: 9%;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">5.23</font><font lang="EN-US" style="color: #262626;"></font></font></p>
</td>
<td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 14px; width: 9%;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">3%</font><font lang="EN-US" style="color: #262626;"></font></font></p>
</td>
<td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 14px; width: 9%;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">7%</font><font lang="EN-US" style="color: #262626;"></font></font></p>
</td>
<td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 14px; width: 9%;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">5.40</font><font lang="EN-US" style="color: #262626;"></font></font></p>
</td>
<td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 14px; width: 9%;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">5.16</font><font lang="EN-US" style="color: #262626;"></font></font></p>
</td>
<td style="border-top: none; border-left: none; border-bottom: 1px solid #1f497d; border-right: 1pt solid #1f497d; padding: 0cm 5.4pt; height: 14px; width: 9%;">
<p align="center" style="margin: 0cm -12.25pt 0.0001pt -5.3pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">5%</font><font lang="EN-US" style="color: #262626;"></font></font></p>
</td>
</tr>
<tr style="height: 14px;">
<td style="border-top: none; border-left: 1pt solid #1f497d; border-bottom: 1px solid #1f497d; border-right: 1.5pt solid #1f497d; padding: 0cm 5.4pt; height: 14px;">
<p style="margin: 0cm 0cm 0.0001pt; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">Total volume </font></b><b><font lang="EN-US" style="color: #262626;">(000 tons)</font></b><b><font lang="EN-US" style="color: #262626;"></font></b></font></p>
</td>
<td style="border-top: none; border-left: none; border-bottom: 1px solid #1f497d; border-right: 1.5pt solid #1f497d; padding: 0cm 5.4pt; height: 14px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">191</font></b></font></p>
</td>
<td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 14px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">204</font></b><b><font lang="EN-US" style="color: #262626;"></font></b></font></p>
</td>
<td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 14px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">216</font></b></font></p>
</td>
<td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 14px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">(6%)</font></b><b><font lang="EN-US" style="color: #262626;"></font></b></font></p>
</td>
<td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 14px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">(11%)</font></b><b><font lang="EN-US" style="color: #262626;"></font></b></font></p>
</td>
<td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 14px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">779</font></b></font></p>
</td>
<td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 14px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">753</font></b></font></p>
</td>
<td style="border-top: none; border-left: none; border-bottom: 1px solid #1f497d; border-right: 1pt solid #1f497d; padding: 0cm 5.4pt; height: 14px;">
<p align="center" style="margin: 0cm -12.25pt 0.0001pt -5.3pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">3%</font></b><b><font lang="EN-US" style="color: #262626;"></font></b></font></p>
</td>
</tr>
<tr style="height: 14px;">
<td style="border-top: none; border-left: 1pt solid #1f497d; border-bottom: 1px solid #1f497d; border-right: 1.5pt solid #1f497d; padding: 0cm 5.4pt; height: 14px;">
<p style="margin: 0cm 0cm 0.0001pt; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font lang="EN-US" style="font-size: 10pt; color: #262626; font-family: 'times new roman', times;">Commodities</font></p>
</td>
<td style="border-top: none; border-left: none; border-bottom: 1px solid #1f497d; border-right: 1.5pt solid #1f497d; padding: 0cm 5.4pt; height: 14px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font lang="EN-US" style="font-size: 10pt; color: #262626; font-family: 'times new roman', times;">22</font></p>
</td>
<td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 14px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font lang="EN-US" style="font-size: 10pt; color: #262626; font-family: 'times new roman', times;">33</font></p>
</td>
<td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 14px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font lang="EN-US" style="font-size: 10pt; color: #262626; font-family: 'times new roman', times;">35</font></p>
</td>
<td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 14px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font lang="EN-US" style="font-size: 10pt; color: #262626; font-family: 'times new roman', times;">(34%)</font></p>
</td>
<td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 14px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font lang="EN-US" style="font-size: 10pt; color: #262626; font-family: 'times new roman', times;">(37%)</font></p>
</td>
<td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 14px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font lang="EN-US" style="font-size: 10pt; color: #262626; font-family: 'times new roman', times;">108</font></p>
</td>
<td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 14px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font lang="EN-US" style="font-size: 10pt; color: #262626; font-family: 'times new roman', times;">130</font></p>
</td>
<td style="border-top: none; border-left: none; border-bottom: 1px solid #1f497d; border-right: 1pt solid #1f497d; padding: 0cm 5.4pt; height: 14px;">
<p align="center" style="margin: 0cm -12.25pt 0.0001pt -5.3pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font lang="EN-US" style="font-size: 10pt; color: #262626; font-family: 'times new roman', times;">(17%)</font></p>
</td>
</tr>
<tr style="height: 14px;">
<td style="border-top: none; border-left: 1pt solid #1f497d; border-bottom: 1px solid #1f497d; border-right: 1.5pt solid #1f497d; padding: 0cm 5.4pt; height: 14px;">
<p style="margin: 0cm 0cm 0.0001pt; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font lang="EN-US" style="font-size: 10pt; color: #262626; font-family: 'times new roman', times;">Specialty chemicals/Others</font></p>
</td>
<td style="border-top: none; border-left: none; border-bottom: 1px solid #1f497d; border-right: 1.5pt solid #1f497d; padding: 0cm 5.4pt; height: 14px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">169</font><font lang="EN-US" style="color: #262626;"></font></font></p>
</td>
<td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 14px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">171</font><font lang="EN-US" style="color: #262626;"></font></font></p>
</td>
<td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 14px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">181</font><font lang="EN-US" style="color: #262626;"></font></font></p>
</td>
<td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 14px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">(1%)</font><font lang="EN-US" style="color: #262626;"></font></font></p>
</td>
<td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 14px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">(6%)</font><font lang="EN-US" style="color: #262626;"></font></font></p>
</td>
<td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 14px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font lang="EN-US" style="font-size: 10pt; color: #262626; font-family: 'times new roman', times;">672</font></p>
</td>
<td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 14px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font lang="EN-US" style="font-size: 10pt; color: #262626; font-family: 'times new roman', times;">624</font></p>
</td>
<td style="border-top: none; border-left: none; border-bottom: 1px solid #1f497d; border-right: 1pt solid #1f497d; padding: 0cm 5.4pt; height: 14px;">
<p align="center" style="margin: 0cm -12.25pt 0.0001pt -5.3pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">8%</font><font lang="EN-US" style="color: #262626;"></font></font></p>
</td>
</tr>
<tr style="height: 14px;">
<td style="border-top: none; border-left: 1pt solid #1f497d; border-bottom: 1px solid #1f497d; border-right: 1.5pt solid #1f497d; padding: 0cm 5.4pt; height: 14px;">
<p style="margin: 0cm 0cm 0.0001pt; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font lang="EN-US" style="font-size: 10pt; color: #262626; font-family: 'times new roman', times;">Sales in Brazil</font></p>
</td>
<td style="border-top: none; border-left: none; border-bottom: 1px solid #1f497d; border-right: 1.5pt solid #1f497d; padding: 0cm 5.4pt; height: 14px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">135</font><font lang="EN-US" style="color: #262626;"></font></font></p>
</td>
<td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 14px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">154</font><font lang="EN-US" style="color: #262626;"></font></font></p>
</td>
<td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 14px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">154</font><font lang="EN-US" style="color: #262626;"></font></font></p>
</td>
<td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 14px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">(13%)</font><font lang="EN-US" style="color: #262626;"></font></font></p>
</td>
<td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 14px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">(13%)</font><font lang="EN-US" style="color: #262626;"></font></font></p>
</td>
<td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 14px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font lang="EN-US" style="font-size: 10pt; color: #262626; font-family: 'times new roman', times;">551</font></p>
</td>
<td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 14px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font lang="EN-US" style="font-size: 10pt; color: #262626; font-family: 'times new roman', times;">535</font></p>
</td>
<td style="border-top: none; border-left: none; border-bottom: 1px solid #1f497d; border-right: 1pt solid #1f497d; padding: 0cm 5.4pt; height: 14px;">
<p align="center" style="margin: 0cm -12.25pt 0.0001pt -5.3pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">3%</font><font lang="EN-US" style="color: #262626;"></font></font></p>
</td>
</tr>
<tr style="height: 14px;">
<td style="border-top: none; border-left: 1pt solid #1f497d; border-bottom: 1px solid #1f497d; border-right: 1.5pt solid #1f497d; padding: 0cm 5.4pt; height: 14px;">
<p style="margin: 0cm 0cm 0.0001pt; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font lang="EN-US" style="font-size: 10pt; color: #262626; font-family: 'times new roman', times;">International sales</font></p>
</td>
<td style="border-top: none; border-left: none; border-bottom: 1px solid #1f497d; border-right: 1.5pt solid #1f497d; padding: 0cm 5.4pt; height: 14px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font lang="EN-US" style="font-size: 10pt; color: #262626; font-family: 'times new roman', times;">57</font></p>
</td>
<td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 14px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">50</font><font lang="EN-US" style="color: #262626;"></font></font></p>
</td>
<td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 14px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font lang="EN-US" style="font-size: 10pt; color: #262626; font-family: 'times new roman', times;">62</font></p>
</td>
<td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 14px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font lang="EN-US" style="font-size: 10pt; color: #262626; font-family: 'times new roman', times;">13%</font></p>
</td>
<td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 14px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">(9%)</font><font lang="EN-US" style="color: #262626;"></font></font></p>
</td>
<td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 14px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font lang="EN-US" style="font-size: 10pt; color: #262626; font-family: 'times new roman', times;">228</font></p>
</td>
<td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 14px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font lang="EN-US" style="font-size: 10pt; color: #262626; font-family: 'times new roman', times;">219</font></p>
</td>
<td style="border-top: none; border-left: none; border-bottom: 1px solid #1f497d; border-right: 1pt solid #1f497d; padding: 0cm 5.4pt; height: 14px;">
<p align="center" style="margin: 0cm -12.25pt 0.0001pt -5.3pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">4%</font><font lang="EN-US" style="color: #262626;"></font></font></p>
</td>
</tr>
<tr style="height: 3px;">
<td style="border-top: none; border-left: 1pt solid #1f497d; border-bottom: 1px solid #1f497d; border-right: 1.5pt solid #1f497d; padding: 0cm 5.4pt; height: 3px;">
<p style="margin: 0cm 0cm 0.0001pt; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b style="mso-bidi-font-weight: normal;"><font lang="EN-US" style="color: #262626;">EBITDA (R$ million)</font></b></font></p>
</td>
<td style="border-top: none; border-left: none; border-bottom: 1px solid #1f497d; border-right: 1.5pt solid #1f497d; padding: 0cm 5.4pt; height: 3px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">252</font></b><b style="mso-bidi-font-weight: normal;"><font lang="EN-US" style="color: #262626;"></font></b></font></p>
</td>
<td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 3px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b style="mso-bidi-font-weight: normal;"><font lang="EN-US" style="color: #262626;">262</font></b></font></p>
</td>
<td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 3px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">352</font></b></font></p>
</td>
<td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 3px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">(4%)</font></b></font></p>
</td>
<td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 3px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">(28%)</font></b></font></p>
</td>
<td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 3px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">1,104</font></b></font></p>
</td>
<td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 3px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">785</font></b></font></p>
</td>
<td style="border-top: none; border-left: none; border-bottom: 1px solid #1f497d; border-right: 1pt solid #1f497d; padding: 0cm 5.4pt; height: 3px;">
<p align="center" style="margin: 0cm -12.25pt 0.0001pt -5.3pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">41%</font></b></font></p>
</td>
</tr>
<tr style="height: 3px;">
<td style="border-top: none; border-left: 1pt solid #1f497d; border-bottom: 1px solid #1f497d; border-right: 1.5pt solid #1f497d; padding: 0cm 5.4pt; height: 3px;">
<p style="margin: 0cm 0cm 0.0001pt; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b style="mso-bidi-font-weight: normal;"><font lang="EN-US" style="color: #262626;">Recurring EBITDA<font style="font-size: 8pt;"><sup>1</sup></font>&nbsp;</font></b><b style="mso-bidi-font-weight: normal;"><font lang="EN-US" style="color: #262626;">(R$ million)</font></b><b style="mso-bidi-font-weight: normal;"><font lang="EN-US" style="color: #262626;"></font></b></font></p>
</td>
<td style="border-top: none; border-left: none; border-bottom: 2px solid #1f497d; border-right: 1.5pt solid #1f497d; padding: 0cm 5.4pt; height: 3px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b style="mso-bidi-font-weight: normal;"><font lang="EN-US" style="color: #262626;">252</font></b></font></p>
</td>
<td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 3px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">177</font></b><b style="mso-bidi-font-weight: normal;"><font lang="EN-US" style="color: #262626;"></font></b></font></p>
</td>
<td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 3px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b style="mso-bidi-font-weight: normal;"><font lang="EN-US" style="color: #262626;">352</font></b></font></p>
</td>
<td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 3px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">42%</font></b><b style="mso-bidi-font-weight: normal;"><font lang="EN-US" style="color: #262626;"></font></b></font></p>
</td>
<td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 3px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">(28%)</font></b><b style="mso-bidi-font-weight: normal;"><font lang="EN-US" style="color: #262626;"></font></b></font></p>
</td>
<td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 3px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">1,104</font></b></font></p>
</td>
<td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 3px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">629</font></b></font></p>
</td>
<td style="border-top: none; border-left: none; border-bottom: 1px solid #1f497d; border-right: 1pt solid #1f497d; padding: 0cm 5.4pt; height: 3px;">
<p align="center" style="margin: 0cm -12.25pt 0.0001pt -5.3pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">75%</font></b><b><font lang="EN-US" style="color: #262626;"></font></b></font></p>
</td>
</tr>

</table>
<p style="margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 8pt;"><font style="font-style: italic;"><sup>1</sup>&nbsp;</font><font style="font-style: italic;">Does not include the effect of extraordinary tax credits of</font><font style="font-style: italic;"> R$ 71 mi</font><font style="font-style: italic;">llion in 1Q20 and </font><font style="font-style: italic;">of </font><font style="font-style: italic;">R$ 85 million in 4Q20</font></font></p>
<p style="margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #051273; font-weight: bold;">Operational performance</font><font style="color: #051273; font-weight: bold;"> &#8211;</font><font style="color: #051273;"> </font>Oxiteno's total sales volume decreased 6% in relation to 4Q20, a reduction of 1% in specialty chemicals resulting from lower sales to the home and personal care segment, attenuated by higher sales to the crop solutions segment and in the United States. The volume of commodities decreased 34%, due to the prioritization of specialty chemicals sales during the period of scheduled shutdowns. In relation to 3Q21, the volume decreased 11%, with lower sales in the domestic market, especially to the home and personal care segment, besides the lower volume of international units, reflection of the typical seasonality between quarters. In 2021, Oxiteno sales volume totaled 779 thousand tons, 3% higher than 2020.</font></p>
<p style="margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #051273; font-weight: bold;">Net revenues</font><font style="color: #051273; font-weight: bold;"> &#8211;</font><font style="color: #051273;"> </font>Total of R$ 2,013 million (+36%), due to the increase in average dollar prices, as a result of the rise in raw materials costs and a product mix with lower share of commodities, and the average exchange rate more devalued, despite the lower sales volume. In relation to 3Q21, net revenues increased 2%, for the same reasons mentioned above. In 2021, net revenues totaled R$ 7,103 million, a 36% increase in relation to 2020.</font></p>
<p style="margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #051273; font-weight: bold;">Cost of goods sold</font><font style="color: #051273; font-weight: bold;"> &#8211;</font><font style="color: #051273;"> </font>Total of R$ 1,631 million (+38%), due to higher costs of raw materials, higher costs with personnel (variable remuneration), and maintenance related to the scheduled shutdowns in the 4Q21, attenuated by the effect of the Zero Cost Collar in 4Q20 (margin hedge, discontinued as from 2021). In relation to 3Q21, cost of goods sold increased 8%, due to higher costs of raw materials, in line with the international prices, and higher costs with personnel and maintenance. In 2021, cost of goods sold totaled R$ 5,541 million, 32% higher than 2020.</font></p>
<p style="margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #051273; font-weight: bold;">Sales, general and administrative expenses </font><font style="color: #051273; font-weight: bold;">&#8211;</font><font style="color: #051273;"> </font>Total of R$ 264 million (+16%), due to higher expenses with freight and storage, as a result of higher unit costs, and higher expenses with personnel. In relation to 3Q21, sales, general and administrative expenses increased 5%, due to higher expenses with logistics and legal counsel. In 2021, SG&amp;A totaled R$ 968 million, a 18% growth in relation to 2020.</font></p>
<p style="margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #051273; font-weight: bold;">Other operating results</font><font style="color: #051273; font-weight: bold;"> &#8211;</font> Decrease of R$ 81 million in relation to 4Q20, due to the constitution of extraordinary tax credits related to the exclusion of ICMS from the PIS/Cofins tax calculation basis in the 4Q20. In relation to 3Q21, there was a reduction of R$ 18 million, due to the insurance reimbursement for business interruption losses in 3Q21 from an incident at Oleoqu&#237;mica, in Cama&#231;ari, in 2017.</font></p>
<p style="margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #051273; font-weight: bold;">Recurring </font><font style="color: #051273; font-weight: bold;">EBITDA</font><font style="color: #051273; font-weight: bold;"> </font><font style="color: #051273; font-weight: bold;">&#8211; </font>Oxiteno achieved an EBITDA of R$ 252 million, 42% higher than 4Q20, due to better margins and to the effect of the Zero Cost Collar in 4Q20 (margin hedge, discontinued as from 2021), attenuated by higher costs and expenses. In relation to 3Q21, EBITDA decreased 28%, mainly due to lower sales volume and higher costs and expenses, reflection of the typical seasonality between quarters. In 2021, Oxiteno's EBITDA reached a record level of R$ 1,104 million, a 75% growth in relation to the previous year, explained by higher sales volume and better margins, besides the effect of the Zero Cost Collar in 2020, attenuated by higher costs and expenses.</font></p>
<p style="margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #051273; font-weight: bold;">Investments &#8211;</font><font style="color: #051273;"> </font>Investments in the period amounted to R$ 126 million, mainly directed to the maintenance and safety of production units, as well as information technology projects. In 2021, total investments amounted to R$ 287 million.</font></p>
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<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>179</font></font></td>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
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<td style="width: 50%; height: 106px; vertical-align: bottom; padding: 0px 0px 10px;" valign="bottom">
<p style="margin: 0cm 0cm 0.0001pt; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font lang="PT-BR" style="font-size: 14pt; font-family: 'times new roman', times; color: #051272;">4<sup>th</sup> QUARTER OF 2021</font></p>
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<td style="width: 50%; height: 106px; vertical-align: bottom;" valign="bottom">
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: right;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><img src="imgf2017895b99f459581b2.jpg" alt="Image1"></font></p>
</td>
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</table>
<p><br></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 7.1pt;">
<td style="border-bottom: 1.5pt solid #f5ca01; padding: 0px; vertical-align: top; width: 518.75pt;">
<p style="line-height: 14pt; margin: 0pt 0pt 6pt; text-align: justify;"><font style="color: #051273; font-family: 'times new roman', times; font-size: 12pt; font-weight: bold;">Ipiranga</font></p>
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<p><br></p>
<table border="1" cellspacing="0" cellpadding="0" align="left" width="100%" style="height: 94px; width: 100%; border-collapse: collapse; border: none; margin-left: 0.1px; margin-right: 6.75px; font-family: 'times new roman'; font-size: 10pt;">

<tr style="height: 11px;">
<td rowspan="2" style="border-width: 1pt 1pt 1px; border-style: solid; border-color: #1f497d; border-image: initial; background: white; padding: 0cm 5.4pt; height: 22px;"></td>
<td rowspan="2" style="border-width: 1.5pt 1.5pt 1px; border-style: solid; border-color: #1f497d; background: white; padding: 0cm 5.4pt; height: 22px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">4Q21</font></b><b><font lang="EN-US" style="color: #262626;"></font></b></font></p>
</td>
<td rowspan="2" style="border-top: 1pt solid #1f497d; border-left: none; border-bottom: 1px solid #1f497d; border-right: none; background: white; padding: 0cm 5.4pt; height: 22px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">4Q20</font></b><b><font lang="EN-US" style="color: #262626;"></font></b></font></p>
</td>
<td rowspan="2" style="border-top: 1pt solid #1f497d; border-left: none; border-bottom: 1px solid #1f497d; border-right: none; background: white; padding: 0cm 5.4pt; height: 22px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">3Q21</font></b><b><font lang="EN-US" style="color: #262626;"></font></b></font></p>
</td>
<td style="border-right: none; border-bottom: 1px none; border-left: none; border-image: initial; border-top: 1pt solid #1f497d; background: white; padding: 0cm 5.4pt; height: 11px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">&#916;</font></b></font></p>
</td>
<td style="border-right: none; border-bottom: 1px none; border-left: none; border-image: initial; border-top: 1pt solid #1f497d; background: white; padding: 0cm 5.4pt; height: 11px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">&#916;</font></b></font></p>
</td>
<td rowspan="2" style="border-top: 1pt solid #1f497d; border-left: none; border-bottom: 1px solid #1f497d; border-right: none; background: white; padding: 0cm 5.4pt; height: 22px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">2021</font></b><b><font lang="EN-US" style="color: #262626;"></font></b></font></p>
</td>
<td rowspan="2" style="border-top: 1pt solid #1f497d; border-left: none; border-bottom: 1px solid #1f497d; border-right: none; background: white; padding: 0cm 5.4pt; height: 22px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">2020</font></b><b><font lang="EN-US" style="color: #262626;"></font></b></font></p>
</td>
<td style="border-top: 1pt solid #1f497d; border-left: none; border-bottom: 1px none; border-right: 1pt solid #1f497d; background: white; padding: 0cm 5.4pt; height: 11px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">&#916;</font></b></font></p>
</td>
</tr>
<tr style="height: 11px;">
<td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; background: white; padding: 0cm 5.4pt; height: 11px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">4Q21 v 4Q20</font></b></font></p>
</td>
<td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; background: white; padding: 0cm 5.4pt; height: 11px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">4Q21 v 3Q21</font></b></font></p>
</td>
<td style="border-top: none; border-left: none; border-bottom: 1px solid #1f497d; border-right: 1pt solid #1f497d; background: white; padding: 0cm 5.4pt; height: 11px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">2021 v 2020</font></b></font></p>
</td>
</tr>
<tr style="height: 12px;">
<td style="border-top: none; border-left: 1pt solid #1f497d; border-bottom: 1px solid #1f497d; border-right: 1.5pt solid #1f497d; padding: 0cm 5.4pt; height: 12px; width: 27%;">
<p style="margin: 0cm 0cm 0.0001pt; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">Total volume </font></b><b><font lang="EN-US" style="color: #262626;">(000 m&#179;)</font></b><b><font lang="EN-US" style="color: #262626;"></font></b></font></p>
</td>
<td style="border-top: none; border-left: none; border-bottom: 1px solid #1f497d; border-right: 1.5pt solid #1f497d; background: white; padding: 0cm 5.4pt; height: 12px; width: 9%;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">5,670</font></b><b><font lang="EN-US" style="color: #262626;"></font></b></font></p>
</td>
<td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 12px; width: 9%;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">5,815</font></b><b><font lang="EN-US" style="color: #262626;"></font></b></font></p>
</td>
<td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 12px; width: 9%;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">5,855</font></b><b><font lang="EN-US" style="color: #262626;"></font></b></font></p>
</td>
<td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 12px; width: 9%;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">(2%)</font></b><b><font lang="EN-US" style="color: #262626;"></font></b></font></p>
</td>
<td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 12px; width: 9%;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">(3%)</font></b><b><font lang="EN-US" style="color: #262626;"></font></b></font></p>
</td>
<td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 12px; width: 9%;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">22,477</font></b><b><font lang="EN-US" style="color: #262626;"></font></b></font></p>
</td>
<td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 12px; width: 9%;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">21,461</font></b></font></p>
</td>
<td style="border-top: none; border-left: none; border-bottom: 1px solid #1f497d; border-right: 1pt solid #1f497d; padding: 0cm 5.4pt; height: 12px; width: 9%;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">5%</font></b><b><font lang="EN-US" style="color: #262626;"></font></b></font></p>
</td>
</tr>
<tr style="height: 12px;">
<td style="border-top: none; border-left: 1pt solid #1f497d; border-bottom: 1px solid #1f497d; border-right: 1.5pt solid #1f497d; padding: 0cm 5.4pt; height: 12px;">
<p style="margin: 0cm 0cm 0.0001pt; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font lang="EN-US" style="font-size: 10pt; color: #262626; font-family: 'times new roman', times;">Diesel</font></p>
</td>
<td style="border-top: none; border-left: none; border-bottom: 1px solid #1f497d; border-right: 1.5pt solid #1f497d; background: white; padding: 0cm 5.4pt; height: 12px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font lang="EN-US" style="font-size: 10pt; color: #262626; font-family: 'times new roman', times;">2,909</font></p>
</td>
<td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 12px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">2,861</font><font lang="EN-US" style="color: #262626;"></font></font></p>
</td>
<td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 12px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">3,121</font><font lang="EN-US" style="color: #262626;"></font></font></p>
</td>
<td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 12px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">2%</font><font lang="EN-US" style="color: #262626;"></font></font></p>
</td>
<td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 12px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">(7%)</font><font lang="EN-US" style="color: #262626;"></font></font></p>
</td>
<td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 12px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">11,806</font><font lang="EN-US" style="color: #262626;"></font></font></p>
</td>
<td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 12px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font lang="EN-US" style="font-size: 10pt; color: #262626; font-family: 'times new roman', times;">11,164</font></p>
</td>
<td style="border-top: none; border-left: none; border-bottom: 1px solid #1f497d; border-right: 1pt solid #1f497d; padding: 0cm 5.4pt; height: 12px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">6%</font><font lang="EN-US" style="color: #262626;"></font></font></p>
</td>
</tr>
<tr style="height: 12px;">
<td style="border-top: none; border-left: 1pt solid #1f497d; border-bottom: 1px solid #1f497d; border-right: 1.5pt solid #1f497d; padding: 0cm 5.4pt; height: 12px;">
<p style="margin: 0cm 0cm 0.0001pt; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font lang="EN-US" style="font-size: 10pt; color: #262626; font-family: 'times new roman', times;">Otto cycle</font></p>
</td>
<td style="border-top: none; border-left: none; border-bottom: 1px solid #1f497d; border-right: 1.5pt solid #1f497d; background: white; padding: 0cm 5.4pt; height: 12px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">2,656</font><font lang="EN-US" style="color: #262626;"></font></font></p>
</td>
<td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 12px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">2,847</font><font lang="EN-US" style="color: #262626;"></font></font></p>
</td>
<td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 12px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">2,623</font><font lang="EN-US" style="color: #262626;"></font></font></p>
</td>
<td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 12px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">(7%)</font><font lang="EN-US" style="color: #262626;"></font></font></p>
</td>
<td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 12px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">1%</font><font lang="EN-US" style="color: #262626;"></font></font></p>
</td>
<td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 12px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">10,233</font><font lang="EN-US" style="color: #262626;"></font></font></p>
</td>
<td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 12px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font lang="EN-US" style="font-size: 10pt; color: #262626; font-family: 'times new roman', times;">9,895</font></p>
</td>
<td style="border-top: none; border-left: none; border-bottom: 1px solid #1f497d; border-right: 1pt solid #1f497d; padding: 0cm 5.4pt; height: 12px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">3%</font><font lang="EN-US" style="color: #262626;"></font></font></p>
</td>
</tr>
<tr style="height: 12px;">
<td style="border-top: none; border-left: 1pt solid #1f497d; border-bottom: 1px solid #1f497d; border-right: 1.5pt solid #1f497d; padding: 0cm 5.4pt; height: 12px;">
<p style="margin: 0cm 0cm 0.0001pt; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font lang="EN-US" style="font-size: 10pt; color: #262626; font-family: 'times new roman', times;">Others<font style="font-size: 8pt;"><sup>1</sup></font></font></p>
</td>
<td style="border-top: none; border-left: none; border-bottom: 1px solid #1f497d; border-right: 1.5pt solid #1f497d; background: white; padding: 0cm 5.4pt; height: 12px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">105</font><font lang="EN-US" style="color: #262626;"></font></font></p>
</td>
<td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 12px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">107</font><font lang="EN-US" style="color: #262626;"></font></font></p>
</td>
<td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 12px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">110</font><font lang="EN-US" style="color: #262626;"></font></font></p>
</td>
<td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 12px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">(2%)</font><font lang="EN-US" style="color: #262626;"></font></font></p>
</td>
<td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 12px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">(5%)</font><font lang="EN-US" style="color: #262626;"></font></font></p>
</td>
<td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 12px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font lang="EN-US" style="font-size: 10pt; color: #262626; font-family: 'times new roman', times;">439</font></p>
</td>
<td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 12px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font lang="EN-US" style="font-size: 10pt; color: #262626; font-family: 'times new roman', times;">402</font></p>
</td>
<td style="border-top: none; border-left: none; border-bottom: 1px solid #1f497d; border-right: 1pt solid #1f497d; padding: 0cm 5.4pt; height: 12px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">9%</font><font lang="EN-US" style="color: #262626;"></font></font></p>
</td>
</tr>
<tr style="height: 12px;">
<td style="border-top: none; border-left: 1pt solid #1f497d; border-bottom: 1px solid #1f497d; border-right: 1.5pt solid #1f497d; padding: 0cm 5.4pt; height: 12px;">
<p style="margin: 0cm 0cm 0.0001pt; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b style="mso-bidi-font-weight: normal;"><font lang="EN-US" style="color: #262626;">EBITDA (R$ million)</font></b></font></p>
</td>
<td style="border-top: none; border-left: none; border-bottom: 1px solid #1f497d; border-right: 1.5pt solid #1f497d; background: white; padding: 0cm 5.4pt; height: 12px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b style="mso-bidi-font-weight: normal;"><font lang="EN-US" style="color: #262626;">704</font></b></font></p>
</td>
<td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 12px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b style="mso-bidi-font-weight: normal;"><font lang="EN-US" style="color: #262626;">487</font></b></font></p>
</td>
<td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 12px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b style="mso-bidi-font-weight: normal;"><font lang="EN-US" style="color: #262626;">398</font></b></font></p>
</td>
<td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 12px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">44%</font></b><b style="mso-bidi-font-weight: normal;"><font lang="EN-US" style="color: #262626;"></font></b></font></p>
</td>
<td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 12px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">77%</font></b><b style="mso-bidi-font-weight: normal;"><font lang="EN-US" style="color: #262626;"></font></b></font></p>
</td>
<td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 12px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b style="mso-bidi-font-weight: normal;"><font lang="EN-US" style="color: #262626;">2,087</font></b></font></p>
</td>
<td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 12px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">1,712</font></b><b style="mso-bidi-font-weight: normal;"><font lang="EN-US" style="color: #262626;"></font></b></font></p>
</td>
<td style="border-top: none; border-left: none; border-bottom: 1px solid #1f497d; border-right: 1pt solid #1f497d; padding: 0cm 5.4pt; height: 12px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b style="mso-bidi-font-weight: normal;"><font lang="EN-US" style="color: #262626;">22%</font></b></font></p>
</td>
</tr>
<tr style="height: 12px;">
<td style="border-top: none; border-left: 1pt solid #1f497d; border-bottom: 1px solid #1f497d; border-right: 1.5pt solid #1f497d; padding: 0cm 5.4pt; height: 12px;">
<p style="margin: 0cm 0cm 0.0001pt; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b style="mso-bidi-font-weight: normal;"><font lang="EN-US" style="color: #262626;">Recurring EBITDA<font style="font-size: 8pt;"><sup>2</sup></font> (R$ million)</font></b></font></p>
</td>
<td style="border-top: none; border-left: none; border-bottom: 2px solid #1f497d; border-right: 1.5pt solid #1f497d; background: white; padding: 0cm 5.4pt; height: 12px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b style="mso-bidi-font-weight: normal;"><font lang="EN-US" style="color: #262626;">627</font></b></font></p>
</td>
<td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 12px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b style="mso-bidi-font-weight: normal;"><font lang="EN-US" style="color: #262626;">487</font></b></font></p>
</td>
<td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 12px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b style="mso-bidi-font-weight: normal;"><font lang="EN-US" style="color: #262626;">398</font></b></font></p>
</td>
<td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 12px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">29%</font></b></font></p>
</td>
<td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 12px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">58%</font></b></font></p>
</td>
<td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 12px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">2,010</font></b></font></p>
</td>
<td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 12px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">1,712</font></b></font></p>
</td>
<td style="border-top: none; border-left: none; border-bottom: 1px solid #1f497d; border-right: 1pt solid #1f497d; padding: 0cm 5.4pt; height: 12px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b style="mso-bidi-font-weight: normal;"><font lang="EN-US" style="color: #262626;">17%</font></b></font></p>
</td>
</tr>

</table>
<p style="margin: 0pt;"><font style="font-style: italic;"><font style="font-family: 'times new roman', times; font-size: 10pt; vertical-align: super;">&nbsp;</font><font style="font-family: 'times new roman', times; font-size: 8pt;"><sup>1</sup>&nbsp;Fuel oils, arla 32, kerosene, lubricants and greases</font></font></p>
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;"><font style="font-style: italic;"><sup>&nbsp;2</sup>&nbsp;Does not include the capital gains from the sale of ConectC</font><font style="font-style: italic;">a</font><font style="font-style: italic;">r</font><font style="font-style: italic;"> of</font><font style="font-style: italic;"> R$</font><font style="font-style: italic;"> </font><font style="font-style: italic;">76 million in 4Q21</font></font></p>
<p style="margin: 0pt;"><br></p>
<p style="margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #051273; font-weight: bold;">Operational performance &#8211; </font>Ipiranga reported a decrease of 2% in the volume sold relative to 4Q20, with a reduction of 7% in the Otto cycle, with a greater share of gasoline at the expense of ethanol in the product mix, while diesel increased 2%. In relation to 3Q21, the volume was 3% lower, with a decrease of 7% in diesel, attenuated by a growth of 1% in the Otto cycle. In 2021, Ipiranga sold 22,477 thousand m&#179;, 5% higher than 2020.</font></p>
<p style="margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #051273; font-weight: bold;">Net revenues &#8211;</font><font style="color: #051273; font-weight: bold;"> </font>Total of R$ 29,060 million (+52%), due to the increase of the average costs of oil derivatives and ethanol. In relation to 3Q21, net revenues increased 9%, due to the same factors mentioned above. In 2021, net revenues amounted to R$ 99,383 million, 50% higher than the previous year.</font></p>
<p style="margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #051273; font-weight: bold;">Cost of goods sold &#8211;</font><font style="color: #051273;"> </font>Total of R$ 28,004 million (+52%), due to increased costs of oil derivatives and ethanol, arising from the increase in international prices and the Real devaluation. In relation to 3Q21, the increase of 8% resulted from the same factors mentioned above. In 2021, cost of goods sold totaled R$ 96,110 million, 51% higher than 2020.</font></p>
<p style="margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #051273; font-weight: bold;">Sales, general and administrative expenses </font><font style="color: #051272; font-weight: bold;">&#8211;</font> Total of R$ 706 million (+50%) mainly due to a concentration of contingencies provisions (mostly civil and tax proceedings) in the amount of R$ 88 million, higher expenses with AmPm&#8217;s company-operated stores, and the impacts of inflation over expenses, besides the contingency of expenses in several fronts in 2020 and lower expenses with provision for doubtful accounts in the 4Q20. In relation to 3Q21, sales, general and administrative expenses increased 29%, due to the concentration of contingencies provisions already mentioned, higher provision for doubtful accounts and higher marketing expenses. In 2021, SG&amp;A totaled R$ 2,232 million, an increase of 31% in relation to 2020.</font></p>
<p style="margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #051273; font-weight: bold;">Other operating results &#8211;</font><font style="color: #051273;"> </font>Total of R$ 15 million in the quarter, a reduction of R$ 8 million in relation to 4Q20, mainly due to lower extraordinary tax credits (R$ 42 million in 4Q21 vs R$ 70 million in 4Q20), attenuated by higher revenues of merchandising negotiated with suppliers and lower costs with CBios. In relation to 3Q21, there was an increase of R$ 10 million, due to higher revenues of merchandising negotiated with suppliers.</font></p>
<p style="margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #051273; font-weight: bold;">Results from disposal of assets &#8211;</font> Total of R$ 128 million (+175%), due to capital gain from the sale of ConectCar in the amount of R$ 76 million and higher sales of real estate assets. In relation to 3Q21, there was an increase of R$ 111 million, due to the same reasons already mentioned. </font></p>
<p style="margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #051273; font-weight: bold;">Recurring EBITDA &#8211;</font> Total of R$ 627 million (+29%), mainly due to better margins and higher results from disposal of assets, partially offset by higher expenses and lower volume. In relation to 3Q21, the EBITDA growth was 58%, for the same reasons mentioned in the annual comparison. Ipiranga's recurring EBITDA amounted to R$ 2,010 million in 2021, a 17% increase in relation to 2020, due to better margins and higher sales volume, attenuated by higher expenses. </font></p>
<p style="margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #051273; font-weight: bold;">Investments &#8211;</font><font style="color: #051273;"> </font>R$ 415 million were invested in the quarter, directed to expansion and maintenance of Ipiranga&#8217;s service station and franchise network and to logistics infrastructure. Out of the total investments, R$ 190 million refers to additions to fixed and intangible assets, R$ 198 million to contractual assets with customers (exclusive rights) and R$ 28 million to installments from the sale of real estate assets, net of financing granted to customers. In 2021, total investments amounted to R$ 807 million.</font></p>
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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>180</font></font></td>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
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<tr style="height: 106px;">
<td style="width: 50%; height: 106px; vertical-align: bottom; padding: 0px 0px 10px;" valign="bottom">
<p style="margin: 0cm 0cm 0.0001pt; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font lang="PT-BR" style="font-size: 14pt; font-family: 'times new roman', times; color: #051272;">4<sup>th</sup> QUARTER OF 2021</font></p>
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<td style="width: 50%; height: 106px; vertical-align: bottom;" valign="bottom">
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: right;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><img src="imgf2017895b99f459581b2.jpg" alt="Image1"></font></p>
</td>
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<p><br></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 7.1pt;">
<td style="border-bottom: 1.5pt solid #672e8f; padding: 0px; vertical-align: top; width: 518.75pt;">
<p style="line-height: 14pt; margin: 0pt 0pt 6pt;"><font style="color: #051273; font-family: 'times new roman', times; font-size: 12pt; font-weight: bold;">Extrafarma</font></p>
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</table>
<p><br></p>
<table border="1" cellspacing="0" cellpadding="0" align="left" width="100%" style="height: 79px; border-collapse: collapse; border: none; margin-left: 0.1px; margin-right: 6.75px; width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr style="height: 10px;">
<td width="27%" rowspan="2" style="width: 27.52%; border-width: 1pt 1pt 1px; border-style: solid; border-color: #1f497d; border-image: initial; padding: 0cm 5.4pt; height: 19px;"></td>
<td width="9%" rowspan="2" style="width: 9.66%; border-top: 1.5pt solid #1f497d; border-left: none; border-bottom: 1px solid #1f497d; border-right: 1.5pt solid #1f497d; background: white; padding: 0cm 5.4pt; height: 19px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">4Q21</font></b><b><font lang="EN-US" style="color: #262626;"></font></b></font></p>
</td>
<td width="8%" rowspan="2" style="width: 8.26%; border-top: 1pt solid #1f497d; border-left: none; border-bottom: 1px solid #1f497d; border-right: none; background: white; padding: 0cm 5.4pt; height: 19px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">4Q20</font></b><b><font lang="EN-US" style="color: #262626;"></font></b></font></p>
</td>
<td width="6%" rowspan="2" style="width: 6.9%; border-top: 1pt solid #1f497d; border-left: none; border-bottom: 1px solid #1f497d; border-right: none; background: white; padding: 0cm 5.4pt; height: 19px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">3Q21</font></b><b><font lang="EN-US" style="color: #262626;"></font></b></font></p>
</td>
<td width="11%" style="width: 11.02%; border-right: none; border-bottom: 1px none; border-left: none; border-image: initial; border-top: 1pt solid #1f497d; background: white; padding: 0cm 5.4pt; height: 10px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">&#916;</font></b></font></p>
</td>
<td width="11%" style="width: 11.02%; border-right: none; border-bottom: 1px none; border-left: none; border-image: initial; border-top: 1pt solid #1f497d; background: white; padding: 0cm 5.4pt; height: 10px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">&#916;</font></b></font></p>
</td>
<td width="8%" rowspan="2" style="width: 8.26%; border-top: 1pt solid #1f497d; border-left: none; border-bottom: 1px solid #1f497d; border-right: none; background: white; padding: 0cm 5.4pt; height: 19px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">2021</font></b></font></p>
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<td width="6%" rowspan="2" style="width: 6.9%; border-top: 1pt solid #1f497d; border-left: none; border-bottom: 1px solid #1f497d; border-right: none; background: white; padding: 0cm 5.4pt; height: 19px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">2020</font></b></font></p>
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<td width="10%" style="width: 10.44%; border-top: 1pt solid #1f497d; border-left: none; border-bottom: 1px none; border-right: 1pt solid #1f497d; background: white; padding: 0cm 5.4pt; height: 10px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">&#916;</font></b><b><font lang="EN-US" style="color: #262626;"></font></b></font></p>
</td>
</tr>
<tr style="height: 9px;">
<td width="11%" style="width: 11.02%; border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; background: white; padding: 0cm 5.4pt; height: 9px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">4Q21 v 4Q20</font></b></font></p>
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<td width="11%" style="width: 11.02%; border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; background: white; padding: 0cm 5.4pt; height: 9px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">4Q21 v 3Q21</font></b></font></p>
</td>
<td width="10%" style="width: 10.44%; border-top: none; border-left: none; border-bottom: 1px solid #1f497d; border-right: 1pt solid #1f497d; background: white; padding: 0cm 5.4pt; height: 9px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">2021 v 2020</font></b><b><font lang="EN-US" style="color: #262626;"></font></b></font></p>
</td>
</tr>
<tr style="height: 12px;">
<td width="27%" style="width: 27.52%; border-top: none; border-left: 1pt solid #1f497d; border-bottom: 1px solid #1f497d; border-right: 1.5pt solid #1f497d; padding: 0cm 5.4pt; height: 12px;">
<p style="margin: 0cm 0cm 0.0001pt; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">Number of stores </font><font lang="EN-US" style="color: #262626;">(end of the period)</font><font lang="EN-US" style="color: #262626;"></font></font></p>
</td>
<td width="9%" style="width: 9.66%; border-top: none; border-left: none; border-bottom: 1px solid #1f497d; border-right: 1.5pt solid #1f497d; padding: 0cm 5.4pt; height: 12px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">399</font><font lang="EN-US" style="color: #262626;"></font></font></p>
</td>
<td width="8%" style="width: 8.26%; border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 12px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">405</font><font lang="EN-US" style="color: #262626;"></font></font></p>
</td>
<td width="6%" style="width: 6.9%; border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 12px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">399</font><font lang="EN-US" style="color: #262626;"></font></font></p>
</td>
<td width="11%" style="width: 11.02%; border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 12px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">(1%)</font><font lang="EN-US" style="color: #262626;"></font></font></p>
</td>
<td width="11%" style="width: 11.02%; border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 12px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">0%</font><font lang="EN-US" style="color: #262626;"></font></font></p>
</td>
<td width="8%" style="width: 8.26%; border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 12px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font lang="EN-US" style="font-size: 10pt; color: #262626; font-family: 'times new roman', times;">399</font></p>
</td>
<td width="6%" style="width: 6.9%; border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 12px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">405</font><font lang="EN-US" style="color: #262626;"></font></font></p>
</td>
<td width="10%" style="width: 10.44%; border-top: none; border-left: none; border-bottom: 1px solid #1f497d; border-right: 1pt solid #1f497d; padding: 0cm 5.4pt; height: 12px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">(1%)</font><font lang="EN-US" style="color: #262626;"></font></font></p>
</td>
</tr>
<tr style="height: 12px;">
<td width="27%" style="width: 27.52%; border-top: none; border-left: 1pt solid #1f497d; border-bottom: 1px solid #1f497d; border-right: 1.5pt solid #1f497d; padding: 0cm 5.4pt; height: 12px;">
<p style="margin: 0cm 0cm 0.0001pt; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;"><font style="mso-spacerun: yes;">&nbsp;</font>% of mature stores </font><font lang="EN-US" style="color: #262626;">(+3 years)</font><font lang="EN-US" style="color: #262626;"></font></font></p>
</td>
<td width="9%" style="width: 9.66%; border-top: none; border-left: none; border-bottom: 1px solid #1f497d; border-right: 1.5pt solid #1f497d; padding: 0cm 5.4pt; height: 12px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">88%</font><font lang="EN-US" style="color: #262626;"></font></font></p>
</td>
<td width="8%" style="width: 8.26%; border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 12px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">75%</font><font lang="EN-US" style="color: #262626;"></font></font></p>
</td>
<td width="6%" style="width: 6.9%; border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 12px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">85%</font><font lang="EN-US" style="color: #262626;"></font></font></p>
</td>
<td width="11%" style="width: 11.02%; border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 12px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">13 p.p.</font><font lang="EN-US" style="color: #262626;"></font></font></p>
</td>
<td width="11%" style="width: 11.02%; border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 12px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">4 p.p.</font><font lang="EN-US" style="color: #262626;"></font></font></p>
</td>
<td width="8%" style="width: 8.26%; border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 12px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">88%</font><font lang="EN-US" style="color: #262626;"></font></font></p>
</td>
<td width="6%" style="width: 6.9%; border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 12px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">75%</font><font lang="EN-US" style="color: #262626;"></font></font></p>
</td>
<td width="10%" style="width: 10.44%; border-top: none; border-left: none; border-bottom: 1px solid #1f497d; border-right: 1pt solid #1f497d; padding: 0cm 5.4pt; height: 12px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">13 p.p.</font><font lang="EN-US" style="color: #262626;"></font></font></p>
</td>
</tr>
<tr style="height: 12px;">
<td width="27%" style="width: 27.52%; border-top: none; border-left: 1pt solid #1f497d; border-bottom: 1px solid #1f497d; border-right: 1.5pt solid #1f497d; padding: 0cm 5.4pt; height: 12px;">
<p style="margin: 0cm 0cm 0.0001pt; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b style="mso-bidi-font-weight: normal;"><font lang="EN-US" style="color: #262626;">Gross revenues </font></b><b style="mso-bidi-font-weight: normal;"><font lang="EN-US" style="color: #262626;">(R$ million)</font></b><b style="mso-bidi-font-weight: normal;"><font lang="EN-US" style="color: #262626;"></font></b></font></p>
</td>
<td width="9%" style="width: 9.66%; border-top: none; border-left: none; border-bottom: 1px solid #1f497d; border-right: 1.5pt solid #1f497d; padding: 0cm 5.4pt; height: 12px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">528</font></b><b style="mso-bidi-font-weight: normal;"><font lang="EN-US" style="color: #262626;"></font></b></font></p>
</td>
<td width="8%" style="width: 8.26%; border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 12px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">548</font></b><b style="mso-bidi-font-weight: normal;"><font lang="EN-US" style="color: #262626;"></font></b></font></p>
</td>
<td width="6%" style="width: 6.9%; border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 12px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">510</font></b><b style="mso-bidi-font-weight: normal;"><font lang="EN-US" style="color: #262626;"></font></b></font></p>
</td>
<td width="11%" style="width: 11.02%; border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 12px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">(4%)</font></b><b style="mso-bidi-font-weight: normal;"><font lang="EN-US" style="color: #262626;"></font></b></font></p>
</td>
<td width="11%" style="width: 11.02%; border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 12px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b style="mso-bidi-font-weight: normal;"><font lang="EN-US" style="color: #262626;">4%</font></b></font></p>
</td>
<td width="8%" style="width: 8.26%; border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 12px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">2,096</font></b><b><font lang="EN-US" style="color: #262626;"></font></b></font></p>
</td>
<td width="6%" style="width: 6.9%; border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 12px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">2,106</font></b></font></p>
</td>
<td width="10%" style="width: 10.44%; border-top: none; border-left: none; border-bottom: 1px solid #1f497d; border-right: 1pt solid #1f497d; padding: 0cm 5.4pt; height: 12px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">0%</font></b><b><font lang="EN-US" style="color: #262626;"></font></b></font></p>
</td>
</tr>
<tr style="height: 12px;">
<td width="27%" style="width: 27.52%; border-top: none; border-left: 1pt solid #1f497d; border-bottom: 1px solid #1f497d; border-right: 1.5pt solid #1f497d; padding: 0cm 5.4pt; height: 12px;">
<p style="margin: 0cm 0cm 0.0001pt; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b style="mso-bidi-font-weight: normal;"><font lang="EN-US" style="color: #262626;">EBITDA </font></b><b style="mso-bidi-font-weight: normal;"><font lang="EN-US" style="color: #262626;">(R$ million)</font></b><b style="mso-bidi-font-weight: normal;"><font lang="EN-US" style="color: #262626;"></font></b></font></p>
</td>
<td width="9%" style="width: 9.66%; border-top: none; border-left: none; border-bottom: 1px solid #1f497d; border-right: 1.5pt solid #1f497d; padding: 0cm 5.4pt; height: 12px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">(9)</font></b></font></p>
</td>
<td width="8%" style="width: 8.26%; border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 12px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">34</font></b></font></p>
</td>
<td width="6%" style="width: 6.9%; border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 12px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">17</font></b></font></p>
</td>
<td width="11%" valign="bottom" style="width: 11.02%; border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 12px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">n/a</font></b></font></p>
</td>
<td width="11%" valign="bottom" style="width: 11.02%; border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 12px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">n/a</font></b></font></p>
</td>
<td width="8%" style="width: 8.26%; border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 12px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">(353)</font></b></font></p>
</td>
<td width="6%" style="width: 6.9%; border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 12px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">84</font></b></font></p>
</td>
<td width="10%" valign="bottom" style="width: 10.44%; border-top: none; border-left: none; border-bottom: 1px solid #1f497d; border-right: 1pt solid #1f497d; padding: 0cm 5.4pt; height: 12px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">n/a</font></b></font></p>
</td>
</tr>
<tr style="height: 12px;">
<td width="27%" style="width: 27.52%; border-top: none; border-left: 1pt solid #1f497d; border-bottom: 1px solid #1f497d; border-right: 1.5pt solid #1f497d; padding: 0cm 5.4pt; height: 12px;">
<p style="margin: 0cm 0cm 0.0001pt; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b style="mso-bidi-font-weight: normal;"><font lang="EN-US" style="color: #262626;">Recurring EBITDA<font style="font-size: 8pt;"><sup>1</sup></font>&nbsp;</font></b><b style="mso-bidi-font-weight: normal;"><font lang="EN-US" style="color: #262626;">(R$ million)</font></b><b style="mso-bidi-font-weight: normal;"><font lang="EN-US" style="color: #262626;"></font></b></font></p>
</td>
<td width="9%" style="width: 9.66%; border-top: none; border-left: none; border-bottom: 2px solid #1f497d; border-right: 1.5pt solid #1f497d; padding: 0cm 5.4pt; height: 12px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">24</font></b></font></p>
</td>
<td width="8%" style="width: 8.26%; border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 12px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">34</font></b></font></p>
</td>
<td width="6%" style="width: 6.9%; border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 12px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">17</font></b></font></p>
</td>
<td width="11%" style="width: 11.02%; border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 12px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">(30%)</font></b><b><font lang="EN-US" style="color: #262626;"></font></b></font></p>
</td>
<td width="11%" style="width: 11.02%; border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 12px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">40%</font></b></font></p>
</td>
<td width="8%" style="width: 8.26%; border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 12px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">74</font></b></font></p>
</td>
<td width="6%" style="width: 6.9%; border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 12px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">84</font></b></font></p>
</td>
<td width="10%" style="width: 10.44%; border-top: none; border-left: none; border-bottom: 1px solid #1f497d; border-right: 1pt solid #1f497d; padding: 0cm 5.4pt; height: 12px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">(12%)</font></b></font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 8pt;"><sup><font style="font-style: italic;">1 </font></sup><font style="font-style: italic;">Does not include the impairment of assets of </font><font style="font-style: italic;">R$ 395 </font><font style="font-style: italic;">million</font><font style="font-style: italic;"> </font><font style="font-style: italic;">in</font><font style="font-style: italic;"> 2</font><font style="font-style: italic;">Q</font><font style="font-style: italic;">21</font><font style="font-style: italic;"> </font><font style="font-style: italic;">and</font><font style="font-style: italic;"> </font><font style="font-style: italic;">of</font><font style="font-style: italic;"> R$ 33 </font><font style="font-style: italic;">million in 4Q21</font></font></p>
<p style="margin: 0pt; text-align: justify;"><br></p>
<p style="margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #051273; font-weight: bold;">Operational performance</font><font style="color: #051272; font-weight: bold;"> &#8211;</font> Extrafarma ended 4Q21 with 399 pharmacies, with 6 closures and no openings in the last twelve months, a reduction of 1% in its network, resulting from a more rigorous approach to underperforming stores. At the end of the quarter, maturing stores (with up to three years of operation) represented 12% of the chain.</font></p>
<p style="margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #051273; font-weight: bold;">Gross revenues</font><font style="color: #051272; font-weight: bold;"> &#8211;</font> Total of R$ 528 million (-4%), due to a lower number of stores (-1%) and a strong basis for comparison in mobile phone sales in 4Q20 (-71%), resulting from the temporary shutdown of commercial activities by virtue of the pandemic in that period. In relation to 3Q21, gross revenues increased 4%, mainly due to higher number of promotional actions and typical seasonality between quarters. In 2021, Extrafarma's gross revenues totaled R$ 2,096 million, in line with 2020.</font></p>
<p style="margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #051273; font-weight: bold;">Cost of goods sold and gross profit</font><font style="color: #051272; font-weight: bold;"> &#8211;</font> Cost of goods sold amounted to R$ 352 million (-3%), following the reduction in sales. Gross profit totaled R$ 148 million (-5%), equivalent to a gross margin of 28.0%, 0.4 p.p. below 4Q20. In relation to 3Q21, cost of goods sold increased 6%, while gross profit was reduced by 1%, due to promotional actions. In 2021, cost of goods sold amounted to R$ 1,384 million (-1%) and gross profit to R$ 603 million (+2%).</font></p>
<p style="margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #051273; font-weight: bold;">Sales, general and administrative expenses &#8211;</font> Total of R$ 162 million (+3%), due to the impacts of inflation over personnel expenses, partially offset by productivity gain actions. In relation to 3Q21, sales, general and administrative expenses decreased 8%, especially due to actions to reduce expenses and higher tax credits. In 2021, SG&amp;A amounted to R$ 682 million, 4% higher than 2020.</font></p>
<p style="margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #051273; font-weight: bold;">Impairment &#8211; </font>Loss of R$ 33 million, due to impairment of assets, with no cash effect, as a result of the signing of the sale agreement of Extrafarma to Pague Menos.</font></p>
<p style="margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #051273; font-weight: bold;">Recurring EBITDA </font><font style="color: #051272; font-weight: bold;">&#8211; </font>Total of R$ 24 million (-30%), due to lower sales and the impacts of inflation over expenses. In relation to 3Q21, there was a 40% increase, due to higher sales and lower expenses. In 2021, Extrafarma's recurring EBITDA was R$ 74 million, a reduction of 12% in relation to 2020, due to lower sales and the impacts of inflation over expenses.</font></p>
<p style="margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #051273; font-weight: bold;">Investments</font><font style="color: #051272; font-weight: bold;"> &#8211;</font> In 4Q21, R$ 10 million were invested mostly in information technology and the improvements and refurbishments in stores. In 2021, total investments amounted to R$ 36 million.</font></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>181</font></font></td>
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</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<table style="width: 100%; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt; height: 123px;">

<tr style="height: 106px;">
<td style="width: 50%; height: 106px; vertical-align: bottom; padding: 0px 0px 10px;" valign="bottom">
<p style="margin: 0cm 0cm 0.0001pt; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font lang="PT-BR" style="font-size: 14pt; font-family: 'times new roman', times; color: #051272;">4<sup>th</sup> QUARTER OF 2021</font></p>
</td>
<td style="width: 50%; height: 106px; vertical-align: bottom;" valign="bottom">
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: right;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><img src="imgf2017895b99f459581b2.jpg" alt="Image1"></font></p>
</td>
</tr>

</table>
<p><br></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 7.1pt;">
<td style="border-bottom: 1.5pt solid #002060; padding: 0px; vertical-align: top; width: 518.75pt;">
<p style="line-height: 14pt; margin: 0pt 0pt 6pt;"><font style="font-size: 12pt; font-family: 'times new roman', times;"><font style="color: #051273; font-weight: bold;">Indebtedness </font><font style="color: #051273; font-weight: bold;">(R$ mi</font><font style="color: #051273; font-weight: bold;">llion</font><font style="color: #051273; font-weight: bold;">)</font></font></p>
</td>
</tr>

</table>
<p style="margin: 0pt;"><br></p>
<table border="1" cellspacing="0" cellpadding="0" width="100%" style="margin-left: 0.1px; border-collapse: collapse; border: none; width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr style="mso-yfti-irow: 0; mso-yfti-firstrow: yes; height: 22.5pt;">
<td width="400" style="width: 300.15pt; border-width: 1pt 1.5pt 1px 1pt; border-style: solid; border-color: #1f497d; border-image: initial; background: white; padding: 0cm 5.4pt; height: 22.5pt;">
<p style="margin: 0cm 0cm 0.0001pt; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">Ultrapar consolidated </font></b><font style="mso-bookmark: _Hlk78390106;"><b><font lang="EN-US" style="color: #262626;"></font></b></font></font></p>
</td>
<td width="98" style="width: 73.5pt; border-top: 1.5pt solid #1f497d; border-left: none; border-bottom: 1px solid #1f497d; border-right: 1.5pt solid #1f497d; background: white; padding: 0cm 5.4pt; height: 22.5pt;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-bookmark: _Hlk78390106;"><b><font lang="EN-US" style="color: #262626;">4Q21</font></b></font><font style="mso-bookmark: _Hlk78390106;"><b><font lang="EN-US" style="color: #262626;"></font></b></font></font></p>
</td>
<td width="98" style="width: 73.5pt; border-top: 1pt solid #1f497d; border-left: none; border-bottom: 1px solid #1f497d; border-right: none; background: white; padding: 0cm 5.4pt; height: 22.5pt;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-bookmark: _Hlk78390106;"><b><font lang="EN-US" style="color: #262626;">4Q20</font></b></font><font style="mso-bookmark: _Hlk78390106;"><b><font lang="EN-US" style="color: #262626;"></font></b></font></font></p>
</td>
<td width="98" style="width: 73.5pt; border-top: 1pt solid #1f497d; border-right: 1pt solid #1f497d; border-bottom: 1px solid #1f497d; border-image: initial; border-left: none; background: white; padding: 0cm 5.4pt; height: 22.5pt;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">3Q21</font></b></font></p>
</td>
</tr>
<tr style="mso-yfti-irow: 1; height: 15.6pt;">
<td width="400" style="width: 300.15pt; border-top: none; border-left: 1pt solid #1f497d; border-bottom: 1px solid #1f497d; border-right: 1.5pt solid #1f497d; padding: 0cm 5.4pt; height: 15.6pt;">
<p style="margin: 0cm 0cm 0.0001pt; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">Gross debt</font></font></p>
</td>
<td width="98" style="width: 73.5pt; border-top: none; border-left: none; border-bottom: 1px solid #1f497d; border-right: 1.5pt solid #1f497d; background: white; padding: 0cm 5.4pt; height: 15.6pt;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-bookmark: _Hlk78390106;"><font lang="EN-US" style="color: #262626;">(16,619)</font></font><font style="mso-bookmark: _Hlk78390106;"><font lang="EN-US" style="color: #262626;"></font></font></font></p>
</td>
<td width="98" style="width: 73.5pt; border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 15.6pt;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-bookmark: _Hlk78390106;"><font lang="EN-US" style="color: #262626;">(17,376)</font></font><font style="mso-bookmark: _Hlk78390106;"><font lang="EN-US" style="color: #262626;"></font></font></font></p>
</td>
<td width="98" style="width: 73.5pt; border-top: none; border-left: none; border-bottom: 1px solid #1f497d; border-right: 1pt solid #1f497d; padding: 0cm 5.4pt; height: 15.6pt;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">(16,409)</font></font></p>
</td>
</tr>
<tr style="mso-yfti-irow: 2; height: 15.6pt;">
<td width="400" style="width: 300.15pt; border-top: none; border-left: 1pt solid #1f497d; border-bottom: 1px solid #1f497d; border-right: 1.5pt solid #1f497d; padding: 0cm 5.4pt; height: 15.6pt;">
<p style="margin: 0cm 0cm 0.0001pt; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">Cash and cash equivalents</font></font></p>
</td>
<td width="98" style="width: 73.5pt; border-top: none; border-left: none; border-bottom: 1px solid #1f497d; border-right: 1.5pt solid #1f497d; background: white; padding: 0cm 5.4pt; height: 15.6pt;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-bookmark: _Hlk78390106;"><font lang="EN-US" style="color: #262626;">6,690</font></font><font style="mso-bookmark: _Hlk78390106;"><font lang="EN-US" style="color: #262626;"></font></font></font></p>
</td>
<td width="98" style="width: 73.5pt; border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 15.6pt;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-bookmark: _Hlk78390106;"><font lang="EN-US" style="color: #262626;">8,672</font></font><font style="mso-bookmark: _Hlk78390106;"><font lang="EN-US" style="color: #262626;"></font></font></font></p>
</td>
<td width="98" style="width: 73.5pt; border-top: none; border-left: none; border-bottom: 1px solid #1f497d; border-right: 1pt solid #1f497d; padding: 0cm 5.4pt; height: 15.6pt;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">6,588</font></font></p>
</td>
</tr>
<tr style="mso-yfti-irow: 3; height: 15.6pt;">
<td width="400" style="width: 300.15pt; border-top: none; border-left: 1pt solid #1f497d; border-bottom: 1px solid #1f497d; border-right: 1.5pt solid #1f497d; padding: 0cm 5.4pt; height: 15.6pt;">
<p style="margin: 0cm 0cm 0.0001pt; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">Net debt (ex-IFRS 16)</font></b></font></p>
</td>
<td width="98" style="width: 73.5pt; border-top: none; border-left: none; border-bottom: 1px solid #1f497d; border-right: 1.5pt solid #1f497d; background: white; padding: 0cm 5.4pt; height: 15.6pt;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-bookmark: _Hlk78390106;"><b><font lang="EN-US" style="color: #262626;">(9,929)</font></b></font><font style="mso-bookmark: _Hlk78390106;"><b><font lang="EN-US" style="color: #262626;"></font></b></font></font></p>
</td>
<td width="98" style="width: 73.5pt; border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 15.6pt;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-bookmark: _Hlk78390106;"><b><font lang="EN-US" style="color: #262626;">(8,704)</font></b></font><font style="mso-bookmark: _Hlk78390106;"><b><font lang="EN-US" style="color: #262626;"></font></b></font></font></p>
</td>
<td width="98" style="width: 73.5pt; border-top: none; border-left: none; border-bottom: 1px solid #1f497d; border-right: 1pt solid #1f497d; padding: 0cm 5.4pt; height: 15.6pt;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">(9,821)</font></b></font></p>
</td>
</tr>
<tr style="mso-yfti-irow: 4; height: 15.6pt;">
<td width="400" style="width: 300.15pt; border-top: none; border-left: 1pt solid #1f497d; border-bottom: 1px solid #1f497d; border-right: 1.5pt solid #1f497d; padding: 0cm 5.4pt; height: 15.6pt;">
<p style="margin: 0cm 0cm 0.0001pt; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">Leases payable</font></font></p>
</td>
<td width="98" style="width: 73.5pt; border-top: none; border-left: none; border-bottom: 1px solid #1f497d; border-right: 1.5pt solid #1f497d; background: white; padding: 0cm 5.4pt; height: 15.6pt;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-bookmark: _Hlk78390106;"><font lang="EN-US" style="color: #262626;">(1,762)</font></font><font style="mso-bookmark: _Hlk78390106;"><font lang="EN-US" style="color: #262626;"></font></font></font></p>
</td>
<td width="98" style="width: 73.5pt; border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 15.6pt;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-bookmark: _Hlk78390106;"><font lang="EN-US" style="color: #262626;">(1,833)</font></font><font style="mso-bookmark: _Hlk78390106;"><font lang="EN-US" style="color: #262626;"></font></font></font></p>
</td>
<td width="98" style="width: 73.5pt; border-top: none; border-left: none; border-bottom: 1px solid #1f497d; border-right: 1pt solid #1f497d; padding: 0cm 5.4pt; height: 15.6pt;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">(1,816)</font></font></p>
</td>
</tr>
<tr style="mso-yfti-irow: 5; height: 15.6pt;">
<td width="400" style="width: 300.15pt; border-top: none; border-left: 1pt solid #1f497d; border-bottom: 1px solid #1f497d; border-right: 1.5pt solid #1f497d; padding: 0cm 5.4pt; height: 15.6pt;">
<p style="margin: 0cm 0cm 0.0001pt; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">Net debt</font></b></font></p>
</td>
<td width="98" style="width: 73.5pt; border-top: none; border-left: none; border-bottom: 1px solid #1f497d; border-right: 1.5pt solid #1f497d; background: white; padding: 0cm 5.4pt; height: 15.6pt;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-bookmark: _Hlk78390106;"><b><font lang="EN-US" style="color: #262626;">(11,691)</font></b></font><font style="mso-bookmark: _Hlk78390106;"><b><font lang="EN-US" style="color: #262626;"></font></b></font></font></p>
</td>
<td width="98" style="width: 73.5pt; border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 15.6pt;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-bookmark: _Hlk78390106;"><b><font lang="EN-US" style="color: #262626;">(10,537)</font></b></font><font style="mso-bookmark: _Hlk78390106;"><b><font lang="EN-US" style="color: #262626;"></font></b></font></font></p>
</td>
<td width="98" style="width: 73.5pt; border-top: none; border-left: none; border-bottom: 1px solid #1f497d; border-right: 1pt solid #1f497d; padding: 0cm 5.4pt; height: 15.6pt;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">(11,636)</font></b></font></p>
</td>
</tr>
<tr style="mso-yfti-irow: 6; height: 15.6pt;">
<td width="400" style="width: 300.15pt; border-top: none; border-left: 1pt solid #1f497d; border-bottom: 1px solid #1f497d; border-right: 1.5pt solid #1f497d; padding: 0cm 5.4pt; height: 15.6pt;">
<p style="margin: 0cm 0cm 0.0001pt; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">Net debt/LTM Adjusted EBITDA<font style="font-size: 8pt;"><sup>1</sup></font> (ex-IFRS 16)</font></font></p>
</td>
<td width="98" style="width: 73.5pt; border-top: none; border-left: none; border-bottom: 1px solid #1f497d; border-right: 1.5pt solid #1f497d; background: white; padding: 0cm 5.4pt; height: 15.6pt;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-bookmark: _Hlk78390106;"><font lang="EN-US" style="color: #262626;">2.8x</font></font><font style="mso-bookmark: _Hlk78390106;"><font lang="EN-US" style="color: #262626;"></font></font></font></p>
</td>
<td width="98" style="width: 73.5pt; border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 15.6pt;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-bookmark: _Hlk78390106;"><font lang="EN-US" style="color: #262626;">2.8x</font></font><font style="mso-bookmark: _Hlk78390106;"><font lang="EN-US" style="color: #262626;"></font></font></font></p>
</td>
<td width="98" style="width: 73.5pt; border-top: none; border-left: none; border-bottom: 1px solid #1f497d; border-right: 1pt solid #1f497d; padding: 0cm 5.4pt; height: 15.6pt;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">2.9x</font></font></p>
</td>
</tr>
<tr style="mso-yfti-irow: 7; height: 15.6pt;">
<td width="400" style="width: 300.15pt; border-top: none; border-left: 1pt solid #1f497d; border-bottom: 1px solid #1f497d; border-right: 1.5pt solid #1f497d; padding: 0cm 5.4pt; height: 15.6pt;">
<p style="margin: 0cm 0cm 0.0001pt; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">Net debt/LTM Adjusted EBITDA<font style="font-size: 8pt;"><sup>1</sup></font></font></font></p>
</td>
<td width="98" style="width: 73.5pt; border-top: none; border-left: none; border-bottom: 1px solid #1f497d; border-right: 1.5pt solid #1f497d; background: white; padding: 0cm 5.4pt; height: 15.6pt;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-bookmark: _Hlk78390106;"><font lang="EN-US" style="color: #262626;">2.9x</font></font><font style="mso-bookmark: _Hlk78390106;"><font lang="EN-US" style="color: #262626;"></font></font></font></p>
</td>
<td width="98" style="width: 73.5pt; border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 15.6pt;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-bookmark: _Hlk78390106;"><font lang="EN-US" style="color: #262626;">3.0x</font></font><font style="mso-bookmark: _Hlk78390106;"><font lang="EN-US" style="color: #262626;"></font></font></font></p>
</td>
<td width="98" style="width: 73.5pt; border-top: none; border-left: none; border-bottom: 1px solid #1f497d; border-right: 1pt solid #1f497d; padding: 0cm 5.4pt; height: 15.6pt;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">3.0x</font></font></p>
</td>
</tr>
<tr style="mso-yfti-irow: 8; height: 15.6pt;">
<td width="400" rowspan="2" style="width: 300.15pt; border-top: none; border-left: 1pt solid #1f497d; border-bottom: 1px solid #1f497d; border-right: 1.5pt solid #1f497d; padding: 0cm 5.4pt; height: 15.6pt;">
<p style="margin: 0cm 0cm 0.0001pt; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">Average cost of debt (curve)</font></font></p>
</td>
<td width="98" style="width: 73.5pt; border-top: none; border-left: none; border-bottom: 1px solid #1f497d; border-right: 1.5pt solid #1f497d; background: white; padding: 0cm 5.4pt; height: 15.6pt;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-bookmark: _Hlk78390106;"><font lang="EN-US" style="color: #262626;">97% DI</font></font><font style="mso-bookmark: _Hlk78390106;"><font lang="EN-US" style="color: #262626;"></font></font></font></p>
</td>
<td width="98" style="width: 73.5pt; border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 15.6pt;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-bookmark: _Hlk78390106;"><font lang="EN-US" style="color: #262626;">184% DI</font></font><font style="mso-bookmark: _Hlk78390106;"><font lang="EN-US" style="color: #262626;"></font></font></font></p>
</td>
<td width="98" style="width: 73.5pt; border-top: none; border-left: none; border-bottom: 1px solid #1f497d; border-right: 1pt solid #1f497d; padding: 0cm 5.4pt; height: 15.6pt;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">105% DI</font></font></p>
</td>
</tr>
<tr style="mso-yfti-irow: 9; height: 15.6pt;">
<td width="98" style="width: 73.5pt; border-top: none; border-left: none; border-bottom: 1px solid #1f497d; border-right: 1.5pt solid #1f497d; background: white; padding: 0cm 5.4pt; height: 15.6pt;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-bookmark: _Hlk78390106;"><font lang="EN-US" style="color: #262626;">DI &#8211; 0.2%</font></font><font style="mso-bookmark: _Hlk78390106;"><font lang="EN-US" style="color: #262626;"></font></font></font></p>
</td>
<td width="98" style="width: 73.5pt; border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 15.6pt;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-bookmark: _Hlk78390106;"><font lang="EN-US" style="color: #262626;">DI + 1.6%</font></font><font style="mso-bookmark: _Hlk78390106;"><font lang="EN-US" style="color: #262626;"></font></font></font></p>
</td>
<td width="98" style="width: 73.5pt; border-top: none; border-left: none; border-bottom: 1px solid #1f497d; border-right: 1pt solid #1f497d; padding: 0cm 5.4pt; height: 15.6pt;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">DI + 0.2%</font></font></p>
</td>
</tr>
<tr style="mso-yfti-irow: 10; height: 15.6pt;">
<td width="400" style="width: 300.15pt; border-top: none; border-left: 1pt solid #1f497d; border-bottom: 1px solid #1f497d; border-right: 1.5pt solid #1f497d; padding: 0cm 5.4pt; height: 15.6pt;">
<p style="margin: 0cm 0cm 0.0001pt; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">Average cash yield </font></font></p>
</td>
<td width="98" style="width: 73.5pt; border-top: none; border-left: none; border-bottom: 1px solid #1f497d; border-right: 1.5pt solid #1f497d; background: white; padding: 0cm 5.4pt; height: 15.6pt;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-bookmark: _Hlk78390106;"><font lang="EN-US" style="color: #262626;">81% DI</font></font><font style="mso-bookmark: _Hlk78390106;"><font lang="EN-US" style="color: #262626;"></font></font></font></p>
</td>
<td width="98" style="width: 73.5pt; border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 15.6pt;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-bookmark: _Hlk78390106;"><font lang="EN-US" style="color: #262626;">80% DI</font></font><font style="mso-bookmark: _Hlk78390106;"><font lang="EN-US" style="color: #262626;"></font></font></font></p>
</td>
<td width="98" style="width: 73.5pt; border-top: none; border-left: none; border-bottom: 1px solid #1f497d; border-right: 1pt solid #1f497d; padding: 0cm 5.4pt; height: 15.6pt;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">61% DI</font></font></p>
</td>
</tr>
<tr style="mso-yfti-irow: 11; mso-yfti-lastrow: yes; height: 15.6pt;">
<td width="400" style="width: 300.15pt; border-top: none; border-left: 1pt solid #1f497d; border-bottom: 1px solid #1f497d; border-right: 1.5pt solid #1f497d; padding: 0cm 5.4pt; height: 15.6pt;">
<p style="margin: 0cm 0cm 0.0001pt; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">Average debt duration (years)</font></font></p>
</td>
<td width="98" style="width: 73.5pt; border-top: none; border-left: none; border-bottom: 2px solid #1f497d; border-right: 1.5pt solid #1f497d; background: white; padding: 0cm 5.4pt; height: 15.6pt;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-bookmark: _Hlk78390106;"><font lang="EN-US" style="color: #262626;">4.6</font></font><font style="mso-bookmark: _Hlk78390106;"><font lang="EN-US" style="color: #262626;"></font></font></font></p>
</td>
<td width="98" style="width: 73.5pt; border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm 5.4pt; height: 15.6pt;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-bookmark: _Hlk78390106;"><font lang="EN-US" style="color: #262626;">4.6</font></font><font style="mso-bookmark: _Hlk78390106;"><font lang="EN-US" style="color: #262626;"></font></font></font></p>
</td>
<td width="98" style="width: 73.5pt; border-top: none; border-left: none; border-bottom: 1px solid #1f497d; border-right: 1pt solid #1f497d; padding: 0cm 5.4pt; height: 15.6pt;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">4.9</font></font></p>
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<p style="margin: 0pt;"><font style="font-size: 8pt; font-family: 'times new roman', times;"><font style="font-style: italic;"><sup>1</sup> LTM Adjusted EBITDA does not include Extrafarma's impairment of R$ 428 million (R$ 395 million </font><font style="font-style: italic;">re</font><font style="font-style: italic;">gistere</font><font style="font-style: italic;">d </font><font style="font-style: italic;">in 2Q21</font><font style="font-style: italic;"> and </font><font style="font-style: italic;">R$ 33 million in 4Q21) for</font><font style="font-style: italic;"> </font><font style="font-style: italic;">3Q21 and 4Q21 and capital gain </font><font style="font-style: italic;">from the</font><font style="font-style: italic;"> sale of ConectCar </font><font style="font-style: italic;">of</font><font style="font-style: italic;"> R$ 76 million in 4Q21</font></font></p>
<p style="margin: 0pt;"><br></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Ultrapar ended 4Q21 with net financial debt totaling R$ 9.9 billion, composed of gross indebtedness of R$ 16.6 billion, and cash position of R$ 6.7 billion. Considering the leases payable (IFRS 16) of R$ 1.8 billion, the total net debt was R$ 11.7 billion (2.9x LTM Adjusted EBITDA), practically stable compared to R$ 11.6 billion on September 30, 2021 (3.0x LTM Adjusted EBITDA). The reduction of the financial leverage results from the higher level of LTM Adjusted EBITDA excluding Extrafarma's impairments and capital gain from the sale of ConectCar. </font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><br></font></p>
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times;"><font style="color: #051273; font-size: 11pt; font-weight: bold;">Maturity profile and debt breakdown</font><font style="color: #051273; font-size: 11pt; font-weight: bold;">:</font><font style="color: #051273; font-size: 11pt;"> </font></font></p>
<p style="margin: 0pt; text-align: center;"><br></p>
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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>182</font></font></td>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
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<td style="width: 50%; height: 106px; vertical-align: bottom; padding: 0px 0px 10px;" valign="bottom">
<p style="margin: 0cm 0cm 0.0001pt; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font lang="PT-BR" style="font-size: 14pt; font-family: 'times new roman', times; color: #051272;">4<sup>th</sup> QUARTER OF 2021</font></p>
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<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: right;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><img src="imgf2017895b99f459581b2.jpg" alt="Image1"></font></p>
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<p style="line-height: 14pt; margin: 0pt 0pt 6pt;"><font style="color: #051273; font-family: 'times new roman', times; font-size: 12pt; font-weight: bold;">Updates on ESG themes</font></p>
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<p style="margin: 6pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">In December 2021, the <font style="font-weight: bold;">Ultra Group</font> adhered to the <font style="font-weight: bold;">UN Global Compact</font> to reinforce the Company's commitment to developing actions that contribute to implement and monitor the Sustainable Development Goals (SDGs), such as human rights, labor, environment and anti-corruption actions, a recognition of Ultragaz, Ipiranga and Oxiteno's work as they were already affiliated to the program. Additionally, to support the families that were victims of heavy rains in the Southern region of Bahia at the end of 2021 and beginning of 2022, <font style="font-weight: bold;">Ultragaz, Oxiteno, Ultracargo and Ipiranga</font> joined forces with Liga do Bem Institute and <font style="font-weight: bold;">donated more than 8 thousand basic food baskets</font> to Cama&#231;ari (state of Bahia) and Itabuna (state of Bahia), helping the affected districts in which the Group's operating bases are located in. Besides that, <font style="font-weight: bold;">Ipiranga</font> delivered more than <font style="font-weight: bold;">10 thousand liters of drinking water</font> to the city of Itabuna (state of Bahia). </font></p>
<p style="margin: 6pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">In November, <font style="font-weight: bold;">Ultragaz</font> was one of the sponsors of the <font style="font-weight: bold;">Rede Mulher Empreendedora </font><font style="font-weight: bold;">Forum </font><font style="font-weight: bold;">(RME)</font> - &#8220;Women and entrepreneurship: Building a better future&#8221;, an event with lectures, mentorship and content that reached about 100 thousand people. Ultragaz also developed a <font style="font-weight: bold;">project in Rio de Janeiro in partnership with the Asplande NGO</font> about the Domestic Violence theme and, jointly with Alavanca Institute and FIA (Funda&#231;&#227;o Instituto de Administra&#231;&#227;o), Ultragaz also offered <font style="font-weight: bold;">thematic workshops</font> to women living in S&#227;o Remo (state of S&#227;o Paulo) community. Ultragaz also undertook some social and environmental actions in the surrounding areas of the new bases in Bel&#233;m (state of Bahia) and Fortaleza (state of Cear&#225;), such as the <font style="font-weight: bold;">women empowerment project with RME</font>, the <font style="font-weight: bold;">"What Body is This?" Educational Campaign</font> in partnership with Childhood Brasil, Unicef and Futura TV Channel and the <font style="font-weight: bold;">Ultragaz Reduz Campaign</font> to invite people to practice actions that contribute to the planet's sustainability.</font></p>
<p style="margin: 6pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold;">Ultracargo</font> finished developing the <font style="font-weight: bold;">Strategic Sustainability Plan</font> with specific goals. Concerning ecoefficient operations, Ultracargo <font style="font-weight: bold;">acquired RECs</font>, renewable energy certificates proving the renewable origin of all electric energy consumed in its operations. Ultracargo also started a <font style="font-weight: bold;">compliance and anti-corruption training</font> for suppliers acting as its external representatives and joined forces with Ayrton Senna Institute in the <font style="font-weight: bold;">Socio-Emotional Dialogues project</font> in S&#227;o Lu&#237;s (state of Maranh&#227;o) which will reach more than 10 thousand children from the 6th to the 9th grades in municipal public schools in 2022. The company has renewed the support to the <font style="font-weight: bold;">On the right </font><font style="font-weight: bold;">hand</font><font style="font-weight: bold;"> program</font> to prevent the sexual exploitation of children and teenagers in Brazilian highways, to the A Tribuna de Santos (state of S&#227;o Paulo) newspaper's <font style="font-weight: bold;">Community in Action award</font> that recognizes social projects in the area, and to <font style="font-weight: bold;">Citizenship Center</font>, an initiative from Cama&#231;ari Industrial Center Fostering Committee to provide free health services to the citizens of Cama&#231;ari (state of Bahia) and Dias D'&#193;vila (state of Bahia).</font></p>
<p style="margin: 6pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold;">Oxiteno</font> achieved a higher&nbsp;<font style="font-weight: bold;">CDP</font> score in the 2021 Climate Change questionnaire, going from C to B, and maintained B score in Water Security and C for Forests &#8211; Palm Oil. 88% of Oxiteno's suppliers were evaluated by the <font style="font-weight: bold;">EcoVadis platform</font> by the end of the year, and those achieving scores lower than 45 points already have an action plan to be implemented. Oxiteno also showed support for the <font style="font-weight: bold;">SDG: I Practice</font> campaign, an initiative from the UN Global Compact&#8217;s Brazil Network to make the SDGs reach more people through internal and external advertising prepared by the body. Oxiteno also took part in <font style="font-weight: bold;">ABIQUIM's 6th Seminar of Technology and Innovation</font> to discuss technological development opportunities in Brazil, highlighting the importance of the chemical sector to provide sustainable development solutions to the whole society. In a partnership with its client AkzoNobel, Oxiteno developed the <font style="font-weight: bold;">Going back to school</font> project, which involved volunteer actions in schools located in Mau&#225; (state of S&#227;o Paulo), such as donation of basic food baskets to the families of students facing a higher vulnerable situation, revitalization of the institutions&#8217; infrastructure and donation of hygiene items to promote the safe return of the students to on-site classes. Oxiteno was also awarded for the second consecutive year with the <font style="font-weight: bold;">Seal of Ethnic-Racial Diversity</font>, granted by the city hall of Salvador. Concerning health and safety, Oxiteno transitioned to <font style="font-weight: bold;">ISO 45001</font>, an international standard for the Management Systems of Occupational Health and Safety.</font></p>
<p style="margin: 6pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">In November, <font style="font-weight: bold;">Ipiranga</font> was awarded first place for its organizational case in the 41st <font style="font-weight: bold;">Being Human award</font> of the Brazilian Association of Human Resources &#8211; Rio de Janeiro. The initiative that made the company win the award was the <font style="font-weight: bold;">Women Speed</font>, a program aimed to accelerate the women leadership pipeline that involved 30 women and 16 mentors, with 33% of those women being promoted during the nine months the program took place. Concerning the relationship with the community, Ipiranga celebrated <font style="font-weight: bold;">Children's Day</font> through letters and giving gifts to children of ages 10 to 12 helped by NGOs in Rio de Janeiro and S&#227;o Paulo. In December 2021, Ipiranga started the <font style="font-weight: bold;">Ajud&#244; project</font>, the first social project related to the sports incentive law to have the company involved not only in name but also in funds. Three centers were developed in Minas Gerais for more than 300 children and youth facing social vulnerability to practice judo. </font></p>
<p style="margin: 6pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">During the quarter, <font style="font-weight: bold;">Extrafarma</font> released campaigns to <font style="font-weight: bold;">collect food and hygiene items</font> in its stores to donate to partner institutions, amounting to about 20 thousand hygiene items donated by customers and employees and more than 2 thousand tons of collected food.</font></p>
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<p style="margin: 0cm 0cm 0.0001pt; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font lang="PT-BR" style="font-size: 14pt; font-family: 'times new roman', times; color: #051272;">4<sup>th</sup> QUARTER OF 2021</font></p>
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<p style="line-height: 14pt; margin: 0pt 0pt 6pt;"><font style="color: #051273; font-family: 'times new roman', times; font-size: 12pt; font-weight: bold;">Capital markets</font></p>
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<p style="margin: 6pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar&#8217;s combined average daily financial volume on B3 and NYSE totaled R$ 141 million/day in 4Q21 (-14%). Ultrapar&#8217;s shares ended the quarter quoted at R$ 14.54 on B3, a depreciation of 1% in the quarter, while the Ibovespa stock index fell by 6%. In NYSE, Ultrapar&#8217;s shares decreased 2% in 4Q21, while the Dow Jones stock index appreciated 7%. Ultrapar ended 4Q21 with a market cap of R$ 16 billion.</font></p>
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<td width="37%" nowrap="nowrap" style="width: 37.54%; border-width: 1pt 1pt 1px 1pt; border-style: solid solid none; background: white; padding: 0.75pt 0.75pt 0cm; height: 27px; border-color: #1f497d #1f497d initial #1f497d; border-right: 1.5pt solid #1f497d; border-top: 1pt solid #1f497d; border-left: 1pt solid #1f497d;">
<p style="margin: 0cm 0cm 0.0001pt; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">&nbsp;Capital markets</font></b></font></p>
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<td width="11%" nowrap="nowrap" style="width: 11.36%; border-top: 1.5pt solid #1f497d; border-left: 1.5pt solid #1f497d; border-bottom: 1px solid #1f497d; border-right: 1.5pt solid #1f497d; background: white; padding: 0.75pt 0.75pt 0cm; height: 27px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">4Q21</font></b><b><font lang="EN-US" style="color: #262626;"></font></b></font></p>
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<td width="12%" nowrap="nowrap" style="width: 12.24%; border-top: 1pt solid #1f497d; border-left: none; border-bottom: 1px solid #1f497d; border-right: none; background: white; padding: 0.75pt 0.75pt 0cm; height: 27px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">4Q20</font></b><b><font lang="EN-US" style="color: #262626;"></font></b></font></p>
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<td width="12%" style="width: 12.52%; border-top: 1pt solid #1f497d; border-left: none; border-bottom: 1px solid #1f497d; border-right: none; background: white; padding: 0cm; height: 27px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">3Q21</font></b></font></p>
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<td width="11%" style="width: 11.12%; border-top: 1pt solid #1f497d; border-left: none; border-bottom: 1px solid #1f497d; border-right: none; background: white; padding: 0cm; height: 27px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">2021</font></b><b><font lang="EN-US" style="color: #262626;"></font></b></font></p>
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<td width="15%" nowrap="nowrap" style="width: 15.22%; border-width: 1pt 0pt 1px; border-style: solid; border-color: #1f497d; border-image: initial; background: white; padding: 0.75pt 0.75pt 0cm; height: 27px; border-right: 1pt solid #1f497d;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">2020</font></b><b><font lang="EN-US" style="color: #262626;"></font></b></font></p>
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<td width="37%" nowrap="nowrap" valign="bottom" style="width: 37.54%; border-width: 1pt 1pt 1px; border-style: solid; border-color: #1f497d; border-image: initial; background: white; padding: 0.75pt 0.75pt 0cm; height: 14px;">
<p style="margin: 0cm 0cm 10pt; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">Number of shares (000) </font></b></font></p>
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<td width="11%" nowrap="nowrap" style="width: 11.36%; border-top: none; border-left: 1.5pt solid #1f497d; border-bottom: 1px solid #1f497d; border-right: 1.5pt solid #1f497d; background: white; padding: 0.75pt 0.75pt 0cm; height: 14px;">
<p align="center" style="text-align: center; margin: 0cm 0cm 10pt; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-bookmark: _Hlk86073969;"><b><font lang="EN-US" style="color: #262626;">1,115,108</font></b></font><font style="mso-bookmark: _Hlk86073969;"><b><font lang="EN-US" style="color: #262626;"></font></b></font></font></p>
</td>
<td width="12%" nowrap="nowrap" style="width: 12.24%; border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0.75pt 0.75pt 0cm; height: 14px;">
<p align="center" style="text-align: center; margin: 0cm 0cm 10pt; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-bookmark: _Hlk86073969;"><b><font lang="EN-US" style="color: #262626;">1,115,006</font></b></font><font style="mso-bookmark: _Hlk86073969;"><b><font lang="EN-US" style="color: #262626;"></font></b></font></font></p>
</td>
<td width="12%" style="width: 12.52%; border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm; height: 14px;">
<p align="center" style="text-align: center; margin: 0cm 0cm 10pt; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-bookmark: _Hlk86073969;"><b><font lang="EN-US" style="color: #262626;">1,115,108</font></b></font><font style="mso-bookmark: _Hlk86073969;"><b><font lang="EN-US" style="color: #262626;"></font></b></font></font></p>
</td>
<td width="11%" style="width: 11.12%; border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm; height: 14px;">
<p align="center" style="text-align: center; margin: 0cm 0cm 10pt; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-bookmark: _Hlk86073969;"><b><font lang="EN-US" style="color: #262626;">1,115,108</font></b></font><font style="mso-bookmark: _Hlk86073969;"><b><font lang="EN-US" style="color: #262626;"></font></b></font></font></p>
</td>
<td width="15%" nowrap="nowrap" style="width: 15.22%; border-top: none; border-left: none; border-bottom: 1px solid #1f497d; border-right: 1pt solid #1f497d; padding: 0.75pt 0.75pt 0cm; height: 14px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">1,115,006</font></b></font></p>
</td>
</tr>
<tr style="height: 10px;">
<td width="37%" nowrap="nowrap" valign="bottom" style="width: 37.54%; border-top: none; border-left: 1pt solid #1f497d; border-bottom: 1px solid #1f497d; border-right: 1.5pt solid #1f497d; background: white; padding: 0.75pt 0.75pt 0cm; height: 10px;">
<p style="margin: 0cm 0cm 10pt; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">Market capitalization<font style="font-size: 8pt;"><sup>1</sup></font>&nbsp;(R$ million)</font></b></font></p>
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<td width="11%" nowrap="nowrap" style="width: 11.36%; border-top: none; border-left: none; border-bottom: 1px solid #1f497d; border-right: 1.5pt solid #1f497d; background: white; padding: 0.75pt 0.75pt 0cm; height: 10px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">16,214</font></b></font></p>
</td>
<td width="12%" nowrap="nowrap" style="width: 12.24%; border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0.75pt 0.75pt 0cm; height: 10px;">
<p align="center" style="text-align: center; margin: 0cm 0cm 10pt; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">26,470</font></b></font></p>
</td>
<td width="12%" style="width: 12.52%; border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm; height: 10px;">
<p align="center" style="text-align: center; margin: 0cm 0cm 10pt; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">16,437</font></b></font></p>
</td>
<td width="11%" style="width: 11.12%; border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm; height: 10px;">
<p align="center" style="text-align: center; margin: 0cm 0cm 10pt; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">16,214</font></b></font></p>
</td>
<td width="15%" nowrap="nowrap" style="width: 15.22%; border-top: none; border-left: none; border-bottom: 1px solid #1f497d; border-right: 1pt solid #1f497d; padding: 0.75pt 0.75pt 0cm; height: 10px;">
<p align="center" style="text-align: center; margin: 0cm 0cm 10pt; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">26,470</font></b></font></p>
</td>
</tr>
<tr style="height: 10px;">
<td width="37%" nowrap="nowrap" valign="bottom" style="width: 37.54%; border-top: none; border-left: 1pt solid #1f497d; border-bottom: 1px solid #1f497d; border-right: 1.5pt solid #1f497d; background: #f2f2f2; padding: 0.75pt 0.75pt 0cm; height: 10px;">
<p style="margin: 0cm 0cm 10pt; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">B3</font></b></font></p>
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<td width="11%" nowrap="nowrap" style="width: 11.36%; border-top: none; border-left: none; border-bottom: 1px solid #1f497d; border-right: 1.5pt solid #1f497d; background: #f2f2f2; padding: 0.75pt 0.75pt 0cm; height: 10px;"></td>
<td width="12%" nowrap="nowrap" style="width: 12.24%; border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; background: #f2f2f2; padding: 0.75pt 0.75pt 0cm; height: 10px;"></td>
<td width="12%" style="width: 12.52%; border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; background: #f2f2f2; padding: 0cm; height: 10px;">
<p align="center" style="text-align: center; margin: 0cm 0cm 10pt; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;">&nbsp;</font></font></p>
</td>
<td width="11%" style="width: 11.12%; border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; background: #f2f2f2; padding: 0cm; height: 10px;">
<p align="center" style="text-align: center; margin: 0cm 0cm 10pt; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;">&nbsp;</font></font></p>
</td>
<td width="15%" nowrap="nowrap" style="width: 15.22%; border-top: none; border-left: none; border-bottom: 1px solid #1f497d; border-right: 1pt solid #1f497d; background: #f2f2f2; padding: 0.75pt 0.75pt 0cm; height: 10px;"></td>
</tr>
<tr style="height: 10px;">
<td width="37%" nowrap="nowrap" valign="bottom" style="width: 37.54%; border-top: none; border-left: 1pt solid #1f497d; border-bottom: 1px solid #1f497d; border-right: 1.5pt solid #1f497d; background: white; padding: 0.75pt 0.75pt 0cm; height: 10px;">
<p style="margin: 0cm 0cm 10pt; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">Average daily trading volume (000 shares)</font></font></p>
</td>
<td width="11%" nowrap="nowrap" style="width: 11.36%; border-top: none; border-left: none; border-bottom: 1px solid #1f497d; border-right: 1.5pt solid #1f497d; background: white; padding: 0.75pt 0.75pt 0cm; height: 10px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">8,425</font></font></p>
</td>
<td width="12%" nowrap="nowrap" style="width: 12.24%; border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0.75pt 0.75pt 0cm; height: 10px;">
<p align="center" style="text-align: center; margin: 0cm 0cm 10pt; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">6,940</font></font></p>
</td>
<td width="12%" style="width: 12.52%; border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm; height: 10px;">
<p align="center" style="text-align: center; margin: 0cm 0cm 10pt; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">8,210</font></font></p>
</td>
<td width="11%" style="width: 11.12%; border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm; height: 10px;">
<p align="center" style="text-align: center; margin: 0cm 0cm 10pt; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">7,295</font></font></p>
</td>
<td width="15%" nowrap="nowrap" style="width: 15.22%; border-top: none; border-left: none; border-bottom: 1px solid #1f497d; border-right: 1pt solid #1f497d; padding: 0.75pt 0.75pt 0cm; height: 10px;">
<p align="center" style="text-align: center; margin: 0cm 0cm 10pt; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">8,339</font></font></p>
</td>
</tr>
<tr style="height: 14px;">
<td width="37%" nowrap="nowrap" valign="bottom" style="width: 37.54%; border-top: none; border-left: 1pt solid #1f497d; border-bottom: 1px solid #1f497d; border-right: 1.5pt solid #1f497d; background: white; padding: 0.75pt 0.75pt 0cm; height: 14px;">
<p style="margin: 0cm 0cm 10pt; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">Average daily financial volume (R$ 000)</font></font></p>
</td>
<td width="11%" nowrap="nowrap" style="width: 11.36%; border-top: none; border-left: none; border-bottom: 1px solid #1f497d; border-right: 1.5pt solid #1f497d; background: white; padding: 0.75pt 0.75pt 0cm; height: 14px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">119,084</font></font></p>
</td>
<td width="12%" nowrap="nowrap" style="width: 12.24%; border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0.75pt 0.75pt 0cm; height: 14px;">
<p align="center" style="text-align: center; margin: 0cm 0cm 10pt; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">140,381</font></font></p>
</td>
<td width="12%" style="width: 12.52%; border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm; height: 14px;">
<p align="center" style="text-align: center; margin: 0cm 0cm 10pt; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">133,350</font></font></p>
</td>
<td width="11%" style="width: 11.12%; border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm; height: 14px;">
<p align="center" style="text-align: center; margin: 0cm 0cm 10pt; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">128,486</font></font></p>
</td>
<td width="15%" nowrap="nowrap" style="width: 15.22%; border-top: none; border-left: none; border-bottom: 1px solid #1f497d; border-right: 1pt solid #1f497d; padding: 0.75pt 0.75pt 0cm; height: 14px;">
<p align="center" style="text-align: center; margin: 0cm 0cm 10pt; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">153,880</font></font></p>
</td>
</tr>
<tr style="height: 14px;">
<td width="37%" nowrap="nowrap" valign="bottom" style="width: 37.54%; border-top: none; border-left: 1pt solid #1f497d; border-bottom: 1px solid #1f497d; border-right: 1.5pt solid #1f497d; background: white; padding: 0.75pt 0.75pt 0cm; height: 14px;">
<p style="margin: 0cm 0cm 10pt; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">Average share price (R$/share)</font></font></p>
</td>
<td width="11%" nowrap="nowrap" style="width: 11.36%; border-top: none; border-left: none; border-bottom: 1px solid #1f497d; border-right: 1.5pt solid #1f497d; background: white; padding: 0.75pt 0.75pt 0cm; height: 14px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">14.13</font></font></p>
</td>
<td width="12%" nowrap="nowrap" style="width: 12.24%; border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0.75pt 0.75pt 0cm; height: 14px;">
<p align="center" style="text-align: center; margin: 0cm 0cm 10pt; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">20.23</font></font></p>
</td>
<td width="12%" style="width: 12.52%; border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm; height: 14px;">
<p align="center" style="text-align: center; margin: 0cm 0cm 10pt; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">16.24</font></font></p>
</td>
<td width="11%" style="width: 11.12%; border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm; height: 14px;">
<p align="center" style="text-align: center; margin: 0cm 0cm 10pt; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">17.61</font></font></p>
</td>
<td width="15%" nowrap="nowrap" style="width: 15.22%; border-top: none; border-left: none; border-bottom: 1px solid #1f497d; border-right: 1pt solid #1f497d; padding: 0.75pt 0.75pt 0cm; height: 14px;">
<p align="center" style="text-align: center; margin: 0cm 0cm 10pt; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">18.45</font></font></p>
</td>
</tr>
<tr style="height: 14px;">
<td width="37%" nowrap="nowrap" valign="bottom" style="width: 37.54%; border-top: none; border-left: 1pt solid #1f497d; border-bottom: 1px solid #1f497d; border-right: 1.5pt solid #1f497d; background: #f2f2f2; padding: 0.75pt 0.75pt 0cm; height: 14px;">
<p style="margin: 0cm 0cm 10pt; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">NYSE<font style="background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"></font></font></b></font></p>
</td>
<td width="11%" nowrap="nowrap" style="width: 11.36%; border-top: none; border-left: none; border-bottom: 1px solid #1f497d; border-right: 1.5pt solid #1f497d; background: #f2f2f2; padding: 0.75pt 0.75pt 0cm; height: 14px;"></td>
<td width="12%" nowrap="nowrap" style="width: 12.24%; border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; background: #f2f2f2; padding: 0.75pt 0.75pt 0cm; height: 14px;"></td>
<td width="12%" style="width: 12.52%; border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; background: #f2f2f2; padding: 0cm; height: 14px;">
<p align="center" style="text-align: center; margin: 0cm 0cm 10pt; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;">&nbsp;</font></font></p>
</td>
<td width="11%" style="width: 11.12%; border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; background: #f2f2f2; padding: 0cm; height: 14px;">
<p align="center" style="text-align: center; margin: 0cm 0cm 10pt; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;">&nbsp;</font></font></p>
</td>
<td width="15%" nowrap="nowrap" style="width: 15.22%; border-top: none; border-left: none; border-bottom: 1px solid #1f497d; border-right: 1pt solid #1f497d; background: #f2f2f2; padding: 0.75pt 0.75pt 0cm; height: 14px;"></td>
</tr>
<tr style="height: 14px;">
<td width="37%" nowrap="nowrap" valign="bottom" style="width: 37.54%; border-top: none; border-left: 1pt solid #1f497d; border-bottom: 1px solid #1f497d; border-right: 1.5pt solid #1f497d; background: white; padding: 0.75pt 0.75pt 0cm; height: 14px;">
<p style="margin: 0cm 0cm 10pt; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">Quantity of ADRs<font style="font-size: 8pt;"><sup>2</sup></font>&nbsp;(000 ADRs)</font></font></p>
</td>
<td width="11%" nowrap="nowrap" style="width: 11.36%; border-top: none; border-left: none; border-bottom: 1px solid #1f497d; border-right: 1.5pt solid #1f497d; background: white; padding: 0.75pt 0.75pt 0cm; height: 14px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">50,374</font></font></p>
</td>
<td width="12%" nowrap="nowrap" style="width: 12.24%; border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0.75pt 0.75pt 0cm; height: 14px;">
<p align="center" style="text-align: center; margin: 0cm 0cm 10pt; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">47,413</font></font></p>
</td>
<td width="12%" style="width: 12.52%; border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm; height: 14px;">
<p align="center" style="text-align: center; margin: 0cm 0cm 10pt; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">50,374</font></font></p>
</td>
<td width="11%" style="width: 11.12%; border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm; height: 14px;">
<p align="center" style="text-align: center; margin: 0cm 0cm 10pt; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">50,374</font></font></p>
</td>
<td width="15%" nowrap="nowrap" style="width: 15.22%; border-top: none; border-left: none; border-bottom: 1px solid #1f497d; border-right: 1pt solid #1f497d; padding: 0.75pt 0.75pt 0cm; height: 14px;">
<p align="center" style="text-align: center; margin: 0cm 0cm 10pt; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">47,413</font></font></p>
</td>
</tr>
<tr style="height: 14px;">
<td width="37%" nowrap="nowrap" valign="bottom" style="width: 37.54%; border-top: none; border-left: 1pt solid #1f497d; border-bottom: 1px solid #1f497d; border-right: 1.5pt solid #1f497d; background: white; padding: 0.75pt 0.75pt 0cm; height: 14px;">
<p style="margin: 0cm 0cm 10pt; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">Average daily trading volume (000 ADRs)</font></font></p>
</td>
<td width="11%" nowrap="nowrap" style="width: 11.36%; border-top: none; border-left: none; border-bottom: 1px solid #1f497d; border-right: 1.5pt solid #1f497d; background: white; padding: 0.75pt 0.75pt 0cm; height: 14px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">1,526</font></font></p>
</td>
<td width="12%" nowrap="nowrap" style="width: 12.24%; border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0.75pt 0.75pt 0cm; height: 14px;">
<p align="center" style="text-align: center; margin: 0cm 0cm 10pt; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">1,136</font></font></p>
</td>
<td width="12%" style="width: 12.52%; border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm; height: 14px;">
<p align="center" style="text-align: center; margin: 0cm 0cm 10pt; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">1,205</font></font></p>
</td>
<td width="11%" style="width: 11.12%; border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm; height: 14px;">
<p align="center" style="text-align: center; margin: 0cm 0cm 10pt; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">1,634</font></font></p>
</td>
<td width="15%" nowrap="nowrap" style="width: 15.22%; border-top: none; border-left: none; border-bottom: 1px solid #1f497d; border-right: 1pt solid #1f497d; padding: 0.75pt 0.75pt 0cm; height: 14px;">
<p align="center" style="text-align: center; margin: 0cm 0cm 10pt; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">1,352</font></font></p>
</td>
</tr>
<tr style="height: 14px;">
<td width="37%" nowrap="nowrap" valign="bottom" style="width: 37.54%; border-top: none; border-left: 1pt solid #1f497d; border-bottom: 1px solid #1f497d; border-right: 1.5pt solid #1f497d; background: white; padding: 0.75pt 0.75pt 0cm; height: 14px;">
<p style="margin: 0cm 0cm 10pt; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">Average daily financial volume (US$ 000)</font></font></p>
</td>
<td width="11%" nowrap="nowrap" style="width: 11.36%; border-top: none; border-left: none; border-bottom: 1px solid #1f497d; border-right: 1.5pt solid #1f497d; background: white; padding: 0.75pt 0.75pt 0cm; height: 14px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">3,850</font></font></p>
</td>
<td width="12%" nowrap="nowrap" style="width: 12.24%; border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0.75pt 0.75pt 0cm; height: 14px;">
<p align="center" style="text-align: center; margin: 0cm 0cm 10pt; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">4,390</font></font></p>
</td>
<td width="12%" style="width: 12.52%; border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm; height: 14px;">
<p align="center" style="text-align: center; margin: 0cm 0cm 10pt; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">3,744</font></font></p>
</td>
<td width="11%" style="width: 11.12%; border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm; height: 14px;">
<p align="center" style="text-align: center; margin: 0cm 0cm 10pt; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">5,562</font></font></p>
</td>
<td width="15%" nowrap="nowrap" style="width: 15.22%; border-top: none; border-left: none; border-bottom: 1px solid #1f497d; border-right: 1pt solid #1f497d; padding: 0.75pt 0.75pt 0cm; height: 14px;">
<p align="center" style="text-align: center; margin: 0cm 0cm 10pt; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">5,239</font></font></p>
</td>
</tr>
<tr style="height: 14px;">
<td width="37%" nowrap="nowrap" valign="bottom" style="width: 37.54%; border-top: none; border-left: 1pt solid #1f497d; border-bottom: 1px solid #1f497d; border-right: 1.5pt solid #1f497d; background: white; padding: 0.75pt 0.75pt 0cm; height: 14px;">
<p style="margin: 0cm 0cm 10pt; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">Average share price (US$/ADRs)</font></font></p>
</td>
<td width="11%" nowrap="nowrap" style="width: 11.36%; border-top: none; border-left: none; border-bottom: 1px solid #1f497d; border-right: 1.5pt solid #1f497d; background: white; padding: 0.75pt 0.75pt 0cm; height: 14px;">
<p align="center" style="text-align: center; margin: 0cm 0cm 10pt; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">2.52</font></font></p>
</td>
<td width="12%" nowrap="nowrap" style="width: 12.24%; border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0.75pt 0.75pt 0cm; height: 14px;">
<p align="center" style="text-align: center; margin: 0cm 0cm 10pt; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">3.86</font></font></p>
</td>
<td width="12%" style="width: 12.52%; border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm; height: 14px;">
<p align="center" style="text-align: center; margin: 0cm 0cm 10pt; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">3.11</font></font></p>
</td>
<td width="11%" style="width: 11.12%; border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm; height: 14px;">
<p align="center" style="text-align: center; margin: 0cm 0cm 10pt; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">3.40</font></font></p>
</td>
<td width="15%" nowrap="nowrap" style="width: 15.22%; border-top: none; border-left: none; border-bottom: 1px solid #1f497d; border-right: 1pt solid #1f497d; padding: 0.75pt 0.75pt 0cm; height: 14px;">
<p align="center" style="text-align: center; margin: 0cm 0cm 10pt; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">3.88</font></font></p>
</td>
</tr>
<tr style="height: 14px;">
<td width="37%" nowrap="nowrap" valign="bottom" style="width: 37.54%; border-top: none; border-left: 1pt solid #1f497d; border-bottom: 1px solid #1f497d; border-right: 1.5pt solid #1f497d; background: #f2f2f2; padding: 0.75pt 0.75pt 0cm; height: 14px;">
<p style="margin: 0cm 0cm 10pt; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="EN-US" style="color: #262626;">Total<font style="background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"></font></font></b></font></p>
</td>
<td width="11%" nowrap="nowrap" style="width: 11.36%; border-top: none; border-left: none; border-bottom: 1px solid #1f497d; border-right: 1.5pt solid #1f497d; background: #f2f2f2; padding: 0.75pt 0.75pt 0cm; height: 14px;"></td>
<td width="12%" nowrap="nowrap" style="width: 12.24%; border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; background: #f2f2f2; padding: 0.75pt 0.75pt 0cm; height: 14px;"></td>
<td width="12%" style="width: 12.52%; border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; background: #f2f2f2; padding: 0cm; height: 14px;">
<p style="margin: 0cm 0cm 10pt; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;">&nbsp;</font></font></p>
</td>
<td width="11%" style="width: 11.12%; border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; background: #f2f2f2; padding: 0cm; height: 14px;">
<p align="center" style="text-align: center; margin: 0cm 0cm 10pt; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;">&nbsp;</font></font></p>
</td>
<td width="15%" nowrap="nowrap" style="width: 15.22%; border-top: none; border-left: none; border-bottom: 1px solid #1f497d; border-right: 1pt solid #1f497d; background: #f2f2f2; padding: 0.75pt 0.75pt 0cm; height: 14px;"></td>
</tr>
<tr style="height: 14px;">
<td width="37%" nowrap="nowrap" valign="bottom" style="width: 37.54%; border-top: none; border-left: 1pt solid #1f497d; border-bottom: 1px solid #1f497d; border-right: 1.5pt solid #1f497d; background: white; padding: 0.75pt 0.75pt 0cm; height: 14px;">
<p style="margin: 0cm 0cm 10pt; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">Average daily trading volume (000 shares)<font style="background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"></font></font></font></p>
</td>
<td width="11%" nowrap="nowrap" style="width: 11.36%; border-top: none; border-left: none; border-bottom: 1px solid #1f497d; border-right: 1.5pt solid #1f497d; background: white; padding: 0.75pt 0.75pt 0cm; height: 14px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">9,951</font></font></p>
</td>
<td width="12%" nowrap="nowrap" style="width: 12.24%; border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0.75pt 0.75pt 0cm; height: 14px;">
<p align="center" style="text-align: center; margin: 0cm 0cm 10pt; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">8,076</font></font></p>
</td>
<td width="12%" style="width: 12.52%; border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm; height: 14px;">
<p align="center" style="text-align: center; margin: 0cm 0cm 10pt; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">9,415</font></font></p>
</td>
<td width="11%" style="width: 11.12%; border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; padding: 0cm; height: 14px;">
<p align="center" style="text-align: center; margin: 0cm 0cm 10pt; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">8,928</font></font></p>
</td>
<td width="15%" nowrap="nowrap" style="width: 15.22%; border-top: none; border-left: none; border-bottom: 1px solid #1f497d; border-right: 1pt solid #1f497d; padding: 0.75pt 0.75pt 0cm; height: 14px;">
<p align="center" style="text-align: center; margin: 0cm 0cm 10pt; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">9,691</font></font></p>
</td>
</tr>
<tr style="height: 14px;">
<td width="37%" nowrap="nowrap" valign="bottom" style="width: 37.54%; border-top: none; border-left: 1pt solid #1f497d; border-bottom: 1px solid #1f497d; border-right: 1.5pt solid #1f497d; background: white; padding: 0.75pt 0.75pt 0cm; height: 14px;">
<p style="margin: 0cm 0cm 10pt; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">Average daily financial volume (R$ 000)<font style="background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"></font></font></font></p>
</td>
<td width="11%" nowrap="nowrap" style="width: 11.36%; border-top: none; border-left: none; border-bottom: 2px solid #1f497d; border-right: 1.5pt solid #1f497d; background: white; padding: 0.75pt 0.75pt 0cm; height: 14px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">140,623</font></font></p>
</td>
<td width="12%" nowrap="nowrap" style="width: 12.24%; border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; background: white; padding: 0.75pt 0.75pt 0cm; height: 14px;">
<p align="center" style="text-align: center; margin: 0cm 0cm 10pt; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">163,786</font></font></p>
</td>
<td width="12%" style="width: 12.52%; border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; background: white; padding: 0cm; height: 14px;">
<p align="center" style="text-align: center; margin: 0cm 0cm 10pt; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">152,939</font></font></p>
</td>
<td width="11%" style="width: 11.12%; border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid #1f497d; background: white; padding: 0cm; height: 14px;">
<p align="center" style="text-align: center; margin: 0cm 0cm 10pt; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">158,588</font></font></p>
</td>
<td width="15%" nowrap="nowrap" style="width: 15.22%; border-top: none; border-left: none; border-bottom: 1px solid #1f497d; border-right: 1pt solid #1f497d; background: white; padding: 0.75pt 0.75pt 0cm; height: 14px;">
<p align="center" style="text-align: center; margin: 0cm 0cm 10pt; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US" style="color: #262626;">179,802</font></font></p>
</td>
</tr>

</table>
<font style="font-size: 8pt; text-align: justify; text-indent: 21.25pt; vertical-align: baseline; font-style: italic;"><sup>1</sup>&nbsp;</font><font style="font-size: 8pt; text-align: justify; text-indent: 21.25pt; font-style: italic;">Calculated on the closing share price for the period</font></div>
<div style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-size: 8pt; font-style: italic;"><sup style="text-align: justify; text-indent: 21.25pt;">2</sup><font style="text-align: justify; text-indent: 21.25pt;">&nbsp;</font><font style="text-align: justify; text-indent: 21.25pt;">1 ADR = 1 </font><font style="text-align: justify; text-indent: 21.25pt;">common share</font></font>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #404040; font-weight: bold;">UGPA3 x Ibovespa</font><font style="color: #404040; font-weight: bold;"> Performance</font><font style="color: #404040; font-weight: bold;"> &#8211; </font><font style="color: #404040; font-weight: bold;">4</font><font style="color: #404040; font-weight: bold;">Q</font><font style="color: #404040; font-weight: bold;">2</font><font style="color: #404040; font-weight: bold;">1</font></font></p>
<p style="margin: 0pt 0pt 10pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #404040; font-weight: bold;">(</font><font style="color: #404040; font-weight: bold;">Sep 30, 2021 =</font><font style="color: #404040; font-weight: bold;"> 100)</font></font></p>
<div><img src="imgf5eaf868ae0d4906bb12.jpg" style="display: block; margin-left: auto; margin-right: auto;" alt="Graphics">
<p style="text-align: center;">Source: Broadcast</p>
<p style="text-align: center;"><br></p>
<table style="font-size: 10pt; width: 100%; margin-left: 0.1px; font-family: 'times new roman'; height: 123px;">

<tr style="height: 106px;">
<td style="width: 50%; height: 106px; vertical-align: bottom; padding: 0px 0px 10px;" valign="bottom">
<p style="margin: 0cm 0cm 0.0001pt; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif';"><font lang="PT-BR" style="font-size: 14pt; font-family: 'times new roman', times; color: #051272;">4<sup>th</sup> QUARTER OF 2021</font></p>
</td>
<td style="width: 50%; height: 106px; vertical-align: bottom;" valign="bottom">
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: right;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><img src="imgf2017895b99f459581b2.jpg" alt="Image1"></font></p>
</td>
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</table>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>184</font></font></td>
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<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="break-before: page; font-size: 10pt; text-align: center;"><a href="#TOC">Table of Contents</a></div>
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<p style="margin: 0pt; text-align: justify; text-indent: 21.25pt;"><br></p>
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<p style="line-height: 14pt; margin: 0pt 0pt 6pt;"><font style="color: #051273; font-family: 'Century Gothic'; font-size: 12pt; font-weight: bold;">4</font><font style="color: #051273; font-family: 'Century Gothic'; font-size: 12pt; font-weight: bold;">Q</font><font style="color: #051273; font-family: 'Century Gothic'; font-size: 12pt; font-weight: bold;">2</font><font style="color: #051273; font-family: 'Century Gothic'; font-size: 12pt; font-weight: bold;">1 Conference call</font></p>
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<p style="margin: 8pt 0pt 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 9.5pt;">Ultrapar will host a conference call for analysts and investors on February 24, 2022 to comment on the Company&#8217;s performance in the fourth quarter of 2021 and outlook. The presentation will be available for download in the Company&#8217;s website 30 minutes prior to the conference call.</font></p>
<p style="margin: 8pt 0pt 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 9.5pt;">The conference call will be transmitted via WEBCAST and held in Portuguese with simultaneous translation into English. The access link is available at ri.ultra.com.br. Please connect 10 minutes in advance.</font></p>
<p style="margin: 8pt 0pt 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 9.5pt;"><br></font></p>
<p style="margin: 0pt;"><font style="color: #051273; font-family: 'times new roman', times; font-size: 9.5pt; font-weight: bold;">Conference call in Portuguese with simultaneous translation to English</font></p>
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times;"><font style="color: #051273; font-size: 9.5pt; font-weight: bold;">Time</font><font style="color: #051273; font-size: 9.5pt; font-weight: bold;">: 11</font><font style="color: #051273; font-size: 9.5pt; font-weight: bold;">:</font><font style="color: #051273; font-size: 9.5pt; font-weight: bold;">00</font><font style="color: #051273; font-size: 9.5pt; font-weight: bold;"> a.m.</font><font style="color: #051273; font-size: 9.5pt; font-weight: bold;"> (BRT) </font><font style="color: #051273; font-size: 9.5pt; font-weight: bold;">/ 9</font><font style="color: #051273; font-size: 9.5pt; font-weight: bold;">:</font><font style="color: #051273; font-size: 9.5pt; font-weight: bold;">00</font><font style="color: #051273; font-size: 9.5pt; font-weight: bold;"> a.m.</font><font style="color: #051273; font-size: 9.5pt; font-weight: bold;"> (E</font><font style="color: #051273; font-size: 9.5pt; font-weight: bold;">S</font><font style="color: #051273; font-size: 9.5pt; font-weight: bold;">T)</font></font></p>
<p style="margin: 0pt;"><br></p>
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times;"><font style="color: #262626; font-size: 9.5pt; font-weight: bold;">Participants </font><font style="color: #262626; font-size: 9.5pt; font-weight: bold;">in</font><font style="color: #262626; font-size: 9.5pt; font-weight: bold;"> Bra</font><font style="color: #262626; font-size: 9.5pt; font-weight: bold;">z</font><font style="color: #262626; font-size: 9.5pt; font-weight: bold;">il:</font><font style="color: #262626; font-size: 9.5pt;"> </font><font style="color: #262626; font-size: 9.5pt;">+55 (11) 4090-1621</font><font style="color: #262626; font-size: 9.5pt;"> o</font><font style="color: #262626; font-size: 9.5pt;">r</font><font style="color: #262626; font-size: 9.5pt;"> +55 (11) 3181-8565</font></font></p>
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times;"><font style="color: #262626; font-size: 9.5pt; font-weight: bold;">C</font><font style="color: #262626; font-size: 9.5pt; font-weight: bold;">ode</font><font style="color: #262626; font-size: 9.5pt; font-weight: bold;">:</font><font style="color: #262626; font-size: 9.5pt;"> Ultrapar &#8211; </font><font style="color: #262626; font-size: 9.5pt;">in Portuguese</font></font></p>
<p style="margin: 0pt;"><br></p>
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times;"><font style="color: #262626; font-size: 9.5pt; font-weight: bold;">Replay:</font><font style="color: #262626; font-size: 9.5pt;"> </font><font style="color: #262626; font-size: 9.5pt;">+55 (11) 3193-1012</font><font style="color: #262626; font-size: 9.5pt;"> </font><font style="color: #262626; font-size: 9.5pt;">(</font><font style="color: #262626; font-size: 9.5pt;">available for seven days</font><font style="color: #262626; font-size: 9.5pt;">)</font></font></p>
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times;"><font style="color: #262626; font-size: 9.5pt; font-weight: bold;">C</font><font style="color: #262626; font-size: 9.5pt; font-weight: bold;">ode:</font><font style="color: #262626; font-size: 9.5pt;"> 3167603#</font></font></p>
<p style="margin: 0pt;"><br></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times;"><font style="color: #262626; font-size: 9.5pt; font-weight: bold;">International </font><font style="color: #262626; font-size: 9.5pt; font-weight: bold;">Participants:</font><font style="color: #262626; font-size: 9.5pt;"> +1 (844) 204-8942 o</font><font style="color: #262626; font-size: 9.5pt;">r</font><font style="color: #262626; font-size: 9.5pt;"> +1 (412) 717-9627</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times;"><font style="color: #262626; font-size: 9.5pt; font-weight: bold;">C</font><font style="color: #262626; font-size: 9.5pt; font-weight: bold;">ode</font><font style="color: #262626; font-size: 9.5pt; font-weight: bold;">: </font><font style="color: #262626; font-size: 9.5pt;">Ultrapar &#8211; </font><font style="color: #262626; font-size: 9.5pt;">in English</font></font></p>
<p style="margin: 0pt;"><br></p>
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times;"><font style="color: #262626; font-size: 9.5pt; font-weight: bold;">Replay:</font><font style="color: #262626; font-size: 9.5pt;"> +55 (11) 3193-1012</font><font style="color: #262626; font-size: 9.5pt;"> </font><font style="color: #262626; font-size: 9.5pt;">(</font><font style="color: #262626; font-size: 9.5pt;">available for seven days</font><font style="color: #262626; font-size: 9.5pt;">)</font></font></p>
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times;"><font style="color: #262626; font-size: 9.5pt; font-weight: bold;">C</font><font style="color: #262626; font-size: 9.5pt; font-weight: bold;">ode</font><font style="color: #262626; font-size: 9.5pt; font-weight: bold;">:</font><font style="color: #262626; font-size: 9.5pt;"> </font><font style="color: #262626; font-size: 9.5pt;">9792937#</font></font><font style="font-family: 'Century Gothic'; font-size: 10pt;"> </font></p>
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 10pt;">&nbsp;</font></p>
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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>185</font></font></td>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
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<p style="margin: 0cm 0cm 0.0001pt; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font lang="PT-BR" style="font-size: 14pt; font-family: 'times new roman', times; color: #051272;">4<sup>th</sup> QUARTER OF 2021</font></p>
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<td style="width: 50%; height: 106px; vertical-align: bottom;" valign="bottom">
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: right;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><img src="imgf2017895b99f459581b2.jpg" alt="Image1"></font></p>
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<td colspan="9" height="19" style="height: 14px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center;"><font style="font-family: 'times new roman', times;">ULTRAPAR&nbsp;</font></td>
</tr>
<tr style="height: 14px;">
<td colspan="9" height="19" style="height: 14px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center;"><font style="font-family: 'times new roman', times;">CONSOLIDATED BALANCE SHEET</font></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></td>
</tr>
<tr style="height: 10px;">
<td height="54" style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: left; background: #f2f2f2;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp; </font>In million of Reais</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: right; background: white; height: 10px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: center; background: #f2f2f2; height: 10px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;</font>DEC 21<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td style="border-left: none; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #ffffff; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: 1pt solid #bfbfbf; border-right: 1pt solid #bfbfbf; border-bottom: 1pt solid #bfbfbf; border-image: initial; white-space: normal; text-align: center; background: #1f497d; height: 10px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;</font>Continuing Operations&#185;<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td style="border-left: none; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #ffffff; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: 1pt solid #bfbfbf; border-right: 1pt solid #bfbfbf; border-bottom: 1pt solid #bfbfbf; border-image: initial; white-space: normal; text-align: center; background: #1f497d; height: 10px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;</font>Discontinued Operations&#185;<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #ffffff; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: normal; text-align: center; background: white; height: 10px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: center; background: #f2f2f2; height: 10px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;</font>DEC 20<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; background: white; height: 10px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: center; background: #f2f2f2; height: 10px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;</font>SEP 21<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
</tr>
<tr style="height: 9px;">
<td height="12" style="height: 9px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 9px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; height: 9px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 9px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 9px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 9px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; height: 9px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 9px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; height: 9px;"></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times;">ASSETS</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; height: 14px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></td>
</tr>
<tr style="height: 5px;">
<td height="7" style="height: 5px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px;"></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times;">Cash and cash equivalents</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2,668.1</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2,280.1</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>388.0</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2,661.5</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2,826.3</font></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; text-align: left;"><font style="font-family: 'times new roman', times;">Financial investments and hedging instruments</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>3,150.7</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,804.1</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,346.6</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>5,033.3</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2,914.9</font></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; text-align: left;"><font style="font-family: 'times new roman', times;">Trade receivables and reseller financing</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>4,987.5</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>3,957.8</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,029.7</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>3,868.1</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>4,624.4</font></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times;">Inventories</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>6,168.6</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>3,918.8</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2,249.9</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>3,846.2</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>5,574.2</font></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times;">Recoverable taxes</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2,049.8</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,353.1</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>696.8</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,410.9</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,540.7</font></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times;">Prepaid expenses</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>143.0</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>98.0</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>45.0</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>132.1</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>141.2</font></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times;">Contractual assets with customers - exclusive rights</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>555.1</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>555.1</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>-<font style="mso-spacerun: yes;">&nbsp;&nbsp; </font></font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>478.9</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>533.7</font></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times;">Other receivables</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>84.3</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>56.4</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>27.9</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>58.1</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>106.4</font></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: left; background: #f2f2f2;"><font style="font-family: 'times new roman', times;">Total Current Assets</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>19,807.1</font></td>
<td style="border-left: none; padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: 1pt solid #bfbfbf; border-right: 1pt solid #bfbfbf; border-bottom: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>14,023.3</font></td>
<td style="border-left: none; padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: 1pt solid #bfbfbf; border-right: 1pt solid #bfbfbf; border-bottom: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>5,783.8</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>17,489.1</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>18,261.8</font></td>
</tr>
<tr style="height: 5px;">
<td height="7" style="height: 5px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; text-align: left;"><font style="font-family: 'times new roman', times;">Financial investments and hedging instruments</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>871.7</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>379.3</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>492.4</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>977.4</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>847.3</font></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; text-align: left;"><font style="font-family: 'times new roman', times;">Trade receivables and reseller financing</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>479.4</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>479.2</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>0.2</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>491.5</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>481.4</font></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times;">Deferred income and social contribution taxes</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,313.7</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>571.8</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>742.0</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>974.7</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,245.5</font></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times;">Recoverable taxes</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,613.8</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,202.2</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>411.7</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,736.0</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,815.2</font></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times;">Escrow deposits<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>879.3</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>871.3</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>8.0</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>949.8</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>868.4</font></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times;">Prepaid expenses</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>77.8</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>71.4</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>6.4</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>70.5</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>84.3</font></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; text-align: left;"><font style="font-family: 'times new roman', times;">Contractual assets with customers - exclusive rights</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,524.2</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,524.2</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>-<font style="mso-spacerun: yes;">&nbsp;&nbsp; </font></font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,227.4</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,385.2</font></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times;">Other receivables</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>151.3</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>151.2</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>0.1</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>227.5</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>175.1</font></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times;">Investments</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>97.8</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>78.6</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>19.2</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>167.5</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>172.4</font></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times;">Right to use assets</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2,001.3</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,651.3</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>350.1</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2,150.3</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2,093.0</font></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times;">Property, plant and equipment</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>8,476.5</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>5,534.6</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2,941.9</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>8,005.9</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>8,235.0</font></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times;">Intangible assets</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,716.5</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,471.3</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>245.3</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,782.7</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,707.7</font></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: left; background: #f2f2f2;"><font style="font-family: 'times new roman', times;">Total Non-Current Assets</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>19,203.3</font></td>
<td style="border-left: none; padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: 1pt solid #bfbfbf; border-right: 1pt solid #bfbfbf; border-bottom: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>13,986.2</font></td>
<td style="border-left: none; padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: 1pt solid #bfbfbf; border-right: 1pt solid #bfbfbf; border-bottom: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>5,217.1</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>18,761.1</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>19,110.5</font></td>
</tr>
<tr style="height: 5px;">
<td height="7" style="height: 5px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
</tr>
<tr style="height: 15px;">
<td height="20" style="height: 15px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2;"><font style="font-family: 'times new roman', times;">TOTAL ASSETS</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 15px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>39,010.4</font></td>
<td style="border-left: none; padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: 1pt solid #bfbfbf; border-right: 1pt solid #bfbfbf; border-bottom: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>28,009.4</font></td>
<td style="border-left: none; padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: 1pt solid #bfbfbf; border-right: 1pt solid #bfbfbf; border-bottom: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>11,000.9</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>36,250.2</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>37,372.3</font></td>
</tr>
<tr style="height: 9px;">
<td height="13" style="height: 9px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 9px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 9px; text-align: right;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 9px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 9px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 9px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 9px; text-align: right;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 9px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 9px; text-align: right;"></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times;">LIABILITIES</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; height: 14px;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
</tr>
<tr style="height: 10px;">
<td height="7" style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 10px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 10px; text-align: right;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 10px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 10px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 10px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 10px; text-align: right;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 10px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 10px; text-align: right;"></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; text-align: left;"><font style="font-family: 'times new roman', times;">Loans, financing and hedge derivative financial instruments</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>857.6</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>618.3</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>239.3</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2,306.0</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>945.6</font></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times;">Debentures</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2,247.7</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2,247.7</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>-<font style="mso-spacerun: yes;">&nbsp;&nbsp; </font></font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>949.9</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,475.4</font></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times;">Trade payables</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>7,232.5</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>5,790.0</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,442.6</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>4,040.7</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>6,364.1</font></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times;">Salaries and related charges</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>552.9</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>330.1</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>222.8</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>468.6</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>549.0</font></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times;">Taxes payable</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>507.6</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>425.5</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>82.1</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>455.3</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>396.5</font></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times;">Leases payable</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>264.8</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>188.8</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>76.0</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>260.2</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>269.5</font></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times;">Other payables</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>573.8</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>498.3</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>75.5</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>760.1</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>345.1</font></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: left; background: #f2f2f2;"><font style="font-family: 'times new roman', times;">Total Current Liabilities</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>12,237.1</font></td>
<td style="border-left: none; padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: 1pt solid #bfbfbf; border-right: 1pt solid #bfbfbf; border-bottom: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>10,098.8</font></td>
<td style="border-left: none; padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: 1pt solid #bfbfbf; border-right: 1pt solid #bfbfbf; border-bottom: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2,138.3</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>9,240.8</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>10,345.2</font></td>
</tr>
<tr style="height: 5px;">
<td height="7" style="height: 5px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; text-align: left;"><font style="font-family: 'times new roman', times;">Loans, financing and hedge derivative financial instruments</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>8,675.0</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>8,672.5</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2.4</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>8,526.1</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>8,458.9</font></td>
</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times;">Debentures</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 12px;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>4,839.0</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>4,839.0</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>-<font style="mso-spacerun: yes;">&nbsp;&nbsp; </font></font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>5,594.2</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 12px; text-align: right;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>5,529.2</font></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times;">Provisions for tax, civil and labor risks</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>847.8</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>812.2</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>35.5</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>854.4</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>797.2</font></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times;">Post-employment benefits</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>201.7</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>194.6</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>7.1</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>257.6</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>262.8</font></td>
</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times;">Leases payable</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 12px;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,497.2</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,159.5</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>337.7</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,573.1</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 12px; text-align: right;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,546.3</font></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times;">Other payables</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>243.3</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>222.9</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>20.4</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>293.7</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>247.8</font></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: left; background: #f2f2f2;"><font style="font-family: 'times new roman', times;">Total Non-Current Liabilities</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>16,304.0</font></td>
<td style="border-left: none; padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: 1pt solid #bfbfbf; border-right: 1pt solid #bfbfbf; border-bottom: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>15,900.9</font></td>
<td style="border-left: none; padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: 1pt solid #bfbfbf; border-right: 1pt solid #bfbfbf; border-bottom: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>403.1</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>17,099.1</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>16,842.1</font></td>
</tr>
<tr style="height: 5px;">
<td height="7" style="height: 5px; padding-top: 1px; padding-right: 1px; padding-left: 48px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2;"><font style="font-family: 'times new roman', times;">TOTAL LIABILITIES</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>28,541.1</font></td>
<td style="border-left: none; padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: 1pt solid #bfbfbf; border-right: 1pt solid #bfbfbf; border-bottom: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>25,999.7</font></td>
<td style="border-left: none; padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: 1pt solid #bfbfbf; border-right: 1pt solid #bfbfbf; border-bottom: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2,541.4</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>26,339.9</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>27,187.4</font></td>
</tr>
<tr style="height: 9px;">
<td height="13" style="height: 9px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 9px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 9px; text-align: right;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 9px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 9px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 9px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 9px; text-align: right;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 9px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 9px; text-align: right;"></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times;">EQUITY</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; height: 14px;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
</tr>
<tr style="height: 5px;">
<td height="7" style="height: 5px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times;">Share capital</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>5,171.8</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>5,171.8</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>-<font style="mso-spacerun: yes;">&nbsp;&nbsp; </font></font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>5,171.8</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>5,171.8</font></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times;">Reserves</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>5,467.0</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>5,467.0</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>-<font style="mso-spacerun: yes;">&nbsp;&nbsp; </font></font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>5,006.7</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>5,008.3</font></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times;">Treasury shares</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(488.4)</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(488.4)</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>-<font style="mso-spacerun: yes;">&nbsp;&nbsp; </font></font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(489.1)</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(489.1)</font></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times;">Other</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(83.5)</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(83.5)</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>-<font style="mso-spacerun: yes;">&nbsp;&nbsp; </font></font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(155.6)</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>104.9</font></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times;">Non-controlling interests in subsidiaries</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>402.3</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>402.3</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>-<font style="mso-spacerun: yes;">&nbsp;&nbsp; </font></font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>376.5</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>389.1</font></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: left; background: #f2f2f2;"><font style="font-family: 'times new roman', times;">Total Equity</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>10,469.2</font></td>
<td style="border-left: none; padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: 1pt solid #bfbfbf; border-right: 1pt solid #bfbfbf; border-bottom: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>10,469.2</font></td>
<td style="border-left: none; padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: 1pt solid #bfbfbf; border-right: 1pt solid #bfbfbf; border-bottom: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>-<font style="mso-spacerun: yes;">&nbsp;&nbsp; </font></font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>9,910.3</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>10,185.0</font></td>
</tr>
<tr style="height: 5px;">
<td height="7" style="height: 5px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2;"><font style="font-family: 'times new roman', times;">TOTAL LIABILITIES AND EQUITY</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>39,010.4</font></td>
<td style="border-left: none; padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: 1pt solid #bfbfbf; border-right: 1pt solid #bfbfbf; border-bottom: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>36,468.9</font></td>
<td style="border-left: none; padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: 1pt solid #bfbfbf; border-right: 1pt solid #bfbfbf; border-bottom: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2,541.4</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>36,250.2</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>37,372.3</font></td>
</tr>
<tr style="height: 5px;">
<td height="7" style="height: 5px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times;">Cash and financial investments</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>6,690.4</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 14px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;</font>n/a<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 14px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;</font>n/a<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>8,672.2</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>6,588.4</font></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times;">Loans and debentures</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(16,619.4)</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 14px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;</font>n/a<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 14px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;</font>n/a<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(17,376.2)</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(16,409.1)</font></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times;">Leases payable</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(1,762.0)</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 14px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;</font>n/a<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 14px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;</font>n/a<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(1,833.3)</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(1,815.8)</font></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: left; background: #f2f2f2;"><font style="font-family: 'times new roman', times;">Net Cash (debt)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(11,691.0)</font></td>
<td style="border-left: none; padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: 1pt solid #bfbfbf; border-right: 1pt solid #bfbfbf; border-bottom: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; text-align: right; background: #f2f2f2; height: 14px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;</font>n/a<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td style="border-left: none; padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: 1pt solid #bfbfbf; border-right: 1pt solid #bfbfbf; border-bottom: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; text-align: right; background: #f2f2f2; height: 14px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;</font>n/a<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(10,537.3)</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(11,636.4)</font></td>
</tr>
<tr style="height: 2px;">
<td height="3" style="height: 2px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 2px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 2px; text-align: right;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 2px;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 2px;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 2px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 2px; text-align: right;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 2px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 2px; text-align: right;"></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: left; background: #f2f2f2;"><font style="font-family: 'times new roman', times;">Net Cash (debt) ex-IFRS 16</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(9,929.0)</font></td>
<td style="border-left: none; padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: 1pt solid #bfbfbf; border-right: 1pt solid #bfbfbf; border-bottom: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; text-align: right; background: #f2f2f2; height: 14px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;</font>n/a<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td style="border-left: none; padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: 1pt solid #bfbfbf; border-right: 1pt solid #bfbfbf; border-bottom: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; text-align: right; background: #f2f2f2; height: 14px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;</font>n/a<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(8,704.1)</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(9,820.7)</font></td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 8pt;"><br></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 8pt;"><sup>1</sup> Since the financial management is unified in the Holding, the individual view of the balance sheet of continuing and discontinued operations does not reflect the reality of the companies (assets and liabilities differ)</font></p>
<p style="margin: 0pt; text-align: justify; text-indent: 21.25pt;"><br></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>186</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a><br></div>
</div>
<table style="height: 0px; width: 100%; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt;">

<tr style="height: 106px;">
<td style="width: 50%; height: 106px; vertical-align: bottom; padding: 0px 0px 10px;" valign="bottom">
<p style="margin: 0cm 0cm 0.0001pt; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font lang="PT-BR" style="font-size: 14pt; font-family: 'times new roman', times; color: #051272;">4<sup>th</sup> QUARTER OF 2021</font></p>
</td>
<td style="width: 50%; height: 106px; vertical-align: bottom;" valign="bottom">
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: right;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><img src="imgf2017895b99f459581b2.jpg" alt="Image1"></font></p>
</td>
</tr>

</table>
<table border="0" cellpadding="0" cellspacing="0" width="100%" style="border-collapse: collapse; width: 100%; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt; height: 669px;">

<tr style="height: 13px;">
<td colspan="15" height="18" style="height: 13px; padding: 0px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; width: 99.9235%;"><font style="font-family: 'times new roman', times;">ULTRAPAR</font></td>
</tr>
<tr style="height: 15px;">
<td colspan="15" height="20" style="height: 15px; padding: 0px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; width: 99.9235%;"><font style="font-family: 'times new roman', times;">CONSOLIDATED INCOME STATEMENT</font></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding: 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 29.8393%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 1.22418%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 6.73298%;"></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 7.49809%;"></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 7.5746%;"></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 1.14767%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 6.73298%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 1.22418%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 6.73298%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 1.14767%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; background: white; height: 13px; width: 6.80949%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; background: white; height: 13px; width: 7.72762%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; background: white; height: 13px; width: 7.5746%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 1.14767%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 6.80949%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
</tr>
<tr style="height: 10px;">
<td height="36" style="height: 10px; padding: 0px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: left; background: #f2f2f2; width: 29.8393%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp; </font>In million of Reais<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td style="padding: 0px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: right; background: white; height: 10px; width: 1.22418%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: normal; text-align: center; background: #f2f2f2; height: 10px; width: 6.73298%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;</font>4Q21<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td style="border-left: none; padding: 0px; color: #ffffff; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: 1pt solid #bfbfbf; border-right: 1pt solid #bfbfbf; border-bottom: 1pt solid #bfbfbf; border-image: initial; white-space: normal; text-align: center; background: #1f497d; height: 10px; width: 7.49809%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;</font>Continuing Operations<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td style="border-left: none; padding: 0px; color: #ffffff; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: 1pt solid #bfbfbf; border-right: 1pt solid #bfbfbf; border-bottom: 1pt solid #bfbfbf; border-image: initial; white-space: normal; text-align: center; background: #1f497d; height: 10px; width: 7.5746%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;</font>Discontinued Operations<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td style="padding: 0px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; background: white; height: 10px; width: 1.14767%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: center; background: #f2f2f2; height: 10px; width: 6.73298%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;</font>4Q20<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td style="padding: 0px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; background: white; height: 10px; width: 1.22418%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: normal; text-align: center; background: #f2f2f2; height: 10px; width: 6.73298%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;</font>3Q21<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 10px; width: 1.14767%;"></td>
<td style="padding: 0px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: center; background: #f2f2f2; height: 10px; width: 6.80949%;"><font style="font-family: 'times new roman', times;">2021</font></td>
<td style="border-left: none; padding: 0px; color: #ffffff; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: 1pt solid #bfbfbf; border-right: 1pt solid #bfbfbf; border-bottom: 1pt solid #bfbfbf; border-image: initial; white-space: normal; text-align: center; background: #1f497d; height: 10px; width: 7.72762%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;</font>Continuing Operations<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td style="border-left: none; padding: 0px; color: #ffffff; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: 1pt solid #bfbfbf; border-right: 1pt solid #bfbfbf; border-bottom: 1pt solid #bfbfbf; border-image: initial; white-space: normal; text-align: center; background: #1f497d; height: 10px; width: 7.5746%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;</font>Discontinued Operations<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td style="padding: 0px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; background: white; height: 10px; width: 1.14767%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: center; background: #f2f2f2; height: 10px; width: 6.80949%;"><font style="font-family: 'times new roman', times;">2020</font></td>
</tr>
<tr style="height: 10px;">
<td height="12" style="height: 10px; padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 29.8393%;"></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 10px; width: 1.22418%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 10px; width: 6.73298%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 10px; width: 7.49809%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 10px; width: 7.5746%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 10px; width: 1.14767%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 10px; width: 6.73298%;"></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 10px; width: 1.22418%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 10px; width: 6.73298%;"></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 10px; width: 1.14767%;"></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 10px; width: 6.80949%;"></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 10px; width: 7.72762%;"></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 10px; width: 7.5746%;"></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 10px; width: 1.14767%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 10px; width: 6.80949%;"></td>
</tr>
<tr style="height: 10px;">
<td height="5" style="height: 10px; padding: 0px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; width: 29.8393%;"></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 10px; width: 1.22418%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 10px; width: 6.73298%;"></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 10px; width: 7.49809%;"></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 10px; width: 7.5746%;"></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 10px; width: 1.14767%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 10px; width: 6.73298%;"></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 10px; width: 1.22418%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 10px; width: 6.73298%;"></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 10px; width: 1.14767%;"></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 10px; width: 6.80949%;"></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 10px; width: 7.72762%;"></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 10px; width: 7.5746%;"></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 10px; width: 1.14767%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 10px; width: 6.80949%;"></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding: 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: left; background: #f2f2f2; width: 29.8393%;"><font style="font-family: 'times new roman', times;">Net revenues from sales and services</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 1.22418%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 13px; text-align: right; width: 6.73298%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>34,411.2</font></td>
<td style="border-left: none; padding: 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: 1pt solid #bfbfbf; border-right: 1pt solid #bfbfbf; border-bottom: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2; height: 13px; text-align: right; width: 7.49809%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>31,904.3</font></td>
<td style="border-left: none; padding: 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: 1pt solid #bfbfbf; border-right: 1pt solid #bfbfbf; border-bottom: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2; height: 13px; text-align: right; width: 7.5746%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2,506.8</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right; width: 1.14767%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 13px; text-align: right; width: 6.73298%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>23,215.7</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right; width: 1.22418%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 13px; text-align: right; width: 6.73298%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>31,911.1</font></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 1.14767%;"></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 13px; text-align: right; width: 6.80949%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp; </font>118,798.6</font></td>
<td style="border-left: none; padding: 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: 1pt solid #bfbfbf; border-right: 1pt solid #bfbfbf; border-bottom: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2; height: 13px; text-align: right; width: 7.72762%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>109,732.8</font></td>
<td style="border-left: none; padding: 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: 1pt solid #bfbfbf; border-right: 1pt solid #bfbfbf; border-bottom: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2; height: 13px; text-align: right; width: 7.5746%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>9,065.8</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right; width: 1.14767%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 13px; text-align: right; width: 6.80949%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>81,241.1</font></td>
</tr>
<tr style="height: 5px;">
<td height="7" style="height: 5px; padding: 0px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 29.8393%;"></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; width: 1.22418%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right; width: 6.73298%;"></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right; width: 7.49809%;"></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right; width: 7.5746%;"></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; text-align: right; width: 1.14767%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right; width: 6.73298%;"></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; text-align: right; width: 1.22418%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right; width: 6.73298%;"></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right; width: 1.14767%;"></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right; width: 6.80949%;"></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right; width: 7.72762%;"></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right; width: 7.5746%;"></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; text-align: right; width: 1.14767%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right; width: 6.80949%;"></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding: 0px 0px 0px 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; width: 29.8393%;"><font style="font-family: 'times new roman', times;">Cost of products and services sold</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 1.22418%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 6.73298%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(32,352.3)</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 7.49809%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(30,374.2)</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 7.5746%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(1,978.1)</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right; width: 1.14767%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 6.73298%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(21,702.7)</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right; width: 1.22418%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 6.73298%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(30,112.2)</font></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 1.14767%;"></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 6.80949%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp; </font>(111,729.1)</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 7.72762%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(104,828.0)</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 7.5746%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(6,901.2)</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right; width: 1.14767%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 6.80949%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(75,628.2)</font></td>
</tr>
<tr style="height: 10px;">
<td height="7" style="height: 10px; padding: 0px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 29.8393%;"></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 10px; width: 1.22418%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 10px; text-align: right; width: 6.73298%;"></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 10px; text-align: right; width: 7.49809%;"></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 10px; text-align: right; width: 7.5746%;"></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 10px; text-align: right; width: 1.14767%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 10px; text-align: right; width: 6.73298%;"></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 10px; text-align: right; width: 1.22418%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 10px; text-align: right; width: 6.73298%;"></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 10px; text-align: right; width: 1.14767%;"></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 10px; text-align: right; width: 6.80949%;"></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 10px; text-align: right; width: 7.72762%;"></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 10px; text-align: right; width: 7.5746%;"></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 10px; text-align: right; width: 1.14767%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 10px; text-align: right; width: 6.80949%;"></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding: 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: left; background: #f2f2f2; width: 29.8393%;"><font style="font-family: 'times new roman', times;">Gross profit</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 1.22418%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 13px; text-align: right; width: 6.73298%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2,058.9</font></td>
<td style="border-left: none; padding: 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: 1pt solid #bfbfbf; border-right: 1pt solid #bfbfbf; border-bottom: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2; height: 13px; text-align: right; width: 7.49809%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,530.1</font></td>
<td style="border-left: none; padding: 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: 1pt solid #bfbfbf; border-right: 1pt solid #bfbfbf; border-bottom: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2; height: 13px; text-align: right; width: 7.5746%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>528.7</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right; width: 1.14767%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 13px; text-align: right; width: 6.73298%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,513.0</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right; width: 1.22418%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 13px; text-align: right; width: 6.73298%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,798.9</font></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 1.14767%;"></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 13px; text-align: right; width: 6.80949%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>7,069.5</font></td>
<td style="border-left: none; padding: 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: 1pt solid #bfbfbf; border-right: 1pt solid #bfbfbf; border-bottom: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2; height: 13px; text-align: right; width: 7.72762%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>4,904.9</font></td>
<td style="border-left: none; padding: 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: 1pt solid #bfbfbf; border-right: 1pt solid #bfbfbf; border-bottom: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2; height: 13px; text-align: right; width: 7.5746%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2,164.6</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right; width: 1.14767%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 13px; text-align: right; width: 6.80949%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>5,612.9</font></td>
</tr>
<tr style="height: 5px;">
<td height="7" style="height: 5px; padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 29.8393%;"></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; width: 1.22418%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right; width: 6.73298%;"></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right; width: 7.49809%;"></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right; width: 7.5746%;"></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; text-align: right; width: 1.14767%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right; width: 6.73298%;"></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; text-align: right; width: 1.22418%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right; width: 6.73298%;"></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right; width: 1.14767%;"></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right; width: 6.80949%;"></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right; width: 7.72762%;"></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right; width: 7.5746%;"></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; text-align: right; width: 1.14767%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right; width: 6.80949%;"></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding: 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; width: 29.8393%;"><font style="font-family: 'times new roman', times;">Operating expenses</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 1.22418%;"></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 6.73298%;"></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 7.49809%;"></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 7.5746%;"></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 1.14767%;"></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 6.73298%;"></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right; width: 1.22418%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 6.73298%;"></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 1.14767%;"></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 6.80949%;"></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 7.72762%;"></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 7.5746%;"></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 1.14767%;"></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 6.80949%;"></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding: 0px 0px 0px 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; width: 29.8393%;"><font style="font-family: 'times new roman', times;">Selling and marketing</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 1.22418%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 6.73298%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(846.2)</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 7.49809%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(567.5)</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 7.5746%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(278.7)</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right; width: 1.14767%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 6.73298%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(677.9)</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right; width: 1.22418%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 6.73298%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(781.5)</font></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 1.14767%;"></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 6.80949%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(2,986.5)</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 7.72762%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(1,931.7)</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 7.5746%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(1,054.8)</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right; width: 1.14767%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 6.80949%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(2,561.8)</font></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding: 0px 0px 0px 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; width: 29.8393%;"><font style="font-family: 'times new roman', times;">General and administrative</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px; width: 1.22418%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right; width: 6.73298%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(636.2)</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right; width: 7.49809%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(483.5)</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right; width: 7.5746%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(152.7)</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px; text-align: right; width: 1.14767%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right; width: 6.73298%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(459.6)</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px; text-align: right; width: 1.22418%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right; width: 6.73298%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(497.7)</font></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right; width: 1.14767%;"></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right; width: 6.80949%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(2,075.8)</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right; width: 7.72762%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(1,466.6)</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right; width: 7.5746%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(609.2)</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px; text-align: right; width: 1.14767%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right; width: 6.80949%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(1,536.6)</font></td>
</tr>
<tr style="height: 5px;">
<td height="7" style="height: 5px; padding: 0px 0px 0px 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; width: 29.8393%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; width: 1.22418%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right; width: 6.73298%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="mso-spacerun: yes;">&nbsp; &nbsp;</font></font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right; width: 7.49809%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="mso-spacerun: yes;">&nbsp; &nbsp;</font></font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right; width: 7.5746%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font style="mso-spacerun: yes;">&nbsp; &nbsp;</font></font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; text-align: right; width: 1.14767%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right; width: 6.73298%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font style="mso-spacerun: yes;">&nbsp; &nbsp;</font></font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; text-align: right; width: 1.22418%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right; width: 6.73298%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;</font></font></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right; width: 1.14767%;"></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right; width: 6.80949%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font style="mso-spacerun: yes;">&nbsp;&nbsp;</font></font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right; width: 7.72762%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;</font></font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right; width: 7.5746%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font style="mso-spacerun: yes;">&nbsp;&nbsp;</font></font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; text-align: right; width: 1.14767%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right; width: 6.80949%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font style="mso-spacerun: yes;">&nbsp; &nbsp;</font></font></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding: 0px 0px 0px 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; width: 29.8393%;"><font style="font-family: 'times new roman', times;">Other operating income, net</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px; width: 1.22418%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right; width: 6.73298%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>21.5</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right; width: 7.49809%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>18.4</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right; width: 7.5746%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>3.1</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px; text-align: right; width: 1.14767%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right; width: 6.73298%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>107.1</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px; text-align: right; width: 1.22418%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right; width: 6.73298%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>35.6</font></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right; width: 1.14767%;"></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right; width: 6.80949%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>123.0</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right; width: 7.72762%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>96.2</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right; width: 7.5746%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>26.8</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px; text-align: right; width: 1.14767%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right; width: 6.80949%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>221.4</font></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding: 0px 0px 0px 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; width: 29.8393%;"><font style="font-family: 'times new roman', times;">Gain (loss) on disposal of property,<br>plant and equipment and intangibles</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px; width: 1.22418%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right; width: 6.73298%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>125.0</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right; width: 7.49809%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>126.3</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right; width: 7.5746%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(1.3)</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px; text-align: right; width: 1.14767%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right; width: 6.73298%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>40.2</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px; text-align: right; width: 1.22418%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right; width: 6.73298%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>18.0</font></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right; width: 1.14767%;"></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right; width: 6.80949%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>183.2</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right; width: 7.72762%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>184.2</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right; width: 7.5746%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(1.0)</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px; text-align: right; width: 1.14767%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right; width: 6.80949%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>76.1</font></td>
</tr>
<tr style="height: 15px;">
<td height="20" style="height: 15px; padding: 0px 0px 0px 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; width: 29.8393%;"><font style="font-family: 'times new roman', times;">Impairment</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 15px; width: 1.22418%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 15px; text-align: right; width: 6.73298%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(32.9)</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 15px; text-align: right; width: 7.49809%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>-<font style="mso-spacerun: yes;">&nbsp;&nbsp; </font></font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 15px; text-align: right; width: 7.5746%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(32.9)</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 15px; text-align: right; width: 1.14767%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 15px; text-align: right; width: 6.73298%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>-<font style="mso-spacerun: yes;">&nbsp;&nbsp; </font></font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 15px; text-align: right; width: 1.22418%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 15px; text-align: right; width: 6.73298%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>-<font style="mso-spacerun: yes;">&nbsp;&nbsp; </font></font></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 15px; text-align: right; width: 1.14767%;"></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 15px; text-align: right; width: 6.80949%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(427.5)</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 15px; text-align: right; width: 7.72762%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>-<font style="mso-spacerun: yes;">&nbsp;&nbsp; </font></font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 15px; text-align: right; width: 7.5746%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(427.5)</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 15px; text-align: right; width: 1.14767%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 15px; text-align: right; width: 6.80949%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>-<font style="mso-spacerun: yes;">&nbsp;&nbsp; </font></font></td>
</tr>
<tr style="height: 5px;">
<td height="7" style="height: 5px; padding: 0px 0px 0px 12px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; width: 29.8393%;"></td>
<td style="padding: 0px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; width: 1.22418%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right; width: 6.73298%;"></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right; width: 7.49809%;"></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right; width: 7.5746%;"></td>
<td style="padding: 0px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; text-align: right; width: 1.14767%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right; width: 6.73298%;"></td>
<td style="padding: 0px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; text-align: right; width: 1.22418%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right; width: 6.73298%;"></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right; width: 1.14767%;"></td>
<td style="padding: 0px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right; width: 6.80949%;"></td>
<td style="padding: 0px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right; width: 7.72762%;"></td>
<td style="padding: 0px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right; width: 7.5746%;"></td>
<td style="padding: 0px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; text-align: right; width: 1.14767%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right; width: 6.80949%;"></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding: 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: left; background: #f2f2f2; width: 29.8393%;"><font style="font-family: 'times new roman', times;">Operating income (loss)</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 1.22418%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 13px; text-align: right; width: 6.73298%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>690.1</font></td>
<td style="border-left: none; padding: 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: 1pt solid #bfbfbf; border-right: 1pt solid #bfbfbf; border-bottom: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2; height: 13px; text-align: right; width: 7.49809%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>623.9</font></td>
<td style="border-left: none; padding: 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: 1pt solid #bfbfbf; border-right: 1pt solid #bfbfbf; border-bottom: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2; height: 13px; text-align: right; width: 7.5746%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>66.2</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right; width: 1.14767%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 13px; text-align: right; width: 6.73298%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>522.8</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right; width: 1.22418%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 13px; text-align: right; width: 6.73298%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>573.4</font></td>
<td style="padding: 0px; color: windowtext; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 1.14767%;"></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 13px; text-align: right; width: 6.80949%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,885.9</font></td>
<td style="border-left: none; padding: 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: 1pt solid #bfbfbf; border-right: 1pt solid #bfbfbf; border-bottom: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2; height: 13px; text-align: right; width: 7.72762%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,787.0</font></td>
<td style="border-left: none; padding: 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: 1pt solid #bfbfbf; border-right: 1pt solid #bfbfbf; border-bottom: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2; height: 13px; text-align: right; width: 7.5746%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>98.9</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right; width: 1.14767%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 13px; text-align: right; width: 6.80949%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,812.1</font></td>
</tr>
<tr style="height: 5px;">
<td height="7" style="height: 5px; padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 29.8393%;"></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; width: 1.22418%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right; width: 6.73298%;"></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right; width: 7.49809%;"></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right; width: 7.5746%;"></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; text-align: right; width: 1.14767%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right; width: 6.73298%;"></td>
<td style="padding: 0px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; text-align: right; width: 1.22418%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right; width: 6.73298%;"></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right; width: 1.14767%;"></td>
<td style="padding: 0px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right; width: 6.80949%;"></td>
<td style="padding: 0px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right; width: 7.72762%;"></td>
<td style="padding: 0px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right; width: 7.5746%;"></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; text-align: right; width: 1.14767%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right; width: 6.80949%;"></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding: 0px 0px 0px 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; width: 29.8393%;"><font style="font-family: 'times new roman', times;">Financial result</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 1.22418%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 6.73298%;"></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 7.49809%;"></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 7.5746%;"></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right; width: 1.14767%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 6.73298%;"></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right; width: 1.22418%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 6.73298%;"></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 1.14767%;"></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 6.80949%;"></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 7.72762%;"></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 7.5746%;"></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right; width: 1.14767%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 6.80949%;"></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding: 0px 0px 0px 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; width: 29.8393%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp; </font>Financial income</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 1.22418%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 6.73298%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>163.3</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 7.49809%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>149.5</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 7.5746%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>13.8</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right; width: 1.14767%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 6.73298%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>220.9</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right; width: 1.22418%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 6.73298%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>127.0</font></td>
<td style="padding: 0px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 1.14767%;"></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 6.80949%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>502.4</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 7.72762%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>460.2</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 7.5746%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>42.2</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right; width: 1.14767%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 6.80949%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>527.7</font></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding: 0px 0px 0px 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; width: 29.8393%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp; </font>Financial expenses</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 1.22418%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 6.73298%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(440.5)</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 7.49809%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(365.3)</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 7.5746%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(75.2)</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right; width: 1.14767%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 6.73298%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(84.4)</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right; width: 1.22418%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 6.73298%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(423.0)</font></td>
<td style="padding: 0px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 1.14767%;"></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 6.80949%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(1,412.1)</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 7.72762%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(1,222.9)</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 7.5746%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(189.2)</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right; width: 1.14767%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 6.80949%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(797.1)</font></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding: 0px 0px 0px 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; width: 29.8393%;"><font style="font-family: 'times new roman', times;">Share of profit (loss) of subsidiaries,<br>joint ventures and associates</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 1.22418%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 6.73298%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>4.4</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 7.49809%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>4.5</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 7.5746%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(0.1)</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right; width: 1.14767%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 6.73298%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(13.1)</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right; width: 1.22418%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 6.73298%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(11.1)</font></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 1.14767%;"></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 6.80949%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(17.6)</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 7.72762%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(17.6)</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 7.5746%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>0.0</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right; width: 1.14767%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 6.80949%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(43.6)</font></td>
</tr>
<tr style="height: 5px;">
<td height="7" style="height: 5px; padding: 0px 0px 0px 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; width: 29.8393%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; width: 1.22418%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right; width: 6.73298%;"></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right; width: 7.49809%;"></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right; width: 7.5746%;"></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; text-align: right; width: 1.14767%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right; width: 6.73298%;"></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; text-align: right; width: 1.22418%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right; width: 6.73298%;"></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right; width: 1.14767%;"></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right; width: 6.80949%;"></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right; width: 7.72762%;"></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right; width: 7.5746%;"></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; text-align: right; width: 1.14767%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right; width: 6.80949%;"></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding: 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: left; background: #f2f2f2; width: 29.8393%;"><font style="font-family: 'times new roman', times;">Income before income and social contribution taxes</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 1.22418%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 13px; text-align: right; width: 6.73298%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>417.3</font></td>
<td style="border-left: none; padding: 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: 1pt solid #bfbfbf; border-right: 1pt solid #bfbfbf; border-bottom: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2; height: 13px; text-align: right; width: 7.49809%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>412.6</font></td>
<td style="border-left: none; padding: 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: 1pt solid #bfbfbf; border-right: 1pt solid #bfbfbf; border-bottom: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2; height: 13px; text-align: right; width: 7.5746%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>4.7</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right; width: 1.14767%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 13px; text-align: right; width: 6.73298%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>646.2</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right; width: 1.22418%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 13px; text-align: right; width: 6.73298%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>266.3</font></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 1.14767%;"></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 13px; text-align: right; width: 6.80949%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>958.6</font></td>
<td style="border-left: none; padding: 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: 1pt solid #bfbfbf; border-right: 1pt solid #bfbfbf; border-bottom: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2; height: 13px; text-align: right; width: 7.72762%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,006.6</font></td>
<td style="border-left: none; padding: 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: 1pt solid #bfbfbf; border-right: 1pt solid #bfbfbf; border-bottom: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2; height: 13px; text-align: right; width: 7.5746%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(48.0)</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right; width: 1.14767%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 13px; text-align: right; width: 6.80949%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,499.1</font></td>
</tr>
<tr style="height: 5px;">
<td height="7" style="height: 5px; padding: 0px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 29.8393%;"></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; width: 1.22418%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right; width: 6.73298%;"></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right; width: 7.49809%;"></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right; width: 7.5746%;"></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; text-align: right; width: 1.14767%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right; width: 6.73298%;"></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; text-align: right; width: 1.22418%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right; width: 6.73298%;"></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right; width: 1.14767%;"></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right; width: 6.80949%;"></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right; width: 7.72762%;"></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right; width: 7.5746%;"></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; text-align: right; width: 1.14767%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right; width: 6.80949%;"></td>
</tr>
<tr style="height: 17px;">
<td style="padding: 0px 0px 0px 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 17px; width: 29.8393%;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-indent: 0px; text-transform: none; white-space: nowrap; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Provision for income and social<br>contribution taxes</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 17px; width: 1.22418%;"><br></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 17px; text-align: right; width: 6.73298%;"><br></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 17px; text-align: right; width: 7.49809%;"><br></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 17px; text-align: right; width: 7.5746%;"><br></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 17px; text-align: right; width: 1.14767%;"><br></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 17px; text-align: right; width: 6.73298%;"><br></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 17px; text-align: right; width: 1.22418%;"><br></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 17px; text-align: right; width: 6.73298%;"><br></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 17px; text-align: right; width: 1.14767%;"><br></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 17px; text-align: right; width: 6.80949%;"><br></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 17px; text-align: right; width: 7.72762%;"><br></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 17px; text-align: right; width: 7.5746%;"><br></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 17px; text-align: right; width: 1.14767%;"><br></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 17px; text-align: right; width: 6.80949%;"><br></td>
</tr>
<tr style="height: 15px;">
<td height="20" style="height: 15px; padding: 0px 0px 0px 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; width: 29.8393%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp; </font>Current</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 15px; width: 1.22418%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 15px; text-align: right; width: 6.73298%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(154.8)</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 15px; text-align: right; width: 7.49809%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(163.7)</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 15px; text-align: right; width: 7.5746%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>9.0</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 15px; text-align: right; width: 1.14767%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 15px; text-align: right; width: 6.73298%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(283.1)</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 15px; text-align: right; width: 1.22418%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 15px; text-align: right; width: 6.73298%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(20.2)</font></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 15px; text-align: right; width: 1.14767%;"></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 15px; text-align: right; width: 6.80949%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(538.7)</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 15px; text-align: right; width: 7.72762%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(477.4)</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 15px; text-align: right; width: 7.5746%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(61.3)</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 15px; text-align: right; width: 1.14767%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 15px; text-align: right; width: 6.80949%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(743.2)</font></td>
</tr>
<tr style="height: 15px;">
<td height="20" style="height: 15px; padding: 0px 0px 0px 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; width: 29.8393%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp; </font>Deferred</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 15px; width: 1.22418%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 15px; text-align: right; width: 6.73298%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>83.3</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 15px; text-align: right; width: 7.49809%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>77.8</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 15px; text-align: right; width: 7.5746%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>5.4</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 15px; text-align: right; width: 1.14767%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 15px; text-align: right; width: 6.73298%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>41.1</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 15px; text-align: right; width: 1.22418%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 15px; text-align: right; width: 6.73298%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>95.9</font></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 15px; text-align: right; width: 1.14767%;"></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 15px; text-align: right; width: 6.80949%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>353.1</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 15px; text-align: right; width: 7.72762%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>242.2</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 15px; text-align: right; width: 7.5746%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>110.8</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 15px; text-align: right; width: 1.14767%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 15px; text-align: right; width: 6.80949%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>87.9</font></td>
</tr>
<tr style="height: 15px;">
<td height="20" style="height: 15px; padding: 0px 0px 0px 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; width: 29.8393%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp; </font>Tax incentives</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 15px; width: 1.22418%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 15px; text-align: right; width: 6.73298%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>44.6</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 15px; text-align: right; width: 7.49809%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>15.1</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 15px; text-align: right; width: 7.5746%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>29.6</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 15px; text-align: right; width: 1.14767%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 15px; text-align: right; width: 6.73298%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>27.3</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 15px; text-align: right; width: 1.22418%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 15px; text-align: right; width: 6.73298%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>32.3</font></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 15px; text-align: right; width: 1.14767%;"></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 15px; text-align: right; width: 6.80949%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>110.9</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 15px; text-align: right; width: 7.72762%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>47.1</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 15px; text-align: right; width: 7.5746%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>63.8</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 15px; text-align: right; width: 1.14767%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 15px; text-align: right; width: 6.80949%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>83.9</font></td>
</tr>
<tr style="height: 5px;">
<td height="7" style="height: 5px; padding: 0px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 29.8393%;"></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; width: 1.22418%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right; width: 6.73298%;"></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right; width: 7.49809%;"></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right; width: 7.5746%;"></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; text-align: right; width: 1.14767%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right; width: 6.73298%;"></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; text-align: right; width: 1.22418%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right; width: 6.73298%;"></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right; width: 1.14767%;"></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right; width: 6.80949%;"></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right; width: 7.72762%;"></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right; width: 7.5746%;"></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; text-align: right; width: 1.14767%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right; width: 6.80949%;"></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding: 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: left; background: #f2f2f2; width: 29.8393%;"><font style="font-family: 'times new roman', times;">Net income (loss)</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 1.22418%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 13px; text-align: right; width: 6.73298%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>390.4</font></td>
<td style="border-left: none; padding: 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: 1pt solid #bfbfbf; border-right: 1pt solid #bfbfbf; border-bottom: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2; height: 13px; text-align: right; width: 7.49809%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>341.7</font></td>
<td style="border-left: none; padding: 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: 1pt solid #bfbfbf; border-right: 1pt solid #bfbfbf; border-bottom: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2; height: 13px; text-align: right; width: 7.5746%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>48.7</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right; width: 1.14767%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 13px; text-align: right; width: 6.73298%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>431.5</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right; width: 1.22418%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 13px; text-align: right; width: 6.73298%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>374.3</font></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 1.14767%;"></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 13px; text-align: right; width: 6.80949%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>883.9</font></td>
<td style="border-left: none; padding: 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: 1pt solid #bfbfbf; border-right: 1pt solid #bfbfbf; border-bottom: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2; height: 13px; text-align: right; width: 7.72762%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>818.6</font></td>
<td style="border-left: none; padding: 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: 1pt solid #bfbfbf; border-right: 1pt solid #bfbfbf; border-bottom: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2; height: 13px; text-align: right; width: 7.5746%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>65.3</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right; width: 1.14767%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 13px; text-align: right; width: 6.80949%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>927.7</font></td>
</tr>
<tr style="height: 10px;">
<td height="7" style="height: 10px; padding: 0px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 29.8393%;"></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 10px; width: 1.22418%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 10px; text-align: right; width: 6.73298%;"></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 10px; text-align: right; width: 7.49809%;"></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 10px; text-align: right; width: 7.5746%;"></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 10px; text-align: right; width: 1.14767%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 10px; text-align: right; width: 6.73298%;"></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 10px; text-align: right; width: 1.22418%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 10px; text-align: right; width: 6.73298%;"></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 10px; text-align: right; width: 1.14767%;"></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 10px; text-align: right; width: 6.80949%;"></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 10px; text-align: right; width: 7.72762%;"></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 10px; text-align: right; width: 7.5746%;"></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 10px; text-align: right; width: 1.14767%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 10px; text-align: right; width: 6.80949%;"></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding: 0px 0px 0px 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; width: 29.8393%;"><font style="font-family: 'times new roman', times;">Net income attributable to:</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 1.22418%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 6.73298%;"></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 7.49809%;"></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 7.5746%;"></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right; width: 1.14767%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 6.73298%;"></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right; width: 1.22418%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 6.73298%;"></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 1.14767%;"></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 6.80949%;"></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 7.72762%;"></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 7.5746%;"></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right; width: 1.14767%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 6.80949%;"></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding: 0px 0px 0px 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; width: 29.8393%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp; </font>Shareholders of the Company</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 1.22418%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 6.73298%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>380.2</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 7.49809%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;331.5</font></font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 7.5746%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;48</font>.7</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right; width: 1.14767%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 6.73298%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>426.0</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right; width: 1.22418%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 6.73298%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>369.2</font></td>
<td style="padding: 0px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 1.14767%;"></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 6.80949%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>850.5</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 7.72762%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;785.2</font></font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 7.5746%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;65</font>.3</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right; width: 1.14767%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 6.80949%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>893.4</font></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding: 0px 0px 0px 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; width: 29.8393%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp; </font>Non-controlling interests in subsidiaries</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 1.22418%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 6.73298%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>10.3</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 7.49809%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>10.3</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 7.5746%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>-<font style="mso-spacerun: yes;">&nbsp;&nbsp; </font></font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right; width: 1.14767%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 6.73298%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>5.5</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right; width: 1.22418%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 6.73298%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>5.1</font></td>
<td style="padding: 0px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 1.14767%;"></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 6.80949%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>33.4</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 7.72762%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>33.4</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 7.5746%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>-<font style="mso-spacerun: yes;">&nbsp;&nbsp; </font></font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right; width: 1.14767%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 6.80949%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>34.3</font></td>
</tr>
<tr style="height: 5px;">
<td height="7" style="height: 5px; padding: 0px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 29.8393%;"></td>
<td style="padding: 0px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; width: 1.22418%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right; width: 6.73298%;"></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right; width: 7.49809%;"></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right; width: 7.5746%;"></td>
<td style="padding: 0px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; text-align: right; width: 1.14767%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right; width: 6.73298%;"></td>
<td style="padding: 0px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; text-align: right; width: 1.22418%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right; width: 6.73298%;"></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right; width: 1.14767%;"></td>
<td style="padding: 0px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right; width: 6.80949%;"></td>
<td style="padding: 0px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right; width: 7.72762%;"></td>
<td style="padding: 0px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right; width: 7.5746%;"></td>
<td style="padding: 0px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; text-align: right; width: 1.14767%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right; width: 6.80949%;"></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding: 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: left; background: #f2f2f2; width: 29.8393%;"><font style="font-family: 'times new roman', times;">Adjusted EBITDA</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 1.22418%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 13px; text-align: right; width: 6.73298%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,187.2</font></td>
<td style="border-left: none; padding: 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: 1pt solid #bfbfbf; border-right: 1pt solid #bfbfbf; border-bottom: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2; height: 13px; text-align: right; width: 7.49809%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>948.8</font></td>
<td style="border-left: none; padding: 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: 1pt solid #bfbfbf; border-right: 1pt solid #bfbfbf; border-bottom: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2; height: 13px; text-align: right; width: 7.5746%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>238.5</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right; width: 1.14767%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 13px; text-align: right; width: 6.73298%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>949.3</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right; width: 1.22418%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 13px; text-align: right; width: 6.73298%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,017.3</font></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 1.14767%;"></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 13px; text-align: right; width: 6.80949%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>3,704.3</font></td>
<td style="border-left: none; padding: 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: 1pt solid #bfbfbf; border-right: 1pt solid #bfbfbf; border-bottom: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2; height: 13px; text-align: right; width: 7.72762%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2,965.7</font></td>
<td style="border-left: none; padding: 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: 1pt solid #bfbfbf; border-right: 1pt solid #bfbfbf; border-bottom: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2; height: 13px; text-align: right; width: 7.5746%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>738.6</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right; width: 1.14767%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 13px; text-align: right; width: 6.80949%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>3,478.5</font></td>
</tr>
<tr style="height: 5px;">
<td height="7" style="height: 5px; padding: 0px; color: windowtext; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 29.8393%;"></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; width: 1.22418%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right; width: 6.73298%;"></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right; width: 7.49809%;"></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right; width: 7.5746%;"></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; text-align: right; width: 1.14767%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right; width: 6.73298%;"></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; text-align: right; width: 1.22418%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right; width: 6.73298%;"></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right; width: 1.14767%;"></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right; width: 6.80949%;"></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right; width: 7.72762%;"></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right; width: 7.5746%;"></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; text-align: right; width: 1.14767%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right; width: 6.80949%;"></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding: 0px 0px 0px 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; width: 29.8393%;"><font style="font-family: 'times new roman', times;">Depreciation and amortization<font style="font-size: 8pt;"><sup>1</sup></font></font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 1.22418%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 6.73298%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>445.5</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 7.49809%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>320.3</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 7.5746%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>125.2</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right; width: 1.14767%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 6.73298%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>391.6</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right; width: 1.22418%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 6.73298%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>417.0</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right; width: 1.14767%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 6.80949%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,659.8</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 7.72762%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,196.4</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 7.5746%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>463.4</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right; width: 1.14767%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 6.80949%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,556.6</font></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding: 0px 0px 0px 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; width: 29.8393%;"><font style="font-family: 'times new roman', times;">Cash flow hedge bonds</font></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 1.22418%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 6.73298%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>47.2</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 7.49809%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>-<font style="mso-spacerun: yes;">&nbsp;&nbsp; </font></font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 7.5746%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>47.2</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right; width: 1.14767%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 6.73298%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>47.9</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right; width: 1.22418%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 6.73298%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>38.0</font></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 1.14767%;"></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 6.80949%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>176.2</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 7.72762%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>-<font style="mso-spacerun: yes;">&nbsp;&nbsp; </font></font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 7.5746%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>176.2</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right; width: 1.14767%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 6.80949%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>153.5</font></td>
</tr>
<tr style="height: 5px;">
<td height="7" style="height: 5px; padding: 0px; color: windowtext; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 29.8393%;"></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; width: 1.22418%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right; width: 6.73298%;"></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right; width: 7.49809%;"></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right; width: 7.5746%;"></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; text-align: right; width: 1.14767%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right; width: 6.73298%;"></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; text-align: right; width: 1.22418%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right; width: 6.73298%;"></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right; width: 1.14767%;"></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right; width: 6.80949%;"></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right; width: 7.72762%;"></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right; width: 7.5746%;"></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; text-align: right; width: 1.14767%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right; width: 6.80949%;"></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding: 0px 0px 0px 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; width: 29.8393%;"><font style="font-family: 'times new roman', times;">Total investments<font style="font-size: 8pt;"><sup>2</sup></font></font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 1.22418%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 6.73298%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>716.1</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 7.49809%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>579.7</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 7.5746%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>136.3</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 1.14767%;"></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 6.73298%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>484.5</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right; width: 1.22418%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 6.73298%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>491.4</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right; width: 1.14767%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 6.80949%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,898.8</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 7.72762%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,560.6</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 7.5746%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>338.2</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 1.14767%;"></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 6.80949%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,508.2</font></td>
</tr>
<tr style="height: 5px;">
<td height="7" style="height: 5px; padding: 0px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 29.8393%;"></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; width: 1.22418%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right; width: 6.73298%;"></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right; width: 7.49809%;"></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right; width: 7.5746%;"></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; text-align: right; width: 1.14767%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right; width: 6.73298%;"></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; text-align: right; width: 1.22418%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right; width: 6.73298%;"></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right; width: 1.14767%;"></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right; width: 6.80949%;"></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right; width: 7.72762%;"></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right; width: 7.5746%;"></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; text-align: right; width: 1.14767%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right; width: 6.80949%;"></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding: 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; width: 29.8393%;"><font style="font-family: 'times new roman', times;">Ratios</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 1.22418%;"></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 6.73298%;"></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 7.49809%;"></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 7.5746%;"></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 1.14767%;"></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 6.73298%;"></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right; width: 1.22418%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 6.73298%;"></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 1.14767%;"></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 6.80949%;"></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 7.72762%;"></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 7.5746%;"></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 1.14767%;"></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 6.80949%;"></td>
</tr>
<tr style="height: 5px;">
<td height="6" style="height: 5px; padding: 0px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 29.8393%;"></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; width: 1.22418%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right; width: 6.73298%;"></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right; width: 7.49809%;"></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right; width: 7.5746%;"></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; text-align: right; width: 1.14767%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right; width: 6.73298%;"></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; text-align: right; width: 1.22418%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right; width: 6.73298%;"></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right; width: 1.14767%;"></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right; width: 6.80949%;"></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right; width: 7.72762%;"></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right; width: 7.5746%;"></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; text-align: right; width: 1.14767%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right; width: 6.80949%;"></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding: 0px 0px 0px 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; width: 29.8393%;"><font style="font-family: 'times new roman', times;">Earnings per share (R$)</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 1.22418%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right; width: 6.73298%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>0.36</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right; width: 7.49809%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>0.31</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right; width: 7.5746%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>0.04</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 1.14767%;"></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 6.73298%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>0.39</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right; width: 1.22418%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 6.73298%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>0.34</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 1.14767%;"></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 6.80949%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>0.78</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 7.72762%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>0.72</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 7.5746%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>0.06</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 1.14767%;"></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 6.80949%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>0.82</font></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding: 0px 0px 0px 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; width: 29.8393%;"><font style="font-family: 'times new roman', times;">Net debt (ex-IFRS 16) / Stockholders' equity</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 1.22418%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 6.73298%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>0.95</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 13px; width: 7.49809%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;</font>n/a<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 13px; width: 7.5746%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;</font>n/a<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 1.14767%;"></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 6.73298%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>0.88</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right; width: 1.22418%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 6.73298%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>0.96</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 1.14767%;"></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 6.80949%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>0.95</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 13px; width: 7.72762%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;</font>n/a<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 13px; width: 7.5746%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;</font>n/a<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 1.14767%;"></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 6.80949%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>0.88</font></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding: 0px 0px 0px 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; width: 29.8393%;"><font style="font-family: 'times new roman', times;">Net debt / Stockholders' equity</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 1.22418%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 6.73298%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1.12</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 13px; width: 7.49809%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;</font>n/a<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 13px; width: 7.5746%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;</font>n/a<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right; width: 1.14767%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 6.73298%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1.06</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right; width: 1.22418%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 6.73298%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1.14</font></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; background: white; height: 13px; width: 1.14767%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 6.80949%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1.12</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 13px; width: 7.72762%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;</font>n/a<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 13px; width: 7.5746%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;</font>n/a<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right; width: 1.14767%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 6.80949%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1.06</font></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding: 0px 0px 0px 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; width: 29.8393%;"><font style="font-family: 'times new roman', times;">Net debt / LTM Adjusted EBITDA<font style="font-size: 8pt;"><sup>3</sup></font> (ex-IFRS16)</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 1.22418%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 6.73298%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2.77</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 13px; width: 7.49809%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;</font>n/a<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 13px; width: 7.5746%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;</font>n/a<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right; width: 1.14767%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 6.73298%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2.83</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right; width: 1.22418%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 6.73298%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2.87</font></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 13px; width: 1.14767%;"></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 6.80949%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2.77</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 13px; width: 7.72762%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;</font>n/a<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 13px; width: 7.5746%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;</font>n/a<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right; width: 1.14767%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 6.80949%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2.83</font></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding: 0px 0px 0px 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; width: 29.8393%;"><font style="font-family: 'times new roman', times;">Net debt / LTM Adjusted EBITDA<font style="font-size: 8pt;"><sup>3</sup></font></font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 1.22418%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 6.73298%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2.88</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 13px; width: 7.49809%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;</font>n/a<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 13px; width: 7.5746%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;</font>n/a<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right; width: 1.14767%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 6.73298%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>3.03</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right; width: 1.22418%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 6.73298%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>3.01</font></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 13px; width: 1.14767%;"></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 6.80949%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2.88</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 13px; width: 7.72762%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;</font>n/a<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 13px; width: 7.5746%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;</font>n/a<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right; width: 1.14767%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 6.80949%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>3.03</font></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding: 0px 0px 0px 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; width: 29.8393%;"><font style="font-family: 'times new roman', times;">Net interest expense / Adjusted EBITDA</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 1.22418%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 13px; width: 6.73298%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>0.23</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 13px; width: 7.49809%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;</font>n/a<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 13px; width: 7.5746%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;</font>n/a<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right; width: 1.14767%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 13px; width: 6.73298%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;</font>n/a<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right; width: 1.22418%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 6.73298%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>0.29</font></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 13px; width: 1.14767%;"></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 6.80949%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>0.25</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 13px; width: 7.72762%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;</font>n/a<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 13px; width: 7.5746%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;</font>n/a<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right; width: 1.14767%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 6.80949%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>0.08</font></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding: 0px 0px 0px 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; width: 29.8393%;"><font style="font-family: 'times new roman', times;">Gross margin (%)</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 1.22418%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td align="right" style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 6.73298%;"><font style="font-family: 'times new roman', times;">6.0%</font></td>
<td align="right" style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 7.49809%;"><font style="font-family: 'times new roman', times;">4.8%</font></td>
<td align="right" style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 7.5746%;"><font style="font-family: 'times new roman', times;">21.1%</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 1.14767%;"></td>
<td align="right" style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 6.73298%;"><font style="font-family: 'times new roman', times;">6.5%</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right; width: 1.22418%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td align="right" style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 6.73298%;"><font style="font-family: 'times new roman', times;">5.6%</font></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 1.14767%;"></td>
<td align="right" style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 6.80949%;"><font style="font-family: 'times new roman', times;">6.0%</font></td>
<td align="right" style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 7.72762%;"><font style="font-family: 'times new roman', times;">4.5%</font></td>
<td align="right" style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 7.5746%;"><font style="font-family: 'times new roman', times;">23.9%</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right; width: 1.14767%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td align="right" style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 6.80949%;"><font style="font-family: 'times new roman', times;">6.9%</font></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding: 0px 0px 0px 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; width: 29.8393%;"><font style="font-family: 'times new roman', times;">Operating margin (%)</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 1.22418%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td align="right" style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 6.73298%;"><font style="font-family: 'times new roman', times;">2.0%</font></td>
<td align="right" style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 7.49809%;"><font style="font-family: 'times new roman', times;">2.0%</font></td>
<td align="right" style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 7.5746%;"><font style="font-family: 'times new roman', times;">2.6%</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 1.14767%;"></td>
<td align="right" style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 6.73298%;"><font style="font-family: 'times new roman', times;">2.3%</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right; width: 1.22418%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td align="right" style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 6.73298%;"><font style="font-family: 'times new roman', times;">1.8%</font></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 1.14767%;"></td>
<td align="right" style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 6.80949%;"><font style="font-family: 'times new roman', times;">1.6%</font></td>
<td align="right" style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 7.72762%;"><font style="font-family: 'times new roman', times;">1.6%</font></td>
<td align="right" style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 7.5746%;"><font style="font-family: 'times new roman', times;">1.1%</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right; width: 1.14767%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td align="right" style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 6.80949%;"><font style="font-family: 'times new roman', times;">2.2%</font></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding: 0px 0px 0px 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; width: 29.8393%;"><font style="font-family: 'times new roman', times;">Adjusted EBITDA margin (%)</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 1.22418%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td align="right" style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 6.73298%;"><font style="font-family: 'times new roman', times;">3.5%</font></td>
<td align="right" style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 7.49809%;"><font style="font-family: 'times new roman', times;">3.0%</font></td>
<td align="right" style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 7.5746%;"><font style="font-family: 'times new roman', times;">9.5%</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 1.14767%;"></td>
<td align="right" style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 6.73298%;"><font style="font-family: 'times new roman', times;">4.1%</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right; width: 1.22418%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td align="right" style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 6.73298%;"><font style="font-family: 'times new roman', times;">3.2%</font></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 1.14767%;"></td>
<td align="right" style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 6.80949%;"><font style="font-family: 'times new roman', times;">3.1%</font></td>
<td align="right" style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 7.72762%;"><font style="font-family: 'times new roman', times;">2.7%</font></td>
<td align="right" style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 7.5746%;"><font style="font-family: 'times new roman', times;">8.1%</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right; width: 1.14767%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td align="right" style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 6.80949%;"><font style="font-family: 'times new roman', times;">4.3%</font></td>
</tr>
<tr style="height: 4px;">
<td height="6" style="height: 4px; padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 29.8393%;"></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 4px; width: 1.22418%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 4px; text-align: right; width: 6.73298%;"></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 4px; text-align: right; width: 7.49809%;"></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 4px; text-align: right; width: 7.5746%;"></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 4px; text-align: right; width: 1.14767%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 4px; text-align: right; width: 6.73298%;"></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 4px; text-align: right; width: 1.22418%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 4px; text-align: right; width: 6.73298%;"></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 4px; text-align: right; width: 1.14767%;"></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 4px; text-align: right; width: 6.80949%;"></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 4px; text-align: right; width: 7.72762%;"></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 4px; text-align: right; width: 7.5746%;"></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 4px; text-align: right; width: 1.14767%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 4px; text-align: right; width: 6.80949%;"></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding: 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; width: 29.8393%;"><font style="font-family: 'times new roman', times;">Number of employees</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 1.22418%;"></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 6.73298%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>16,442</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 7.49809%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>8,858</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 7.5746%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>7,584</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 1.14767%;"></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 6.73298%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>15,946</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right; width: 1.22418%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 6.73298%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>16,218</font></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 1.14767%;"></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 6.80949%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>16,442</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 7.72762%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>8,858</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 7.5746%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>7,584</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 1.14767%;"></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right; width: 6.80949%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>15,946</font></td>
</tr>

</table>
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;"><sup>1</sup> Includes amortization with contractual assets with customers &#8211; exclusive rights</font></p>
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;"><sup>2</sup> Includes property, plant and equipment and additions to intangible assets, contractual assets with customers (exclusive rights), initial direct costs of assets with right of use, financing of clients and rental advances (net of repayments) and acquisition of shareholdings</font></p>
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;"><sup>3</sup> LTM adjusted EBITDA does not include impairment of Extrafarma for 4Q21, 3Q21 and 2021 and capital gain from the sale of ConectCar for 4Q21 and 2021</font></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>187</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<table style="width: 100%; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt; height: 123px;">

<tr style="height: 106px;">
<td style="width: 50%; height: 106px; vertical-align: bottom; padding: 0px 0px 10px;" valign="bottom">
<p style="margin: 0cm 0cm 0.0001pt; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font lang="PT-BR" style="font-size: 14pt; font-family: 'times new roman', times; color: #051272;">4<sup>th</sup> QUARTER OF 2021</font></p>
</td>
<td style="width: 50%; height: 106px; vertical-align: bottom;" valign="bottom">
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: right;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><img src="imgf2017895b99f459581b2.jpg" alt="Image1"></font></p>
</td>
</tr>

</table>
<table border="0" cellpadding="0" cellspacing="0" width="100%" style="height: 1564px; border-collapse: collapse; width: 100%; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt;">

<tr style="height: 10px;">
<td colspan="6" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 10px;">ULTRAPAR</td>
</tr>
<tr style="height: 14px;">
<td colspan="6" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 14px;"><font style="font-family: 'times new roman', times;">CONSOLIDATED CASH FLOW</font></td>
</tr>
<tr style="height: 14px;">
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; height: 14px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; height: 14px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; height: 14px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; background: white; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; height: 14px;"></td>
</tr>
<tr style="height: 10px;">
<td height="72" style="border: 1pt solid #bfbfbf; height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: left; background: #f2f2f2; width: 61%;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp; </font>In million of Reais</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 10px; width: 2%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: normal; text-align: center; background: #f2f2f2; height: 10px; width: 12%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">JAN - DEC</font><br><font style="font-family: 'times new roman', times; font-size: 10pt;"><font class="font5">2021</font></font></td>
<td style="border-left: none; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #ffffff; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: 1pt solid #bfbfbf; border-right: 1pt solid #bfbfbf; border-bottom: 1pt solid #bfbfbf; border-image: initial; white-space: normal; text-align: center; background: #1f497d; height: 10px; width: 12%;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;</font>JAN - DEC</font><br><font style="font-family: 'times new roman', times; font-size: 10pt;">2021</font><br><font style="font-family: 'times new roman', times; font-size: 10pt;">(Financial Statements)<font style="font-size: 8pt;"><sup>1</sup></font><font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #ffffff; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; background: white; height: 10px; width: 1%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: normal; text-align: center; background: #f2f2f2; height: 10px; width: 12%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">JAN - DEC</font><br><font style="font-family: 'times new roman', times; font-size: 10pt;"><font class="font5">2020</font></font></td>
</tr>
<tr style="height: 10px;">
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 11pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; height: 10px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 11pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; background: white; height: 10px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 10px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 10px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 10px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 10px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap;"><font style="font-family: 'times new roman', times;">Cash flows from operating activities</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 14px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 14px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 14px;"></td>
</tr>
<tr style="height: 14px;">
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 14px;"><font style="font-family: 'times new roman', times; font-weight: bold;"> Net income for the period</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>883.9</font></td>
<td style="border-left: none; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: 1pt solid #bfbfbf; border-right: 1pt solid #bfbfbf; border-bottom: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>818.6</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>927.7</font></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap;"><font style="font-family: 'times new roman', times;">Adjustments to reconcile net income to cash provided by operating activities</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
</tr>
<tr style="height: 14px;">
<td style="padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; height: 14px; text-align: left;"><font style="font-family: 'times new roman', times;">Share of loss (profit) of subsidiaries, joint ventures and associates</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>17.6</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>17.6</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>43.6</font></td>
</tr>
<tr style="height: 14px;">
<td style="padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; height: 14px;"><font style="font-family: 'times new roman', times;">Amortization of contractual assets with customers - exclusive rights</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>282.5</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>282.5</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>289.4</font></td>
</tr>
<tr style="height: 14px;">
<td style="padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; height: 14px;"><font style="font-family: 'times new roman', times;">Amortization of right to use assets</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>359.5</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>260.7</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>328.3</font></td>
</tr>
<tr style="height: 14px;">
<td style="padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; height: 14px;"><font style="font-family: 'times new roman', times;">Depreciation and amortization</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,017.7</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>653.1</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>938.8</font></td>
</tr>
<tr style="height: 14px;">
<td style="padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; height: 14px;"><font style="font-family: 'times new roman', times;">PIS and COFINS credits on depreciation</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>18.2</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>7.1</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>15.7</font></td>
</tr>
<tr style="height: 13px;">
<td style="padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; height: 13px;"><font style="font-family: 'times new roman', times;">Interest and foreign exchange rate variations</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,436.8</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,133.9</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>904.9</font></td>
</tr>
<tr style="height: 14px;">
<td style="padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; height: 14px;"><font style="font-family: 'times new roman', times;">Deferred income and social contribution taxes</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(353.1)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(242.2)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(87.9)</font></td>
</tr>
<tr style="height: 14px;">
<td style="padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; height: 14px;"><font style="font-family: 'times new roman', times;">Current income and social contribution taxes</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>427.8</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>430.3</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>659.3</font></td>
</tr>
<tr style="height: 14px;">
<td style="padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; height: 14px;"><font style="font-family: 'times new roman', times;">(Gain) loss on disposal of property, plant and equipment and intangibles</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(183.2)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(184.2)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(76.2)</font></td>
</tr>
<tr style="height: 14px;">
<td style="padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; height: 14px;"><font style="font-family: 'times new roman', times;">Impairment</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>427.5</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>-<font style="mso-spacerun: yes;">&nbsp;&nbsp; </font></font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>-<font style="mso-spacerun: yes;">&nbsp;&nbsp; </font></font></td>
</tr>
<tr style="height: 14px;">
<td style="padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; height: 14px;"><font style="font-family: 'times new roman', times;">Expected losses on doubtful accounts</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(3.3)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(3.1)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>13.9</font></td>
</tr>
<tr style="height: 13px;">
<td style="padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; height: 13px;"><font style="font-family: 'times new roman', times;">Provision for losses in inventories</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>0.8</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(0.8)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>0.3</font></td>
</tr>
<tr style="height: 14px;">
<td style="padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; height: 14px;"><font style="font-family: 'times new roman', times;">Provision for post-employment benefits</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(2.6)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(2.4)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(23.0)</font></td>
</tr>
<tr style="height: 14px;">
<td style="padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; height: 14px;"><font style="font-family: 'times new roman', times;">Equity instrument granted</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>11.6</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>9.4</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>10.4</font></td>
</tr>
<tr style="height: 14px;">
<td style="padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; height: 14px;"><font style="font-family: 'times new roman', times;">Provision for decarbonization - CBIOs</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>161.3</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>161.3</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>124.3</font></td>
</tr>
<tr style="height: 13px;">
<td style="padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; height: 13px;"><font style="font-family: 'times new roman', times;">Provision for tax, civil, and labor risks</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>98.3</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>93.3</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>18.8</font></td>
</tr>
<tr style="height: 13px;">
<td style="padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; height: 13px;"><font style="font-family: 'times new roman', times;">Other provisions and adjustments</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1.9</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2.3</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(0.8)</font></td>
</tr>
<tr style="height: 8px;">
<td style="padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; background: white; height: 8px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 8px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 8px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 8px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial; vertical-align: bottom; border: none; white-space: nowrap; height: 8px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 8px; text-align: right;"></td>
</tr>
<tr style="height: 14px;">
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; background: white; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>4,603.4</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>3,437.4</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>4,087.8</font></td>
</tr>
<tr style="height: 8px;">
<td style="padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: left; background: white; height: 8px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 8px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 8px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 8px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial; vertical-align: bottom; border: none; white-space: nowrap; height: 8px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 8px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap;"><font style="font-family: 'times new roman', times;">(Increase) decrease in current assets</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
</tr>
<tr style="height: 14px;">
<td style="padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: left; height: 14px;"><font style="font-family: 'times new roman', times;">Trade receivables and reseller financing</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(1,081.6)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(968.8)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>209.5</font></td>
</tr>
<tr style="height: 14px;">
<td style="padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: left; height: 14px;"><font style="font-family: 'times new roman', times;">Inventories</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(2,317.4)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(1,626.7)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(125.0)</font></td>
</tr>
<tr style="height: 14px;">
<td style="padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: left; height: 14px;"><font style="font-family: 'times new roman', times;">Recoverable taxes</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(951.2)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(672.6)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(275.3)</font></td>
</tr>
<tr style="height: 14px;">
<td style="padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: left; height: 14px;"><font style="font-family: 'times new roman', times;">Dividends received from subsidiaries and joint-ventures</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1.0</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1.0</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>4.8</font></td>
</tr>
<tr style="height: 14px;">
<td style="padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: left; height: 14px;"><font style="font-family: 'times new roman', times;">Other receivables</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(27.2)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(24.4)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(20.2)</font></td>
</tr>
<tr style="height: 14px;">
<td style="padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: left; height: 14px;"><font style="font-family: 'times new roman', times;">Prepaid expenses</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(76.9)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(61.6)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(74.6)</font></td>
</tr>
<tr style="height: 8px;">
<td style="padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: left; height: 8px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 8px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 8px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 8px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial; vertical-align: bottom; border: none; white-space: nowrap; height: 8px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 8px; text-align: right;"></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap;"><font style="font-family: 'times new roman', times;">Increase (decrease) in current liabilities</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
</tr>
<tr style="height: 14px;">
<td style="padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: left; height: 14px;"><font style="font-family: 'times new roman', times;">Trade payables</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2,918.3</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2,425.8</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,147.5</font></td>
</tr>
<tr style="height: 14px;">
<td style="padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: left; height: 14px;"><font style="font-family: 'times new roman', times;">Salaries and related charges</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>84.3</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>63.1</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>63.0</font></td>
</tr>
<tr style="height: 14px;">
<td style="padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: left; height: 14px;"><font style="font-family: 'times new roman', times;">Income and social contribution taxes</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>12.8</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>11.7</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>16.1</font></td>
</tr>
<tr style="height: 14px;">
<td style="padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: left; height: 14px;"><font style="font-family: 'times new roman', times;">Post-employment benefits</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(2.7)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(2.8)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(1.9)</font></td>
</tr>
<tr style="height: 14px;">
<td style="padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: left; height: 14px;"><font style="font-family: 'times new roman', times;">Other payables</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(0.0)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(36.4)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>0.3</font></td>
</tr>
<tr style="height: 14px;">
<td style="padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: left; height: 14px;"><font style="font-family: 'times new roman', times;">Deferred revenue</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(11.7)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(10.6)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(9.3)</font></td>
</tr>
<tr style="height: 8px;">
<td style="padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: left; height: 8px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 8px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 8px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 8px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial; vertical-align: bottom; border: none; white-space: nowrap; height: 8px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 8px; text-align: right;"></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap;"><font style="font-family: 'times new roman', times;">(Increase) decrease in non-current assets</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
</tr>
<tr style="height: 14px;">
<td style="padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: left; height: 14px;"><font style="font-family: 'times new roman', times;">Trade receivables and reseller financing</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>12.0</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>12.0</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(73.0)</font></td>
</tr>
<tr style="height: 14px;">
<td style="padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: left; height: 14px;"><font style="font-family: 'times new roman', times;">Recoverable taxes</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>139.0</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(153.5)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(863.7)</font></td>
</tr>
<tr style="height: 14px;">
<td style="padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: left; height: 14px;"><font style="font-family: 'times new roman', times;">Escrow deposits</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>70.5</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(43.3)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(28.4)</font></td>
</tr>
<tr style="height: 14px;">
<td style="padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: left; height: 14px;"><font style="font-family: 'times new roman', times;">Other receivables</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>73.9</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>73.9</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(27.8)</font></td>
</tr>
<tr style="height: 14px;">
<td style="padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: left; height: 14px;"><font style="font-family: 'times new roman', times;">Prepaid expenses</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>41.3</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>36.0</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>15.0</font></td>
</tr>
<tr style="height: 8px;">
<td style="padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: left; height: 8px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 8px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 8px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 8px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial; vertical-align: bottom; border: none; white-space: nowrap; height: 8px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 8px; text-align: right;"></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap;"><font style="font-family: 'times new roman', times;">Increase (decrease) in non-current liabilities</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
</tr>
<tr style="height: 14px;">
<td style="padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: left; height: 14px;"><font style="font-family: 'times new roman', times;">Post-employment benefits</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>13.0</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>11.9</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>12.1</font></td>
</tr>
<tr style="height: 14px;">
<td style="padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: normal; text-align: left; height: 14px;"><font style="font-family: 'times new roman', times;">Provisions for tax, civil and labor risks</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>-<font style="mso-spacerun: yes;">&nbsp;&nbsp; </font></font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(0.0)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>-<font style="mso-spacerun: yes;">&nbsp;&nbsp; </font></font></td>
</tr>
<tr style="height: 14px;">
<td style="padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: left; height: 14px;"><font style="font-family: 'times new roman', times;">Other payables</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(16.3)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(17.2)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(49.3)</font></td>
</tr>
<tr style="height: 8px;">
<td style="padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: left; height: 8px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 8px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 8px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 8px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial; vertical-align: bottom; border: none; white-space: nowrap; height: 8px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 8px; text-align: right;"></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap;"><font style="font-family: 'times new roman', times;">CBIOs acquisition</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(176.8)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(176.8)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(125.3)</font></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap;"><font style="font-family: 'times new roman', times;">Payments of contractual assets with customers - exclusive rights</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(420.3)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(420.3)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(356.0)</font></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap;"><font style="font-family: 'times new roman', times;">Contingency payments</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(25.2)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(24.4)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(45.4)</font></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap;"><font style="font-family: 'times new roman', times;">Income and social contribution taxes paid</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(276.4)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(230.0)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(342.7)</font></td>
</tr>
<tr style="height: 8px;">
<td style="padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: left; height: 8px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 8px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 8px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 8px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial; vertical-align: bottom; border: none; white-space: nowrap; height: 8px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 8px; text-align: right;"></td>
</tr>
<tr style="height: 14px;">
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 14px;"><font style="font-family: 'times new roman', times; font-weight: bold;">Net cash provided by (used in) operating activities - continuing operations</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 14px;"><font style="font-family: 'times new roman', times; font-weight: bold;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times; font-weight: bold;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>-<font style="mso-spacerun: yes;">&nbsp;&nbsp; </font></font></td>
<td style="border-left: none; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: 1pt solid #bfbfbf; border-right: 1pt solid #bfbfbf; border-bottom: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times; font-weight: bold;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,603.4</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times; font-weight: bold;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>-<font style="mso-spacerun: yes;">&nbsp;&nbsp; </font></font></td>
</tr>
<tr style="height: 8px;">
<td style="padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: left; height: 8px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 8px;"><font style="font-family: 'times new roman', times; font-weight: bold;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 8px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 8px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial; vertical-align: bottom; border: none; white-space: nowrap; height: 8px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 8px; text-align: right;"></td>
</tr>
<tr style="height: 14px;">
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 14px;"><font style="font-family: 'times new roman', times; font-weight: bold;">Net cash provided by (used in) operating activities - discontinued operations</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 14px;"><font style="font-family: 'times new roman', times; font-weight: bold;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times; font-weight: bold;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>-<font style="mso-spacerun: yes;">&nbsp;&nbsp; </font></font></td>
<td style="border-left: none; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: 1pt solid #bfbfbf; border-right: 1pt solid #bfbfbf; border-bottom: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times; font-weight: bold;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>982.5</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times; font-weight: bold;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>-<font style="mso-spacerun: yes;">&nbsp;&nbsp; </font></font></td>
</tr>
<tr style="height: 8px;">
<td style="padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: left; height: 8px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 8px;"><font style="font-family: 'times new roman', times; font-weight: bold;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 8px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 8px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial; vertical-align: bottom; border: none; white-space: nowrap; height: 8px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 8px; text-align: right;"></td>
</tr>
<tr style="height: 14px;">
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 14px;"><font style="font-family: 'times new roman', times; font-weight: bold;">Net cash provided by (used in) operating activities</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2,586.0</font></td>
<td style="border-left: none; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: 1pt solid #bfbfbf; border-right: 1pt solid #bfbfbf; border-bottom: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2,586.0</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>3,138.1</font></td>
</tr>
<tr style="height: 8px;">
<td style="padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: left; height: 8px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 8px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 8px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 8px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial; vertical-align: bottom; border: none; white-space: nowrap; height: 8px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 8px; text-align: right;"></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap;"><font style="font-family: 'times new roman', times;">Cash flows from investing activities</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"></td>
</tr>
<tr style="height: 13px;">
<td style="padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: left; height: 13px;"><font style="font-family: 'times new roman', times;">Financial investments, net of redemptions</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2,027.5</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,863.1</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(1,116.8)</font></td>
</tr>
<tr style="height: 13px;">
<td style="padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: left; height: 13px;"><font style="font-family: 'times new roman', times;">Acquisition of property, plant and equipment</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(1,306.9)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(1,028.4)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(965.7)</font></td>
</tr>
<tr style="height: 13px;">
<td style="padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: left; height: 13px;"><font style="font-family: 'times new roman', times;">Acquisition of intangible assets</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(286.0)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(237.5)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(185.1)</font></td>
</tr>
<tr style="height: 13px;">
<td style="padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: left; height: 13px;"><font style="font-family: 'times new roman', times;">Proceeds from disposal of investments</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>159.7</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>159.7</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>-<font style="mso-spacerun: yes;">&nbsp;&nbsp; </font></font></td>
</tr>
<tr style="height: 13px;">
<td style="padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: left; height: 13px;"><font style="font-family: 'times new roman', times;">Capital increase in joint ventures</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(25.7)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(25.7)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(28.8)</font></td>
</tr>
<tr style="height: 13px;">
<td style="padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: left; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">Capital decrease in associates</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1.5</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1.5</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>-<font style="mso-spacerun: yes;">&nbsp;&nbsp; </font></font></td>
</tr>
<tr style="height: 13px;">
<td style="padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: left; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">Initial direct costs of right to use assets</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(14.9)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(14.9)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>-<font style="mso-spacerun: yes;">&nbsp;&nbsp; </font></font></td>
</tr>
<tr style="height: 13px;">
<td style="padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: left; height: 13px;"><font style="font-family: 'times new roman', times;">Related parties</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2.3</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2.3</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>-<font style="mso-spacerun: yes;">&nbsp;&nbsp; </font></font></td>
</tr>
<tr style="height: 14px;">
<td style="padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: left; height: 14px;"><font style="font-family: 'times new roman', times;">Proceeds from disposal of property, plant and equipment and intangibles</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>166.6</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>162.8</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>160.0</font></td>
</tr>
<tr style="height: 14px;">
<td style="padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: left; height: 14px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
</tr>
<tr style="height: 14px;">
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 14px;"><font style="font-family: 'times new roman', times; font-weight: bold;">Net cash provided by (used in) investing activities - continuing operations</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>-<font style="mso-spacerun: yes;">&nbsp;&nbsp; </font></font></td>
<td style="border-left: none; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: 1pt solid #bfbfbf; border-right: 1pt solid #bfbfbf; border-bottom: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>882.9</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>-<font style="mso-spacerun: yes;">&nbsp;&nbsp; </font></font></td>
</tr>
<tr style="height: 8px;">
<td style="padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: left; height: 8px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 8px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 8px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 8px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial; vertical-align: bottom; border: none; white-space: nowrap; height: 8px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 8px; text-align: right;"></td>
</tr>
<tr style="height: 14px;">
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 14px;"><font style="font-family: 'times new roman', times; font-weight: bold;">Net cash provided by (used in) investing activities - discontinued operations</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>-<font style="mso-spacerun: yes;">&nbsp;&nbsp; </font></font></td>
<td style="border-left: none; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: 1pt solid #bfbfbf; border-right: 1pt solid #bfbfbf; border-bottom: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(158.7)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>-<font style="mso-spacerun: yes;">&nbsp;&nbsp; </font></font></td>
</tr>
<tr style="height: 8px;">
<td style="padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: left; height: 8px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 8px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 8px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 8px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial; vertical-align: bottom; border: none; white-space: nowrap; height: 8px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 8px; text-align: right;"></td>
</tr>
<tr style="height: 14px;">
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 14px;"><font style="font-family: 'times new roman', times; font-weight: bold;">Net cash provided by (used in) investing activities</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>724.1</font></td>
<td style="border-left: none; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: 1pt solid #bfbfbf; border-right: 1pt solid #bfbfbf; border-bottom: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>724.1</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(2,136.4)</font></td>
</tr>
<tr style="height: 8px;">
<td style="padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: left; height: 8px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 8px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 8px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 8px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial; vertical-align: bottom; border: none; white-space: nowrap; height: 8px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 8px; text-align: right;"></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap;"><font style="font-family: 'times new roman', times;">Cash flows from financing activities</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
</tr>
<tr style="height: 14px;">
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; height: 14px;"><font style="font-family: 'times new roman', times;">Loans and debentures</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
</tr>
<tr style="height: 14px;">
<td style="padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: left; height: 14px;"><font style="font-family: 'times new roman', times;">Proceeds</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,462.2</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,383.6</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>3,591.6</font></td>
</tr>
<tr style="height: 14px;">
<td style="padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: left; height: 14px;"><font style="font-family: 'times new roman', times;">Repayments</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(2,922.2)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(2,426.2)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(2,795.0)</font></td>
</tr>
<tr style="height: 14px;">
<td style="padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: left; height: 14px;"><font style="font-family: 'times new roman', times;">Interest paid</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(749.0)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(733.8)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(740.9)</font></td>
</tr>
<tr style="height: 14px;">
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; height: 14px;"><font style="font-family: 'times new roman', times;">Payments of leases<font style="font-size: 8pt;"><sup>2</sup></font></font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(440.6)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(320.2)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(360.8)</font></td>
</tr>
<tr style="height: 14px;">
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; height: 14px;"><font style="font-family: 'times new roman', times;">Dividends paid</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(705.8)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(705.8)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(284.8)</font></td>
</tr>
<tr style="height: 13px;">
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; height: 13px;"><font style="font-family: 'times new roman', times;">Related parties</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(0.2)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(0.2)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(2.5)</font></td>
</tr>
<tr style="height: 8px;">
<td style="padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: left; height: 8px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 8px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 8px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 8px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial; vertical-align: bottom; border: none; white-space: nowrap; height: 8px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 8px; text-align: right;"></td>
</tr>
<tr style="height: 14px;">
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 14px;"><font style="font-family: 'times new roman', times; font-weight: bold;">Net cash provided by (used in) financing activities - continuing operations</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>-<font style="mso-spacerun: yes;">&nbsp;&nbsp; </font></font></td>
<td style="border-left: none; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: 1pt solid #bfbfbf; border-right: 1pt solid #bfbfbf; border-bottom: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(2,802.6)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>-<font style="mso-spacerun: yes;">&nbsp;&nbsp; </font></font></td>
</tr>
<tr style="height: 8px;">
<td style="padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: left; height: 8px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 8px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 8px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 8px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial; vertical-align: bottom; border: none; white-space: nowrap; height: 8px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 8px; text-align: right;"></td>
</tr>
<tr style="height: 14px;">
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 14px;"><font style="font-family: 'times new roman', times; font-weight: bold;">Net cash provided by (used in) financing activities - discontinued operations</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>-<font style="mso-spacerun: yes;">&nbsp;&nbsp; </font></font></td>
<td style="border-left: none; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: 1pt solid #bfbfbf; border-right: 1pt solid #bfbfbf; border-bottom: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(553.0)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>-<font style="mso-spacerun: yes;">&nbsp;&nbsp; </font></font></td>
</tr>
<tr style="height: 8px;">
<td style="padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: left; height: 8px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 8px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 8px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 8px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial; vertical-align: bottom; border: none; white-space: nowrap; height: 8px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 8px; text-align: right;"></td>
</tr>
<tr style="height: 14px;">
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 14px;"><font style="font-family: 'times new roman', times; font-weight: bold;">Net cash provided by (used in) financing activities</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(3,355.5)</font></td>
<td style="border-left: none; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: 1pt solid #bfbfbf; border-right: 1pt solid #bfbfbf; border-bottom: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(3,355.5)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(592.3)</font></td>
</tr>
<tr style="height: 8px;">
<td style="padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: left; height: 8px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 8px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 8px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 8px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial; vertical-align: bottom; border: none; white-space: nowrap; height: 8px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 8px; text-align: right;"></td>
</tr>
<tr style="height: 14px;">
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 14px;"><font style="font-family: 'times new roman', times; font-weight: bold;">Effect of exchange rate changes on cash and cash equivalents in foreign currency - continuing operations</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>-<font style="mso-spacerun: yes;">&nbsp;&nbsp; </font></font></td>
<td style="border-left: none; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: 1pt solid #bfbfbf; border-right: 1pt solid #bfbfbf; border-bottom: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(4.5)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>-<font style="mso-spacerun: yes;">&nbsp;&nbsp; </font></font></td>
</tr>
<tr style="height: 8px;">
<td style="padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: left; height: 8px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 8px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 8px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 8px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial; vertical-align: bottom; border: none; white-space: nowrap; height: 8px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 8px; text-align: right;"></td>
</tr>
<tr style="height: 14px;">
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 14px;"><font style="font-family: 'times new roman', times; font-weight: bold;">Effect of exchange rate changes on cash and cash equivalents in foreign currency - discontinued operations</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>-<font style="mso-spacerun: yes;">&nbsp;&nbsp; </font></font></td>
<td style="border-left: none; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: 1pt solid #bfbfbf; border-right: 1pt solid #bfbfbf; border-bottom: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>56.6</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>-<font style="mso-spacerun: yes;">&nbsp;&nbsp; </font></font></td>
</tr>
<tr style="height: 8px;">
<td style="padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: left; height: 8px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 8px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 8px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 8px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial; vertical-align: bottom; border: none; white-space: nowrap; height: 8px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 8px; text-align: right;"></td>
</tr>
<tr style="height: 14px;">
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 14px;"><font style="font-family: 'times new roman', times; font-weight: bold;">Effect of exchange rate changes on cash and cash equivalents in foreign currency</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>52.0</font></td>
<td style="border-left: none; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: 1pt solid #bfbfbf; border-right: 1pt solid #bfbfbf; border-bottom: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>52.0</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>136.7</font></td>
</tr>
<tr style="height: 8px;">
<td style="padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: left; height: 8px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 8px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 8px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 8px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial; vertical-align: bottom; border: none; white-space: nowrap; height: 8px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 8px; text-align: right;"></td>
</tr>
<tr style="height: 14px;">
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 14px;"><font style="font-family: 'times new roman', times; font-weight: bold;">Increase (decrease) in cash and cash equivalents - continuing operations</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>-<font style="mso-spacerun: yes;">&nbsp;&nbsp; </font></font></td>
<td style="border-left: none; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: 1pt solid #bfbfbf; border-right: 1pt solid #bfbfbf; border-bottom: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(320.8)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>-<font style="mso-spacerun: yes;">&nbsp;&nbsp; </font></font></td>
</tr>
<tr style="height: 8px;">
<td style="padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: left; height: 8px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 8px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 8px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 8px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial; vertical-align: bottom; border: none; white-space: nowrap; height: 8px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 8px; text-align: right;"></td>
</tr>
<tr style="height: 14px;">
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 14px;"><font style="font-family: 'times new roman', times; font-weight: bold;">Increase (decrease) in cash and cash equivalents - descontinued operations</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>-<font style="mso-spacerun: yes;">&nbsp;&nbsp; </font></font></td>
<td style="border-left: none; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: 1pt solid #bfbfbf; border-right: 1pt solid #bfbfbf; border-bottom: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>327.4</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>-<font style="mso-spacerun: yes;">&nbsp;&nbsp; </font></font></td>
</tr>
<tr style="height: 8px;">
<td style="padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: left; height: 8px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 8px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 8px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 8px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial; vertical-align: bottom; border: none; white-space: nowrap; height: 8px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 8px; text-align: right;"></td>
</tr>
<tr style="height: 14px;">
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 14px;"><font style="font-family: 'times new roman', times; font-weight: bold;">Increase (decrease) in cash and cash equivalents</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>6.6</font></td>
<td style="border-left: none; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: 1pt solid #bfbfbf; border-right: 1pt solid #bfbfbf; border-bottom: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>6.6</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>546.1</font></td>
</tr>
<tr style="height: 8px;">
<td style="padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: left; height: 8px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 8px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 8px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 8px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial; vertical-align: bottom; border: none; white-space: nowrap; height: 8px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 8px; text-align: right;"></td>
</tr>
<tr style="height: 14px;">
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 14px;"><font style="font-family: 'times new roman', times; font-weight: bold;">Cash and cash equivalents at the beginning of the period</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2,661.5</font></td>
<td style="border-left: none; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: 1pt solid #bfbfbf; border-right: 1pt solid #bfbfbf; border-bottom: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2,661.5</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2,115.4</font></td>
</tr>
<tr style="height: 8px;">
<td style="padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: left; height: 8px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 8px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 8px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 8px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial; vertical-align: bottom; border: none; white-space: nowrap; height: 8px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 8px; text-align: right;"></td>
</tr>
<tr style="height: 14px;">
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 14px;"><font style="font-family: 'times new roman', times; font-weight: bold;">Cash and cash equivalents at the end of the period - continuing operations</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>-<font style="mso-spacerun: yes;">&nbsp;&nbsp; </font></font></td>
<td style="border-left: none; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: 1pt solid #bfbfbf; border-right: 1pt solid #bfbfbf; border-bottom: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2,280.1</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>-<font style="mso-spacerun: yes;">&nbsp;&nbsp; </font></font></td>
</tr>
<tr style="height: 8px;">
<td style="padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: left; height: 8px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 8px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 8px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 8px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial; vertical-align: bottom; border: none; white-space: nowrap; height: 8px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 8px; text-align: right;"></td>
</tr>
<tr style="height: 14px;">
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 14px;"><font style="font-family: 'times new roman', times; font-weight: bold;">Cash and cash equivalents at the end of the period - descontinued operations</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>-<font style="mso-spacerun: yes;">&nbsp;&nbsp; </font></font></td>
<td style="border-left: none; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: 1pt solid #bfbfbf; border-right: 1pt solid #bfbfbf; border-bottom: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>388.0</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>-<font style="mso-spacerun: yes;">&nbsp;&nbsp; </font></font></td>
</tr>
<tr style="height: 8px;">
<td style="padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: left; height: 8px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 8px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 8px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 8px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial; vertical-align: bottom; border: none; white-space: nowrap; height: 8px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 8px; text-align: right;"></td>
</tr>
<tr style="height: 14px;">
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 14px;"><font style="font-family: 'times new roman', times; font-weight: bold;">Cash and cash equivalents at the end of the period</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2,668.1</font></td>
<td style="border-left: none; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: 1pt solid #bfbfbf; border-right: 1pt solid #bfbfbf; border-bottom: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2,668.1</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2,661.5</font></td>
</tr>
<tr style="height: 14px;">
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; height: 14px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap;"><font style="font-family: 'times new roman', times;">Transactions without cash effect:</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
</tr>
<tr style="height: 6px;">
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; height: 6px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 6px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 6px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 6px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial; vertical-align: bottom; border: none; white-space: nowrap; height: 6px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 6px; text-align: right;"></td>
</tr>
<tr style="height: 15px;">
<td height="21" style="height: 15px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap;"><font style="font-family: 'times new roman', times;">Addition on right to use assets and leases payable</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 15px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>292.4</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>228.0</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial; vertical-align: bottom; border: none; white-space: nowrap; height: 15px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>484.1</font></td>
</tr>
<tr style="height: 15px;">
<td height="21" style="height: 15px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap;"><font style="font-family: 'times new roman', times;">Addition on contractual assets with costumers - exclusive rights</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 15px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>269.7</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>269.7</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial; vertical-align: bottom; border: none; white-space: nowrap; height: 15px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>193.0</font></td>
</tr>
<tr style="height: 15px;">
<td height="21" style="height: 15px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap;"><font style="font-family: 'times new roman', times;">Reversion fund - private pension</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 15px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>3.7</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2.7</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial; vertical-align: bottom; border: none; white-space: nowrap; height: 15px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>47.1</font></td>
</tr>
<tr style="height: 15px;">
<td height="21" style="height: 15px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap;"><font style="font-family: 'times new roman', times;">Issuance of shares related to the subscription warrants - indemnification - Extrafarma acquisition</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 15px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1.8</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1.8</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial; vertical-align: bottom; border: none; white-space: nowrap; height: 15px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;54.8</font></font></td>
</tr>

</table>
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;"><sup>1</sup> As disclosed on the Financial Statements for the year</font></p>
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;"><sup>2</sup> Includes R$ 29 million related to the grant of Ultracargo's terminal in Vila do Conde in 1Q21 and R$ 14 million related to the grant of Ipiranga's terminal in Bel&#233;m in 3Q21</font></p>
<p style="margin: 0pt;"><br></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>188</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<table style="width: 100%; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt; height: 123px;">

<tr style="height: 106px;">
<td style="width: 50%; height: 106px; vertical-align: bottom; padding: 0px 0px 10px;" valign="bottom">
<p style="margin: 0cm 0cm 0.0001pt; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font lang="PT-BR" style="font-size: 14pt; font-family: 'times new roman', times; color: #051272;">4<sup>th</sup> QUARTER OF 2021</font></p>
</td>
<td style="width: 50%; height: 106px; vertical-align: bottom;" valign="bottom">
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: right;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><img src="imgf2017895b99f459581b2.jpg" alt="Image1"></font></p>
</td>
</tr>

</table>
<table border="0" cellpadding="0" cellspacing="0" width="80%" style="height: 315px; border-collapse: collapse; width: 80%; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt;">

<tr style="height: 13px;">
<td colspan="7" height="18" style="height: 13px; width: 814.656px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">ULTRAGAZ</font></td>
</tr>
<tr style="height: 13px;">
<td colspan="7" height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; width: 814.656px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">CONSOLIDATED BALANCE SHEET</font></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 505.922px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 13px; width: 9.84375px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 90.3125px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 9.75px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 90.3125px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 13px; width: 9.84375px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 86.6719px;"></td>
</tr>
<tr style="height: 10px;">
<td height="38" style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: left; background: #f2f2f2; width: 505.109px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp; </font>In million of Reais</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; background: white; height: 10px; width: 8.53125px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="width: 89px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: normal; text-align: center; background: #f2f2f2; height: 10px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;</font>DEC 21<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 10px; width: 8.4375px;"></td>
<td style="width: 89px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: normal; text-align: center; background: #f2f2f2; height: 10px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;</font>DEC 20<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; background: white; height: 10px; width: 8.53125px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: center; background: #f2f2f2; height: 10px; width: 85.8594px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;</font>SEP 21<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
</tr>
<tr style="height: 9px;">
<td height="12" style="height: 9px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; width: 505.922px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 9px; width: 9.84375px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; height: 9px; width: 90.3125px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 9px; width: 9.75px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; height: 9px; width: 90.3125px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 9px; width: 9.84375px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; height: 9px; width: 86.6719px;"></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10.5pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 505.922px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">OPERATING ASSETS</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; width: 9.84375px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; width: 90.3125px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; width: 9.75px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; width: 90.3125px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; width: 9.84375px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; width: 86.6719px;"></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; width: 494.922px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Trade receivables</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 9.84375px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 90.3125px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>493.8</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 9.75px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 90.3125px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>369.1</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 9.84375px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 86.6719px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>472.4</font></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; width: 494.922px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Non-current trade receivables</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 9.84375px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 90.3125px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>31.7</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 9.75px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 90.3125px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>30.6</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 9.84375px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 86.6719px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>29.9</font></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; width: 494.922px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Inventories</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 9.84375px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 90.3125px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>184.8</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 9.75px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 90.3125px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>139.0</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 9.84375px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 86.6719px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>177.3</font></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; width: 494.922px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Taxes</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 9.84375px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 90.3125px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>87.6</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 9.75px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 90.3125px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>102.2</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 9.84375px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 86.6719px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>86.0</font></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; width: 494.922px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Escrow deposits</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 9.84375px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 90.3125px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>217.4</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 9.75px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 90.3125px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>214.4</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 9.84375px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 86.6719px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>220.0</font></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; width: 494.922px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Other</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 9.84375px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 90.3125px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>71.1</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 9.75px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 90.3125px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>79.7</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 9.84375px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 86.6719px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>79.1</font></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; width: 494.922px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Right to use assets</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 9.84375px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 90.3125px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>92.2</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 9.75px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 90.3125px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>110.7</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 9.84375px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 86.6719px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>89.4</font></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; width: 494.922px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Property, plant and equipment / Intangibles</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 9.84375px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 90.3125px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,205.3</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 9.75px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 90.3125px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,082.6</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 9.84375px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 86.6719px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,181.2</font></td>
</tr>
<tr style="height: 5px;">
<td height="7" style="height: 5px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 505.922px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; width: 9.84375px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; width: 90.3125px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; width: 9.75px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; width: 90.3125px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; width: 9.84375px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; width: 86.6719px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
</tr>
<tr style="height: 15px;">
<td height="20" style="height: 15px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: left; background: #f2f2f2; width: 505.109px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">TOTAL OPERATING ASSETS</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 15px; width: 8.53125px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 15px; width: 89px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2,383.9</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 15px; width: 8.4375px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 15px; width: 89px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2,128.3</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 15px; width: 8.53125px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 15px; width: 85.8594px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2,335.2</font></td>
</tr>
<tr style="height: 9px;">
<td height="13" style="height: 9px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; width: 505.922px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 9px; width: 9.84375px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 9px; width: 90.3125px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 9px; width: 9.75px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 9px; width: 90.3125px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 9px; width: 9.84375px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 9px; width: 86.6719px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10.5pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 505.922px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">OPERATING LIABILITIES</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; width: 9.84375px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; width: 90.3125px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; width: 9.75px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; width: 90.3125px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; width: 9.84375px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; width: 86.6719px; text-align: right;"></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; width: 494.922px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Suppliers</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 9.84375px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 90.3125px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>154.4</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 9.75px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 90.3125px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>103.4</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 9.84375px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 86.6719px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>119.5</font></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; width: 494.922px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Salaries and related charges</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 9.84375px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 90.3125px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>87.2</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 9.75px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 90.3125px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>81.5</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 9.84375px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 86.6719px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>99.0</font></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; width: 494.922px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Taxes</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 9.84375px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 90.3125px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>15.9</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 9.75px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 90.3125px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>24.6</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 9.84375px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 86.6719px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>15.8</font></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; width: 494.922px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Judicial provisions</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 9.84375px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 90.3125px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>122.2</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 9.75px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 90.3125px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>128.4</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 9.84375px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 86.6719px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>124.2</font></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; width: 494.922px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Leases payable</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 9.84375px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 90.3125px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>130.3</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 9.75px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 90.3125px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>150.3</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 9.84375px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 86.6719px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>141.4</font></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; width: 494.922px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Other</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 9.84375px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 90.3125px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>44.9</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 9.75px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 90.3125px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>79.3</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 9.84375px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 86.6719px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>53.9</font></td>
</tr>
<tr style="height: 5px;">
<td height="7" style="height: 5px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 505.922px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; width: 9.84375px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; width: 90.3125px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; width: 9.75px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; width: 90.3125px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; width: 9.84375px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; width: 86.6719px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: left; background: #f2f2f2; width: 505.109px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">TOTAL OPERATING LIABILITIES</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 8.53125px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 13px; width: 89px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>554.9</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 8.4375px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 13px; width: 89px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>567.6</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 8.53125px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 13px; width: 85.8594px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>553.8</font></td>
</tr>

</table>
<p style="margin: 0pt;"><br></p>
<table border="0" cellpadding="0" cellspacing="0" width="100%" style="border-collapse: collapse; width: 100%; margin-left: 0.1px; height: 332px; font-family: 'times new roman'; font-size: 10pt;">

<tr style="height: 13px;">
<td colspan="11" height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white;"><font style="font-family: 'times new roman', times; font-size: 10pt;">CONSOLIDATED INCOME STATEMENT</font></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
</tr>
<tr style="height: 10px;">
<td height="37" style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: left; background: #f2f2f2; width: 50%;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp; </font>In million of Reais<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; background: white; height: 10px; width: 1.3%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: 1pt solid #bfbfbf; border-right: none; border-bottom: 1pt solid #bfbfbf; border-left: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; text-align: center; background: #f2f2f2; height: 10px; width: 8.7%;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;</font>4Q21<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-right: 1pt solid #bfbfbf; border-bottom: none; border-left: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; text-align: center; height: 10px; width: 1.3%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="border-left: none; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: 1pt solid #bfbfbf; border-right: 1pt solid #bfbfbf; border-bottom: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; text-align: center; background: #f2f2f2; height: 10px; width: 8.7%;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;</font>4Q20<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; background: white; height: 10px; width: 1.3%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: center; background: #f2f2f2; height: 10px; width: 8.7%;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;</font>3Q21<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; background: white; height: 10px; width: 1.3%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: center; background: #f2f2f2; height: 10px; width: 8.7%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2021</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; background: white; height: 10px; width: 1.3%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: center; background: #f2f2f2; height: 10px; width: 8.7%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2020</font></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; background: white; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: left; background: #f2f2f2;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Net revenues</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: 1pt solid #bfbfbf; border-right: none; border-bottom: 1pt solid #bfbfbf; border-left: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2; text-align: right; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2,681.7</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-right: 1pt solid #bfbfbf; border-bottom: none; border-left: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; text-align: right; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="border-left: none; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: 1pt solid #bfbfbf; border-right: 1pt solid #bfbfbf; border-bottom: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2; text-align: right; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,968.6</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; text-align: right; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; text-align: right; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2,679.5</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; text-align: right; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; text-align: right; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>9,744.7</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; text-align: right; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; text-align: right; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>7,408.3</font></td>
</tr>
<tr style="height: 5px;">
<td height="7" style="height: 5px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 5px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 5px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 5px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; text-align: right; height: 5px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 5px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; text-align: right; height: 5px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 5px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; text-align: right; height: 5px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 5px;"></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Cost of products sold</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(2,346.3)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(1,708.1)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; text-align: right; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(2,352.7)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; text-align: right; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(8,626.3)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; text-align: right; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(6,310.2)</font></td>
</tr>
<tr style="height: 5px;">
<td height="7" style="height: 5px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 5px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 5px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 5px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; text-align: right; height: 5px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 5px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; text-align: right; height: 5px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 5px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; text-align: right; height: 5px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 5px;"></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: left; background: #f2f2f2;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Gross profit</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: 1pt solid #bfbfbf; border-right: none; border-bottom: 1pt solid #bfbfbf; border-left: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2; text-align: right; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>335.4</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-right: 1pt solid #bfbfbf; border-bottom: none; border-left: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; text-align: right; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="border-left: none; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: 1pt solid #bfbfbf; border-right: 1pt solid #bfbfbf; border-bottom: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2; text-align: right; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>260.5</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; text-align: right; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; text-align: right; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>326.8</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; text-align: right; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; text-align: right; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,118.3</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; text-align: right; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; text-align: right; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,098.2</font></td>
</tr>
<tr style="height: 5px;">
<td height="7" style="height: 5px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 5px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 5px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 5px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; text-align: right; height: 5px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 5px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; text-align: right; height: 5px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 5px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; text-align: right; height: 5px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 5px;"></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Operating expenses</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; text-align: right; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; text-align: right; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; text-align: right; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 13px;"></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>Selling</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(129.9)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(108.2)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; text-align: right; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(120.8)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; text-align: right; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(459.2)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; text-align: right; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(423.3)</font></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>General and administrative</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(51.3)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(62.7)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; text-align: right; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(53.1)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; text-align: right; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(202.0)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; text-align: right; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(196.9)</font></td>
</tr>
<tr style="height: 5px;">
<td height="7" style="height: 5px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 5px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 5px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 5px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; text-align: right; height: 5px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 5px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; text-align: right; height: 5px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 5px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; text-align: right; height: 5px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 5px;"></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Other operating income</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>0.7</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1.1</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; text-align: right; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2.9</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; text-align: right; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>11.0</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; text-align: right; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>8.3</font></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Gain (loss) on disposal of property, plant and equipment and intangibles</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(0.4)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2.1</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; text-align: right; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(0.4)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; text-align: right; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2.1</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; text-align: right; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>8.0</font></td>
</tr>
<tr style="height: 5px;">
<td height="7" style="height: 5px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 5px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 5px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 5px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; text-align: right; height: 5px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 5px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; text-align: right; height: 5px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 5px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; text-align: right; height: 5px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 5px;"></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: left; background: #f2f2f2;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Operating income (loss)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: 1pt solid #bfbfbf; border-right: none; border-bottom: 1pt solid #bfbfbf; border-left: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2; text-align: right; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>154.4</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-right: 1pt solid #bfbfbf; border-bottom: none; border-left: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; text-align: right; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="border-left: none; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: 1pt solid #bfbfbf; border-right: 1pt solid #bfbfbf; border-bottom: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2; text-align: right; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>92.9</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; text-align: right; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; text-align: right; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>155.3</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; text-align: right; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; text-align: right; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>470.3</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; text-align: right; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; text-align: right; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>494.3</font></td>
</tr>
<tr style="height: 5px;">
<td height="7" style="height: 5px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 5px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 5px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 5px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; text-align: right; height: 5px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 5px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; text-align: right; height: 5px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 5px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; text-align: right; height: 5px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 5px;"></td>
</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Share of profit of subsidiaries, joint ventures and associates</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(0.1)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 12px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(0.0)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; text-align: right; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(0.0)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; text-align: right; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(0.1)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; text-align: right; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(0.1)</font></td>
</tr>
<tr style="height: 5px;">
<td height="7" style="height: 5px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 5px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 5px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 5px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; text-align: right; height: 5px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 5px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; text-align: right; height: 5px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 5px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; text-align: right; height: 5px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 5px;"></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Adjusted EBITDA</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: 1pt solid #bfbfbf; border-right: none; border-bottom: 1pt solid #bfbfbf; border-left: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2; text-align: right; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>222.0</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-right: 1pt solid #bfbfbf; border-bottom: none; border-left: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; text-align: right; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="border-left: none; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: 1pt solid #bfbfbf; border-right: 1pt solid #bfbfbf; border-bottom: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2; text-align: right; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>154.4</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; text-align: right; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; text-align: right; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>220.5</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; text-align: right; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; text-align: right; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>729.3</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; text-align: right; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; text-align: right; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>729.1</font></td>
</tr>
<tr style="height: 5px;">
<td height="7" style="height: 5px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 5px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 5px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 5px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; text-align: right; height: 5px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 5px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; text-align: right; height: 5px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 5px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; text-align: right; height: 5px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 5px;"></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Depreciation and amortization<font style="font-size: 8pt;"><sup>1</sup></font></font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>67.8</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>61.5</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; text-align: right; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>65.1</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; text-align: right; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>259.1</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; text-align: right; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>234.9</font></td>
</tr>
<tr style="height: 5px;">
<td height="7" style="height: 5px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 5px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 5px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 5px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; text-align: right; height: 5px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 5px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; text-align: right; height: 5px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 5px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 5px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 5px;"></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Ratios</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 13px;"></td>
</tr>
<tr style="height: 5px;">
<td height="6" style="height: 5px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 5px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 5px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 5px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; text-align: right; height: 5px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 5px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; text-align: right; height: 5px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 5px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 5px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 5px;"></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp; </font>Gross margin (R$/ton)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>805</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>612</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; text-align: right; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>721</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; text-align: right; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>652</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>634</font></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp; </font>Operating margin (R$/ton)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>371</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>218</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; text-align: right; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>343</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; text-align: right; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>274</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>285</font></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp; </font>Adjusted EBITDA margin (R$/ton)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>533</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>363</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; text-align: right; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>486</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; text-align: right; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>425</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>421</font></td>
</tr>
<tr style="height: 5px;">
<td height="7" style="height: 5px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 8pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; background: white;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 8pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; background: white; height: 5px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 8pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; background: white; text-align: right; height: 5px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 8pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; text-align: right; height: 5px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 8pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; background: white; text-align: right; height: 5px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 8pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; background: white; text-align: right; height: 5px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 8pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; background: white; text-align: right; height: 5px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 8pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; background: white; text-align: right; height: 5px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 8pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; background: white; text-align: right; height: 5px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 5px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 8pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; background: white; text-align: right; height: 5px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Number of employees</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>3,387</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>3,397</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>3,409</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>3,387</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>3,397</font></td>
</tr>

</table>
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;"><br></font></p>
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;"><sup>1</sup> Includes amortization with contractual assets with customers - exclusive rights</font></p>
<p style="margin: 0pt;"><br></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>189</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<table style="width: 100%; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt; height: 123px;">

<tr style="height: 106px;">
<td style="width: 50%; height: 106px; vertical-align: bottom; padding: 0px 0px 10px;" valign="bottom">
<p style="margin: 0cm 0cm 0.0001pt; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font lang="PT-BR" style="font-size: 14pt; font-family: 'times new roman', times; color: #051272;">4<sup>th</sup> QUARTER OF 2021</font></p>
</td>
<td style="width: 50%; height: 106px; vertical-align: bottom;" valign="bottom">
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: right;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><img src="imgf2017895b99f459581b2.jpg" alt="Image1"></font></p>
</td>
</tr>

</table>
<table border="0" cellpadding="0" cellspacing="0" width="80%" style="border-collapse: collapse; width: 80%; margin-left: 0.1px; height: 289px; font-family: 'times new roman'; font-size: 10pt;">

<tr style="height: 13px;">
<td colspan="7" height="18" width="818" style="height: 13px; width: 614pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center;"><font style="font-family: 'times new roman', times;">ULTRACARGO</font></td>
</tr>
<tr style="height: 13px;">
<td colspan="7" height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white;"><font style="font-family: 'times new roman', times;">CONSOLIDATED BALANCE SHEET</font></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px;"></td>
</tr>
<tr style="height: 10px;">
<td height="37" style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: left; background: #f2f2f2;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp; </font>In million of Reais</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; background: white; height: 10px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td width="89" style="width: 67pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: normal; text-align: center; background: #f2f2f2; height: 10px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;</font>DEC 21<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td style="border-left: none; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-right: 1pt solid #bfbfbf; border-bottom: none; border-image: initial; white-space: nowrap; text-align: center; height: 10px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td width="89" style="border-left: none; width: 67pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: 1pt solid #bfbfbf; border-right: 1pt solid #bfbfbf; border-bottom: 1pt solid #bfbfbf; border-image: initial; white-space: normal; text-align: center; background: #f2f2f2; height: 10px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;</font>DEC 20<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; background: white; height: 10px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: center; background: #f2f2f2; height: 10px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;</font>SEP 21<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
</tr>
<tr style="height: 9px;">
<td height="12" style="height: 9px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 9px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; height: 9px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 9px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; height: 9px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 9px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; height: 9px;"></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10.5pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"><font style="font-family: 'times new roman', times;">OPERATING ASSETS</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><font style="font-family: 'times new roman', times;">Trade receivables</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>18.3</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>32.2</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>25.3</font></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><font style="font-family: 'times new roman', times;">Inventories</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>8.8</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>7.8</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>8.7</font></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><font style="font-family: 'times new roman', times;">Taxes</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>15.8</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>21.7</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>24.1</font></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><font style="font-family: 'times new roman', times;">Other</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>20.3</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>31.0</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>23.8</font></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><font style="font-family: 'times new roman', times;">Right to use assets</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>491.1</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>468.1</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>536.8</font></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><font style="font-family: 'times new roman', times;">Property, plant and equipment / Intangibles / Investments</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,710.4</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,463.5</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,659.9</font></td>
</tr>
<tr style="height: 5px;">
<td height="7" style="height: 5px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
</tr>
<tr style="height: 15px;">
<td height="20" style="height: 15px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: left; background: #f2f2f2;"><font style="font-family: 'times new roman', times;">TOTAL OPERATING ASSETS</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 15px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: 1pt solid #bfbfbf; border-right: none; border-bottom: 1pt solid #bfbfbf; border-left: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2,264.8</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-right: 1pt solid #bfbfbf; border-bottom: none; border-left: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="border-left: none; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: 1pt solid #bfbfbf; border-right: 1pt solid #bfbfbf; border-bottom: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2,024.2</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2,278.7</font></td>
</tr>
<tr style="height: 9px;">
<td height="13" style="height: 9px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 9px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 9px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 9px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 9px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 9px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 9px; text-align: right;"></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10.5pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"><font style="font-family: 'times new roman', times;">OPERATING LIABILITIES</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><font style="font-family: 'times new roman', times;">Suppliers</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>42.1</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>81.3</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>44.9</font></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><font style="font-family: 'times new roman', times;">Salaries and related charges</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>45.9</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>39.1</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>44.6</font></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><font style="font-family: 'times new roman', times;">Taxes</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>7.8</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>8.1</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>5.2</font></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><font style="font-family: 'times new roman', times;">Judicial provisions</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>9.5</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>10.0</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>10.1</font></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><font style="font-family: 'times new roman', times;">Leases payable</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>442.7</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>437.5</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>481.4</font></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><font style="font-family: 'times new roman', times;">Other<font style="font-size: 8pt;"><sup>1</sup></font></font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>56.7</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>95.3</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>61.0</font></td>
</tr>
<tr style="height: 5px;">
<td height="7" style="height: 5px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: left; background: #f2f2f2;"><font style="font-family: 'times new roman', times;">TOTAL OPERATING LIABILITIES</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: 1pt solid #bfbfbf; border-right: none; border-bottom: 1pt solid #bfbfbf; border-left: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>604.6</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-right: 1pt solid #bfbfbf; border-bottom: none; border-left: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="border-left: none; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: 1pt solid #bfbfbf; border-right: 1pt solid #bfbfbf; border-bottom: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>671.3</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>647.3</font></td>
</tr>

</table>
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;"><br></font></p>
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;"><sup>&nbsp;1</sup> Includes the long term obligations with clients account</font></p>
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<table border="0" cellpadding="0" cellspacing="0" width="100%" style="border-collapse: collapse; width: 100%; margin-left: 0.1px; height: 326px; font-family: 'times new roman'; font-size: 10pt;">

<tr style="height: 13px;">
<td colspan="11" height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white;"><font style="font-family: 'times new roman', times;">CONSOLIDATED INCOME STATEMENT</font></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
</tr>
<tr style="height: 10px;">
<td height="37" style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: left; background: #f2f2f2;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp; </font>In million of Reais<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; background: white; height: 10px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: 1pt solid #bfbfbf; border-right: none; border-bottom: 1pt solid #bfbfbf; border-left: 1pt solid #bfbfbf; border-image: initial; white-space: normal; text-align: center; background: #f2f2f2; height: 10px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;</font>4Q21<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-right: 1pt solid #bfbfbf; border-bottom: none; border-left: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; text-align: center; height: 10px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="border-left: none; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: 1pt solid #bfbfbf; border-right: 1pt solid #bfbfbf; border-bottom: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; text-align: center; background: #f2f2f2; height: 10px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;</font>4Q20<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; background: white; height: 10px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: center; background: #f2f2f2; height: 10px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;</font>3Q21<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; background: white; height: 10px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: center; background: #f2f2f2; height: 10px;"><font style="font-family: 'times new roman', times;">2021</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; background: white; height: 10px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: center; background: #f2f2f2; height: 10px;"><font style="font-family: 'times new roman', times;">2020</font></td>
</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 12px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; background: white; height: 12px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 12px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 12px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 12px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 12px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 12px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 12px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 12px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 12px;"></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: left; background: #f2f2f2;"><font style="font-family: 'times new roman', times;">Net revenues</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: 1pt solid #bfbfbf; border-right: none; border-bottom: 1pt solid #bfbfbf; border-left: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>187.4</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-right: 1pt solid #bfbfbf; border-bottom: none; border-left: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="border-left: none; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: 1pt solid #bfbfbf; border-right: 1pt solid #bfbfbf; border-bottom: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>166.0</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>177.8</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>713.1</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>644.2</font></td>
</tr>
<tr style="height: 5px;">
<td height="6" style="height: 5px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><font style="font-family: 'times new roman', times;">Cost of services provided</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(77.7)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(73.8)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(69.2)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(285.4)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(270.0)</font></td>
</tr>
<tr style="height: 5px;">
<td height="7" style="height: 5px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: left; background: #f2f2f2;"><font style="font-family: 'times new roman', times;">Gross profit</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: 1pt solid #bfbfbf; border-right: none; border-bottom: 1pt solid #bfbfbf; border-left: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>109.7</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-right: 1pt solid #bfbfbf; border-bottom: none; border-left: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="border-left: none; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: 1pt solid #bfbfbf; border-right: 1pt solid #bfbfbf; border-bottom: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>92.1</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>108.7</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>427.7</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>374.2</font></td>
</tr>
<tr style="height: 5px;">
<td height="7" style="height: 5px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><font style="font-family: 'times new roman', times;">Operating expenses</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>Selling</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(2.9)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(1.8)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(2.2)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(9.1)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(6.9)</font></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>General and administrative</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(33.2)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(32.2)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(30.5)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(127.1)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(123.0)</font></td>
</tr>
<tr style="height: 5px;">
<td height="7" style="height: 5px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><font style="font-family: 'times new roman', times;">Other operating income</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(0.2)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(2.3)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>0.8</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>3.9</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>8.9</font></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><font style="font-family: 'times new roman', times;">Gain (loss) on disposal of property,plant and equipment and intangibles</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(1.8)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(1.0)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(0.0)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(1.8)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(1.4)</font></td>
</tr>
<tr style="height: 5px;">
<td height="7" style="height: 5px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
</tr>
<tr style="height: 15px;">
<td height="21" style="height: 15px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: left; background: #f2f2f2;"><font style="font-family: 'times new roman', times;">Operating income (loss)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 15px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: 1pt solid #bfbfbf; border-right: none; border-bottom: 1pt solid #bfbfbf; border-left: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>71.7</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-right: 1pt solid #bfbfbf; border-bottom: none; border-left: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="border-left: none; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: 1pt solid #bfbfbf; border-right: 1pt solid #bfbfbf; border-bottom: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>54.8</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>76.7</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>293.6</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>251.8</font></td>
</tr>
<tr style="height: 5px;">
<td height="7" style="height: 5px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><font style="font-family: 'times new roman', times;">Share of profit of subsidiaries, joint ventures and associates</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(0.1)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(0.2)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>0.1</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>0.6</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>0.4</font></td>
</tr>
<tr style="height: 5px;">
<td height="7" style="height: 5px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: left; background: #f2f2f2;"><font style="font-family: 'times new roman', times;">EBITDA</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: 1pt solid #bfbfbf; border-right: none; border-bottom: 1pt solid #bfbfbf; border-left: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>101.2</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-right: 1pt solid #bfbfbf; border-bottom: none; border-left: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="border-left: none; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: 1pt solid #bfbfbf; border-right: 1pt solid #bfbfbf; border-bottom: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>77.0</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>102.1</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>396.0</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>337.5</font></td>
</tr>
<tr style="height: 5px;">
<td height="7" style="height: 5px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><font style="font-family: 'times new roman', times;">Depreciation and amortization</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>29.6</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>22.3</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>25.2</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>101.9</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>85.3</font></td>
</tr>
<tr style="height: 5px;">
<td height="7" style="height: 5px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times;">Ratios</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"></td>
</tr>
<tr style="height: 5px;">
<td height="7" style="height: 5px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp; </font>Gross margin (%)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td align="right" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">58.6%</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"></td>
<td align="right" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">55.5%</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td align="right" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">61.1%</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td align="right" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">60.0%</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"></td>
<td align="right" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">58.1%</font></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp; </font>Operating margin (%)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td align="right" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">38.3%</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"></td>
<td align="right" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">33.0%</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td align="right" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">43.2%</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td align="right" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">41.2%</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"></td>
<td align="right" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">39.1%</font></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp; </font>EBITDA margin (%)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td align="right" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">54.0%</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"></td>
<td align="right" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">46.4%</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td align="right" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">57.4%</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td align="right" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">55.5%</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"></td>
<td align="right" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">52.4%</font></td>
</tr>
<tr style="height: 5px;">
<td height="7" style="height: 5px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times;">Number of employees</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>870</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>926</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>736</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>870</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>926</font></td>
</tr>

</table>
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 10pt;">&nbsp;</font></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>190</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<table style="width: 100%; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt; height: 106px;">

<tr style="height: 106px;">
<td style="width: 50%; height: 106px; vertical-align: bottom; padding: 0px 0px 10px;" valign="bottom">
<p style="margin: 0cm 0cm 0.0001pt; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font lang="PT-BR" style="font-size: 14pt; font-family: 'times new roman', times; color: #051272;">4<sup>th</sup> QUARTER OF 2021</font></p>
</td>
<td style="width: 50%; height: 106px; vertical-align: bottom;" valign="bottom">
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: right;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><img src="imgf2017895b99f459581b2.jpg" alt="Image1"></font></p>
</td>
</tr>

</table>
<table border="0" cellpadding="0" cellspacing="0" width="80%" style="border-collapse: collapse; width: 80%; margin-left: 0.1px; height: 289px; font-family: 'times new roman'; font-size: 10pt;">

<tr style="height: 13px;">
<td colspan="7" height="18" width="818" style="height: 13px; width: 614pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center;"><font style="font-family: 'times new roman', times;">OXITENO</font></td>
</tr>
<tr style="height: 13px;">
<td colspan="7" height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white;"><font style="font-family: 'times new roman', times;">CONSOLIDATED BALANCE SHEET</font></td>
</tr>
<tr style="height: 11px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"></td>
</tr>
<tr style="height: 10px;">
<td height="37" style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: left; background: #f2f2f2;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp; </font>In million of Reais</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; background: white; height: 10px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td width="89" style="width: 67pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: normal; text-align: center; background: #f2f2f2; height: 10px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;</font>DEC 21<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td style="border-left: none; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-right: 1pt solid #bfbfbf; border-bottom: none; border-image: initial; white-space: nowrap; text-align: center; height: 10px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td width="89" style="border-left: none; width: 67pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: 1pt solid #bfbfbf; border-right: 1pt solid #bfbfbf; border-bottom: 1pt solid #bfbfbf; border-image: initial; white-space: normal; text-align: center; background: #f2f2f2; height: 10px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;</font>DEC 20<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; background: white; height: 10px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: center; background: #f2f2f2; height: 10px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;</font>SEP 21<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
</tr>
<tr style="height: 9px;">
<td height="12" style="height: 9px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 9px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; height: 9px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 9px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; height: 9px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 9px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; height: 9px;"></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10.5pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"><font style="font-family: 'times new roman', times;">OPERATING ASSETS</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><font style="font-family: 'times new roman', times;">Trade receivables</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>994.2</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>875.6</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>987.7</font></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><font style="font-family: 'times new roman', times;">Inventories</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,671.7</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,034.3</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,424.6</font></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><font style="font-family: 'times new roman', times;">Taxes</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>655.1</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>741.7</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>648.2</font></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><font style="font-family: 'times new roman', times;">Other</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>62.1</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>157.9</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>72.0</font></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><font style="font-family: 'times new roman', times;">Right to use assets</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>31.9</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>45.8</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>36.5</font></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><font style="font-family: 'times new roman', times;">Property, plant and equipment / Intangibles / Investments</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2,967.3</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2,881.4</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2,880.2</font></td>
</tr>
<tr style="height: 5px;">
<td height="7" style="height: 5px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
</tr>
<tr style="height: 15px;">
<td height="20" style="height: 15px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: left; background: #f2f2f2;"><font style="font-family: 'times new roman', times;">TOTAL OPERATING ASSETS</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; background: white; height: 15px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: 1pt solid #bfbfbf; border-right: none; border-bottom: 1pt solid #bfbfbf; border-left: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>6,382.3</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: none; border-right: 1pt solid #bfbfbf; border-bottom: none; border-left: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="border-left: none; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: 1pt solid #bfbfbf; border-right: 1pt solid #bfbfbf; border-bottom: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>5,736.7</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; background: white; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>6,049.2</font></td>
</tr>
<tr style="height: 9px;">
<td height="13" style="height: 9px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 9px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 9px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 9px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 9px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 9px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 9px; text-align: right;"></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10.5pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"><font style="font-family: 'times new roman', times;">OPERATING LIABILITIES</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><font style="font-family: 'times new roman', times;">Suppliers</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,219.0</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>714.8</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,203.9</font></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><font style="font-family: 'times new roman', times;">Salaries and related charges</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>176.9</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>158.4</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>159.9</font></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><font style="font-family: 'times new roman', times;">Taxes</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>54.0</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>49.5</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>62.9</font></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><font style="font-family: 'times new roman', times;">Judicial provisions</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>36.1</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>24.9</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>30.4</font></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><font style="font-family: 'times new roman', times;">Leases payable</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>34.5</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>48.8</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>41.3</font></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><font style="font-family: 'times new roman', times;">Other</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>84.1</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>42.4</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>70.8</font></td>
</tr>
<tr style="height: 5px;">
<td height="7" style="height: 5px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: left; background: #f2f2f2;"><font style="font-family: 'times new roman', times;">TOTAL OPERATING LIABILITIES</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: 1pt solid #bfbfbf; border-right: none; border-bottom: 1pt solid #bfbfbf; border-left: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,604.6</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-right: 1pt solid #bfbfbf; border-bottom: none; border-left: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="border-left: none; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: 1pt solid #bfbfbf; border-right: 1pt solid #bfbfbf; border-bottom: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,038.7</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,569.3</font></td>
</tr>

</table>
<p style="margin: 0pt; font-family: 'times new roman', times; font-size: 5pt;"><font style="font-family: 'times new roman', times; font-size: 5pt;">&nbsp;</font></p>
<table border="0" cellpadding="0" cellspacing="0" width="100%" style="height: 436px; border-collapse: collapse; width: 100%; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt;">

<tr style="height: 13px;">
<td colspan="11" height="18" style="height: 13px; width: 1017.33px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white;"><font style="font-family: 'times new roman', times;">CONSOLIDATED INCOME STATEMENT</font></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; width: 509.969px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 13px; width: 9.75px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 13px; width: 90.2969px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 9.75px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 13px; width: 87.1562px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 13px; width: 9.75px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 13px; width: 87.1562px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 13px; width: 9.75px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 13px; width: 87.1562px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 13px; width: 9.75px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 86.8438px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
</tr>
<tr style="height: 10px;">
<td height="38" style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: left; background: #f2f2f2; width: 509.156px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp; </font>In million of Reais<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; background: white; height: 10px; width: 8.4375px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="width: 88.9844px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: 1pt solid #bfbfbf; border-right: none; border-bottom: 1pt solid #bfbfbf; border-left: 1pt solid #bfbfbf; border-image: initial; white-space: normal; text-align: center; background: #f2f2f2; height: 10px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;</font>4Q21<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-right: 1pt solid #bfbfbf; border-bottom: none; border-left: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; text-align: center; height: 10px; width: 8.4375px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="border-left: none; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: 1pt solid #bfbfbf; border-right: 1pt solid #bfbfbf; border-bottom: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; text-align: center; background: #f2f2f2; height: 10px; width: 85.8438px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;</font>4Q20<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; background: white; height: 10px; width: 8.4375px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: center; background: #f2f2f2; height: 10px; width: 85.8438px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;</font>3Q21<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; background: white; height: 10px; width: 8.4375px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: center; background: #f2f2f2; height: 10px; width: 85.8438px;"><font style="font-family: 'times new roman', times;">2021</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; background: white; height: 10px; width: 8.4375px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: center; background: #f2f2f2; height: 10px; width: 86.0312px;"><font style="font-family: 'times new roman', times;">2020</font></td>
</tr>
<tr style="height: 11px;">
<td height="15" style="height: 11px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 509.969px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 11px; width: 9.75px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; background: white; height: 11px; width: 90.2969px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 11px; width: 9.75px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 11px; width: 87.1562px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 11px; width: 9.75px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 11px; width: 87.1562px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 11px; width: 9.75px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 11px; width: 87.1562px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 11px; width: 9.75px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 11px; width: 86.8438px;"></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: left; background: #f2f2f2; width: 509.156px;"><font style="font-family: 'times new roman', times;">Net revenues</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 8.4375px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: 1pt solid #bfbfbf; border-right: none; border-bottom: 1pt solid #bfbfbf; border-left: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2; height: 13px; width: 88.9844px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2,012.5</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-right: 1pt solid #bfbfbf; border-bottom: none; border-left: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; height: 13px; width: 8.4375px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="border-left: none; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: 1pt solid #bfbfbf; border-right: 1pt solid #bfbfbf; border-bottom: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2; height: 13px; width: 85.8438px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,476.8</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 8.4375px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 13px; width: 85.8438px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,981.5</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 8.4375px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 13px; width: 85.8438px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>7,102.8</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 8.4375px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 13px; width: 86.0312px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>5,210.7</font></td>
</tr>
<tr style="height: 5px;">
<td height="7" style="height: 5px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 509.969px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; width: 9.75px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; width: 90.2969px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; width: 9.75px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; width: 87.1562px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; width: 9.75px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; width: 87.1562px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; width: 9.75px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; width: 87.1562px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; width: 9.75px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; width: 86.8438px; text-align: right;"></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 509.969px;"><font style="font-family: 'times new roman', times;">Cost of products sold</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 9.75px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 90.2969px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 9.75px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 87.1562px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 9.75px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 87.1562px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 9.75px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 87.1562px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 9.75px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 86.8438px; text-align: right;"></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 509.969px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>Variable</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 9.75px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 90.2969px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(1,405.2)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 9.75px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 87.1562px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(1,009.4)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 9.75px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 87.1562px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(1,320.3)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 9.75px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 87.1562px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(4,724.6)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 9.75px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 86.8438px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(3,501.6)</font></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 509.969px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>Fixed</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 9.75px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 90.2969px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(161.5)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 9.75px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 87.1562px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(124.7)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 9.75px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 87.1562px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(137.2)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 9.75px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 87.1562px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(586.6)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 9.75px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 86.8438px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(485.8)</font></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 509.969px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>Depreciation and amortization</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 9.75px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 90.2969px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(64.8)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 9.75px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 87.1562px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(52.3)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 9.75px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 87.1562px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(57.0)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 9.75px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 87.1562px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(229.6)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 9.75px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 86.8438px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(201.3)</font></td>
</tr>
<tr style="height: 5px;">
<td height="7" style="height: 5px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 509.969px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; width: 9.75px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; width: 90.2969px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; width: 9.75px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; width: 87.1562px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; width: 9.75px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; width: 87.1562px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; width: 9.75px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; width: 87.1562px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; width: 9.75px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; width: 86.8438px; text-align: right;"></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; width: 509.156px;"><font style="font-family: 'times new roman', times;">Gross profit</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 8.4375px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: 1pt solid #bfbfbf; border-right: none; border-bottom: 1pt solid #bfbfbf; border-left: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2; height: 13px; width: 88.9844px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>381.1</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-right: 1pt solid #bfbfbf; border-bottom: none; border-left: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; height: 13px; width: 8.4375px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="border-left: none; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: 1pt solid #bfbfbf; border-right: 1pt solid #bfbfbf; border-bottom: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2; height: 13px; width: 85.8438px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>290.4</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 8.4375px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 13px; width: 85.8438px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>467.0</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 8.4375px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 13px; width: 85.8438px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,562.0</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 8.4375px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 13px; width: 86.0312px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,022.0</font></td>
</tr>
<tr style="height: 5px;">
<td height="7" style="height: 5px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 509.969px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; width: 9.75px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; width: 90.2969px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; width: 9.75px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; width: 87.1562px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; width: 9.75px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; width: 87.1562px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; width: 9.75px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; width: 87.1562px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; width: 9.75px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; width: 86.8438px; text-align: right;"></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 509.969px;"><font style="font-family: 'times new roman', times;">Operating expenses</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 9.75px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 90.2969px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 9.75px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 87.1562px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 9.75px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 87.1562px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 9.75px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 87.1562px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 9.75px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 86.8438px; text-align: right;"></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 509.969px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>Selling</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 9.75px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 90.2969px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(133.1)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 9.75px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 87.1562px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(106.8)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 9.75px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 87.1562px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(127.5)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 9.75px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 87.1562px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(471.0)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 9.75px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 86.8438px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(386.6)</font></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 509.969px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>General and administrative</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 9.75px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 90.2969px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(131.4)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 9.75px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 87.1562px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(120.6)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 9.75px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 87.1562px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(124.4)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 9.75px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 87.1562px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(497.3)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 9.75px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 86.8438px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(433.0)</font></td>
</tr>
<tr style="height: 5px;">
<td height="7" style="height: 5px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 509.969px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; width: 9.75px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; width: 90.2969px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; width: 9.75px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; width: 87.1562px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; width: 9.75px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; width: 87.1562px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; width: 9.75px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; width: 87.1562px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; width: 9.75px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; width: 86.8438px; text-align: right;"></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 509.969px;"><font style="font-family: 'times new roman', times;">Other operating income</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 9.75px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 90.2969px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>4.1</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 9.75px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 87.1562px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>85.2</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 9.75px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 87.1562px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>22.0</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 9.75px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 87.1562px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>27.8</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 9.75px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 86.8438px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>159.2</font></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 509.969px;"><font style="font-family: 'times new roman', times;">Gain (loss) on disposal of property, plant and equipment and intangibles</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 9.75px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 90.2969px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(1.1)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 9.75px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 87.1562px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(5.0)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 9.75px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 87.1562px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(0.2)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 9.75px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 87.1562px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(0.9)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 9.75px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 86.8438px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(5.6)</font></td>
</tr>
<tr style="height: 5px;">
<td height="7" style="height: 5px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 509.969px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; width: 9.75px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; width: 90.2969px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; width: 9.75px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; width: 87.1562px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; width: 9.75px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; width: 87.1562px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; width: 9.75px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; width: 87.1562px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; width: 9.75px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; width: 86.8438px; text-align: right;"></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: left; background: #f2f2f2; width: 509.156px;"><font style="font-family: 'times new roman', times;">Operating income (loss)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; background: white; height: 13px; width: 8.4375px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: 1pt solid #bfbfbf; border-right: none; border-bottom: 1pt solid #bfbfbf; border-left: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2; height: 13px; width: 88.9844px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>119.8</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: none; border-right: 1pt solid #bfbfbf; border-bottom: none; border-left: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; height: 13px; width: 8.4375px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="border-left: none; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: 1pt solid #bfbfbf; border-right: 1pt solid #bfbfbf; border-bottom: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2; height: 13px; width: 85.8438px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>143.2</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; background: white; height: 13px; width: 8.4375px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 13px; width: 85.8438px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>236.8</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; background: white; height: 13px; width: 8.4375px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 13px; width: 85.8438px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>620.7</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; background: white; height: 13px; width: 8.4375px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 13px; width: 86.0312px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>355.9</font></td>
</tr>
<tr style="height: 5px;">
<td height="6" style="height: 5px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 509.969px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; width: 9.75px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; width: 90.2969px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; width: 9.75px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; width: 87.1562px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; width: 9.75px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; width: 87.1562px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; width: 9.75px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; width: 87.1562px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; width: 9.75px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; width: 86.8438px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 509.969px;"><font style="font-family: 'times new roman', times;">Share of profit of subsidiaries, joint ventures and associates</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 9.75px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 90.2969px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(0.1)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 9.75px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 87.1562px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(0.2)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 9.75px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 87.1562px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>0.2</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 9.75px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 87.1562px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>0.0</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 9.75px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 86.8438px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>0.4</font></td>
</tr>
<tr style="height: 5px;">
<td height="7" style="height: 5px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 509.969px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; width: 9.75px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; width: 90.2969px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; width: 9.75px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; width: 87.1562px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; width: 9.75px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; width: 87.1562px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; width: 9.75px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; width: 87.1562px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; width: 9.75px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; width: 86.8438px; text-align: right;"></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; width: 509.156px;"><font style="font-family: 'times new roman', times;">Adjusted EBITDA</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 8.4375px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: 1pt solid #bfbfbf; border-right: none; border-bottom: 1pt solid #bfbfbf; border-left: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2; height: 13px; width: 88.9844px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>251.5</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-right: 1pt solid #bfbfbf; border-bottom: none; border-left: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; height: 13px; width: 8.4375px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="border-left: none; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: 1pt solid #bfbfbf; border-right: 1pt solid #bfbfbf; border-bottom: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2; height: 13px; width: 85.8438px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>261.9</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 8.4375px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 13px; width: 85.8438px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>351.5</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 8.4375px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 13px; width: 85.8438px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,103.7</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 8.4375px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 13px; width: 86.0312px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>784.9</font></td>
</tr>
<tr style="height: 5px;">
<td height="7" style="height: 5px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 509.969px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; width: 9.75px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; width: 90.2969px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; width: 9.75px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; width: 87.1562px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; width: 9.75px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; width: 87.1562px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; width: 9.75px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; width: 87.1562px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; width: 9.75px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; width: 86.8438px; text-align: right;"></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 509.969px;"><font style="font-family: 'times new roman', times;">Depreciation and amortization</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 9.75px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 90.2969px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>84.6</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 9.75px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 87.1562px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>71.0</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 9.75px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 87.1562px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>76.5</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 9.75px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 87.1562px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>306.8</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 9.75px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 86.8438px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>275.1</font></td>
</tr>
<tr style="height: 5px;">
<td height="7" style="height: 5px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 509.969px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; width: 9.75px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; width: 90.2969px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; width: 9.75px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; width: 87.1562px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; width: 9.75px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; width: 87.1562px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; width: 9.75px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; width: 87.1562px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; width: 9.75px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; width: 86.8438px; text-align: right;"></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 509.969px;"><font style="font-family: 'times new roman', times;">Cash flow hedge from bonds</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 9.75px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 90.2969px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>47.2</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 9.75px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 87.1562px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>47.9</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 9.75px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 87.1562px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>38.0</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 9.75px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 87.1562px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>176.2</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 9.75px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 86.8438px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>153.5</font></td>
</tr>
<tr style="height: 5px;">
<td height="7" style="height: 5px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 509.969px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; width: 9.75px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; width: 90.2969px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; width: 9.75px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; width: 87.1562px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; width: 9.75px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; width: 87.1562px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; width: 9.75px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; width: 87.1562px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; width: 9.75px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; width: 86.8438px; text-align: right;"></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; width: 509.969px;"><font style="font-family: 'times new roman', times;">Ratios</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 9.75px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 90.2969px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 9.75px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 87.1562px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 9.75px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 87.1562px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 9.75px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 87.1562px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 9.75px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 86.8438px; text-align: right;"></td>
</tr>
<tr style="height: 5px;">
<td height="7" style="height: 5px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 509.969px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; width: 9.75px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; width: 90.2969px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; width: 9.75px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; width: 87.1562px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; width: 9.75px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; width: 87.1562px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; width: 9.75px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; width: 87.1562px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; width: 9.75px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; width: 86.8438px; text-align: right;"></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 509.969px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp; </font>Gross margin (R$/ton)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 9.75px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 90.2969px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,993</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 9.75px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 87.1562px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,424</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 9.75px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 87.1562px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2,163</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 9.75px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 87.1562px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2,004</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 9.75px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 86.8438px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,357</font></td>
</tr>
<tr style="height: 15px;">
<td height="20" style="height: 15px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 509.969px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp; </font>Gross margin (US$/ton)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 15px; width: 9.75px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 15px; width: 90.2969px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>357</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 15px; width: 9.75px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 15px; width: 87.1562px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>264</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 15px; width: 9.75px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 15px; width: 87.1562px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>414</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 15px; width: 9.75px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 15px; width: 87.1562px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>371</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 15px; width: 9.75px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 15px; width: 86.8438px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>263</font></td>
</tr>
<tr style="height: 15px;">
<td height="20" style="height: 15px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 509.969px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp; </font>Operating margin (R$/ton)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 15px; width: 9.75px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 15px; width: 90.2969px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>626</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 15px; width: 9.75px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 15px; width: 87.1562px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>702</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 15px; width: 9.75px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 15px; width: 87.1562px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,097</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 15px; width: 9.75px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 15px; width: 87.1562px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>796</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 15px; width: 9.75px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 15px; width: 86.8438px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>472</font></td>
</tr>
<tr style="height: 15px;">
<td height="20" style="height: 15px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 509.969px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp; </font>Operating margin (US$/ton)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 15px; width: 9.75px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 15px; width: 90.2969px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>112</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 15px; width: 9.75px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 15px; width: 87.1562px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>130</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 15px; width: 9.75px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 15px; width: 87.1562px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>210</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 15px; width: 9.75px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 15px; width: 87.1562px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>148</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 15px; width: 9.75px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 15px; width: 86.8438px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>92</font></td>
</tr>
<tr style="height: 15px;">
<td height="20" style="height: 15px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 509.969px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp; </font>Adjusted EBITDA margin (R$/ton)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 15px; width: 9.75px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 15px; width: 90.2969px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,315</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 15px; width: 9.75px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 15px; width: 87.1562px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,284</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 15px; width: 9.75px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 15px; width: 87.1562px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,628</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 15px; width: 9.75px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 15px; width: 87.1562px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,416</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 15px; width: 9.75px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 15px; width: 86.8438px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,042</font></td>
</tr>
<tr style="height: 15px;">
<td height="20" style="height: 15px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 509.969px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp; </font>Adjusted EBITDA margin (US$/ton)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 15px; width: 9.75px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 15px; width: 90.2969px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>236</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 15px; width: 9.75px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 15px; width: 87.1562px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>238</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 15px; width: 9.75px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 15px; width: 87.1562px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>311</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 15px; width: 9.75px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 15px; width: 87.1562px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>262</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 15px; width: 9.75px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 15px; width: 86.8438px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>202</font></td>
</tr>
<tr style="height: 5px;">
<td height="7" style="height: 5px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 509.969px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; width: 9.75px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; width: 90.2969px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; width: 9.75px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; width: 87.1562px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; width: 9.75px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; width: 87.1562px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; width: 9.75px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; width: 87.1562px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; width: 9.75px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; width: 86.8438px; text-align: right;"></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; width: 509.969px;"><font style="font-family: 'times new roman', times;">Number of employees</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 9.75px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 90.2969px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,871</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 9.75px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 87.1562px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,851</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 9.75px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 87.1562px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,873</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 9.75px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 87.1562px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,871</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 9.75px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 86.8438px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,851</font></td>
</tr>

</table>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>191</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<table style="width: 100%; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt; height: 123px;">

<tr style="height: 106px;">
<td style="width: 50%; height: 106px; vertical-align: bottom; padding: 0px 0px 10px;" valign="bottom">
<p style="margin: 0cm 0cm 0.0001pt; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font lang="PT-BR" style="font-size: 14pt; font-family: 'times new roman', times; color: #051272;">4<sup>th</sup> QUARTER OF 2021</font></p>
</td>
<td style="width: 50%; height: 106px; vertical-align: bottom;" valign="bottom">
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: right;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><img src="imgf2017895b99f459581b2.jpg" alt="Image1"></font></p>
</td>
</tr>

</table>
<table border="0" cellpadding="0" cellspacing="0" width="80%" style="border-collapse: collapse; width: 80%; margin-left: 0.1px; height: 334px; font-family: 'times new roman'; font-size: 10pt;">

<tr style="height: 13px;">
<td colspan="7" height="18" width="818" style="height: 13px; width: 614pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center;"><font style="font-family: 'times new roman', times;">IPIRANGA</font></td>
</tr>
<tr style="height: 13px;">
<td colspan="7" height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white;"><font style="font-family: 'times new roman', times;">CONSOLIDATED BALANCE SHEET</font></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px;"></td>
</tr>
<tr style="height: 10px;">
<td height="37" style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: left; background: #f2f2f2;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp; </font>In million of Reais</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; background: white; height: 10px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td width="89" style="width: 67pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: normal; text-align: center; background: #f2f2f2; height: 10px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;</font>DEC 21<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 10px;"></td>
<td width="89" style="width: 67pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: normal; text-align: center; background: #f2f2f2; height: 10px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;</font>DEC 20<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; background: white; height: 10px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: center; background: #f2f2f2; height: 10px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;</font>SEP 21<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
</tr>
<tr style="height: 9px;">
<td height="12" style="height: 9px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 9px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; height: 9px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 9px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; height: 9px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 9px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; height: 9px;"></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10.5pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"><font style="font-family: 'times new roman', times;">OPERATING ASSETS</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><font style="font-family: 'times new roman', times;">Trade receivables</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>3,453.5</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2,546.6</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>3,119.6</font></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><font style="font-family: 'times new roman', times;">Non-current trade receivables</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>447.5</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>460.6</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>451.4</font></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><font style="font-family: 'times new roman', times;">Inventories</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>3,725.1</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2,144.5</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>3,436.6</font></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><font style="font-family: 'times new roman', times;">Taxes</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2,001.3</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,412.8</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,820.3</font></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><font style="font-family: 'times new roman', times;">Contractual assets with customers - exclusive rights</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2,075.1</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,700.6</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,914.4</font></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><font style="font-family: 'times new roman', times;">Other</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>485.2</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>503.8</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>481.2</font></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><font style="font-family: 'times new roman', times;">Right to use assets</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,032.2</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,106.3</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,043.8</font></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><font style="font-family: 'times new roman', times;">Property, plant and equipment / Intangibles / Investments</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>3,765.0</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>3,579.3</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>3,669.5</font></td>
</tr>
<tr style="height: 9px;">
<td height="13" style="height: 9px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 9px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 9px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 9px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 9px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 9px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 9px; text-align: right;"></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: left; background: #f2f2f2;"><font style="font-family: 'times new roman', times;">TOTAL OPERATING ASSETS</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; background: white; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>16,984.9</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>13,454.7</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; background: white; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>15,936.6</font></td>
</tr>
<tr style="height: 12px;">
<td height="16" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 12px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 12px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 12px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 12px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 12px; text-align: right;"></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10.5pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"><font style="font-family: 'times new roman', times;">OPERATING LIABILITIES</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><font style="font-family: 'times new roman', times;">Suppliers</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>5,513.9</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2,886.9</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>4,773.3</font></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><font style="font-family: 'times new roman', times;">Salaries and related charges</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>134.8</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>99.3</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>130.9</font></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><font style="font-family: 'times new roman', times;">Post-employment benefits</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>208.5</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>262.4</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>269.0</font></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><font style="font-family: 'times new roman', times;">Taxes</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>198.0</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>183.4</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>178.2</font></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><font style="font-family: 'times new roman', times;">Judicial provisions</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>358.8</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>309.1</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>212.9</font></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><font style="font-family: 'times new roman', times;">Leases payable</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>735.8</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>766.1</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>730.4</font></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><font style="font-family: 'times new roman', times;">Other</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>292.1</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>259.4</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>370.3</font></td>
</tr>
<tr style="height: 5px;">
<td height="7" style="height: 5px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: left; background: #f2f2f2;"><font style="font-family: 'times new roman', times;">TOTAL OPERATING LIABILITIES</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>7,442.1</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>4,766.7</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>6,665.0</font></td>
</tr>

</table>
<p style="margin: 0pt;"><br></p>
<table border="0" cellpadding="0" cellspacing="0" width="100%" style="border-collapse: collapse; width: 100%; margin-left: 0.1px; height: 365px; font-family: 'times new roman'; font-size: 10pt;">

<tr style="height: 13px;">
<td colspan="11" height="18" width="1020" style="height: 13px; width: 766pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white;"><font style="font-family: 'times new roman', times;">CONSOLIDATED INCOME STATEMENT</font></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px;"></td>
</tr>
<tr style="height: 10px;">
<td height="38" style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: left; background: #f2f2f2;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp; </font>In million of Reais<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; background: white; height: 10px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td width="89" style="width: 67pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: 1pt solid #bfbfbf; border-right: none; border-bottom: 1pt solid #bfbfbf; border-left: 1pt solid #bfbfbf; border-image: initial; white-space: normal; text-align: center; background: #f2f2f2; height: 10px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;</font>4Q21<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-right: 1pt solid #bfbfbf; border-bottom: none; border-left: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; text-align: center; height: 10px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="border-left: none; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: 1pt solid #bfbfbf; border-right: 1pt solid #bfbfbf; border-bottom: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; text-align: center; background: #f2f2f2; height: 10px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;</font>4Q20<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; background: white; height: 10px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: center; background: #f2f2f2; height: 10px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;</font>3Q21<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; background: white; height: 10px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: center; background: #f2f2f2; height: 10px;"><font style="font-family: 'times new roman', times;">2021</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; background: white; height: 10px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: center; background: #f2f2f2; height: 10px;"><font style="font-family: 'times new roman', times;">2020</font></td>
</tr>
<tr style="height: 15px;">
<td height="20" style="height: 15px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 15px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; background: white; height: 15px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 15px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 15px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 15px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 15px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 15px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 15px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 15px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 15px;"></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: left; background: #f2f2f2;"><font style="font-family: 'times new roman', times;">Net revenues</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: 1pt solid #bfbfbf; border-right: none; border-bottom: 1pt solid #bfbfbf; border-left: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>29,060.1</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-right: 1pt solid #bfbfbf; border-bottom: none; border-left: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="border-left: none; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: 1pt solid #bfbfbf; border-right: 1pt solid #bfbfbf; border-bottom: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>19,115.9</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>26,613.8</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>99,382.6</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>66,133.0</font></td>
</tr>
<tr style="height: 5px;">
<td height="7" style="height: 5px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"><font style="font-family: 'times new roman', times;">Cost of products and services sold</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(28,003.6)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(18,414.3)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(25,891.8)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(96,110.4)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(63,609.9)</font></td>
</tr>
<tr style="height: 5px;">
<td height="7" style="height: 5px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2;"><font style="font-family: 'times new roman', times;">Gross profit</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: 1pt solid #bfbfbf; border-right: none; border-bottom: 1pt solid #bfbfbf; border-left: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,056.5</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-right: 1pt solid #bfbfbf; border-bottom: none; border-left: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="border-left: none; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: 1pt solid #bfbfbf; border-right: 1pt solid #bfbfbf; border-bottom: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>701.5</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>722.0</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>3,272.2</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2,523.2</font></td>
</tr>
<tr style="height: 5px;">
<td height="7" style="height: 5px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"><font style="font-family: 'times new roman', times;">Operating expenses</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>Selling</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(404.4)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(316.0)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(361.2)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(1,385.8)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(1,169.4)</font></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>General and administrative</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(301.7)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(156.3)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(184.9)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(846.4)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(538.3)</font></td>
</tr>
<tr style="height: 5px;">
<td height="7" style="height: 5px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"><font style="font-family: 'times new roman', times;">Other operating income</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>15.5</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>23.1</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>5.2</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>74.6</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>42.8</font></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"><font style="font-family: 'times new roman', times;">Gain (loss) on disposal of property, plant and equipment and intangibles</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>128.4</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>46.7</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>17.9</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>183.9</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>80.0</font></td>
</tr>
<tr style="height: 5px;">
<td height="7" style="height: 5px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: left; background: #f2f2f2;"><font style="font-family: 'times new roman', times;">Operating income (loss)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: 1pt solid #bfbfbf; border-right: none; border-bottom: 1pt solid #bfbfbf; border-left: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>494.3</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-right: 1pt solid #bfbfbf; border-bottom: none; border-left: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="border-left: none; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: 1pt solid #bfbfbf; border-right: 1pt solid #bfbfbf; border-bottom: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>299.0</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>199.0</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,298.4</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>938.3</font></td>
</tr>
<tr style="height: 5px;">
<td height="7" style="height: 5px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"><font style="font-family: 'times new roman', times;">Share of profit of subsidiaries, joint ventures and associates</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>0.4</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(1.8)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>0.6</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(0.9)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(0.9)</font></td>
</tr>
<tr style="height: 5px;">
<td height="7" style="height: 5px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2;"><font style="font-family: 'times new roman', times;">Adjusted EBITDA</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: 1pt solid #bfbfbf; border-right: none; border-bottom: 1pt solid #bfbfbf; border-left: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>703.8</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-right: 1pt solid #bfbfbf; border-bottom: none; border-left: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="border-left: none; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: 1pt solid #bfbfbf; border-right: 1pt solid #bfbfbf; border-bottom: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>487.5</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>398.1</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2,086.7</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,711.7</font></td>
</tr>
<tr style="height: 5px;">
<td height="7" style="height: 5px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"><font style="font-family: 'times new roman', times;">Depreciation and amortization<font style="font-size: 8pt;"><sup>1</sup></font></font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>209.1</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>190.2</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>198.5</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>789.2</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>774.3</font></td>
</tr>
<tr style="height: 5px;">
<td height="7" style="height: 5px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times;">Ratios</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: right; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: right; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: right; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: right; height: 13px;"></td>
</tr>
<tr style="height: 5px;">
<td height="7" style="height: 5px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp; </font>Gross margin (R$/m&#179;)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>186</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>121</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>123</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>146</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>118</font></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp; </font>Operating margin (R$/m&#179;)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>87</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>51</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>34</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>58</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>44</font></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp; </font>Adjusted EBITDA margin (R$/m&#179;)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>124</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>84</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>68</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>93</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>80</font></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp; </font>Adjusted EBITDA margin (%)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td align="right" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">2.4%</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"></td>
<td align="right" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">2.5%</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td align="right" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">1.5%</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td align="right" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">2.1%</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td align="right" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">2.6%</font></td>
</tr>
<tr style="height: 5px;">
<td height="7" width="515" style="height: 5px; width: 386pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 8pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; background: white;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td width="12" style="width: 9pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 8pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; background: white; height: 5px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td width="89" style="width: 67pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 8pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; background: white; height: 5px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td width="12" style="width: 9pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 8pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; height: 5px; text-align: right;"></td>
<td width="89" style="width: 67pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 8pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; background: white; height: 5px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td width="12" style="width: 9pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 8pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; background: white; height: 5px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td width="89" style="width: 67pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 8pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; background: white; height: 5px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td width="12" style="width: 9pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 8pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; background: white; height: 5px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td width="89" style="width: 67pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 8pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; background: white; height: 5px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td width="12" style="width: 9pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 8pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; background: white; height: 5px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td width="89" style="width: 67pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 8pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; background: white; height: 5px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times;">Number of service stations</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>7,104</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>7,107</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>7,088</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>7,104</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>7,107</font></td>
</tr>
<tr style="height: 5px;">
<td height="7" width="515" style="height: 5px; width: 386pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 8pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal;"></td>
<td width="12" style="width: 9pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 8pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; height: 5px;"></td>
<td width="89" style="width: 67pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 8pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; height: 5px; text-align: right;"></td>
<td width="12" style="width: 9pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 8pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; height: 5px; text-align: right;"></td>
<td width="89" style="width: 67pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 8pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; height: 5px; text-align: right;"></td>
<td width="12" style="width: 9pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 8pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; height: 5px; text-align: right;"></td>
<td width="89" style="width: 67pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 8pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; height: 5px; text-align: right;"></td>
<td width="12" style="width: 9pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 8pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; height: 5px; text-align: right;"></td>
<td width="89" style="width: 67pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 8pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; height: 5px; text-align: right;"></td>
<td width="12" style="width: 9pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 8pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; height: 5px; text-align: right;"></td>
<td width="89" style="width: 67pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 8pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; height: 5px; text-align: right;"></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times;">Number of employees</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>4,008</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>3,378</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>3,778</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>4,008</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>3,378</font></td>
</tr>

</table>
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 10pt;"><br></font></p>
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;"><sup>1</sup> Includes amortization with contractual assets with customers - exclusive rights</font></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>192</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<table style="width: 100%; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt; height: 123px;">

<tr style="height: 106px;">
<td style="width: 50%; height: 106px; vertical-align: bottom; padding: 0px 0px 10px;" valign="bottom">
<p style="margin: 0cm 0cm 0.0001pt; font-size: 10pt; font-family: 'Century Gothic', 'sans-serif'; color: #000000;"><font lang="PT-BR" style="font-size: 14pt; font-family: 'times new roman', times; color: #051272;">4<sup>th</sup> QUARTER OF 2021</font></p>
</td>
<td style="width: 50%; height: 106px; vertical-align: bottom;" valign="bottom">
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: right;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><img src="imgf2017895b99f459581b2.jpg" alt="Image1"></font></p>
</td>
</tr>

</table>
<table border="0" cellpadding="0" cellspacing="0" width="80%" style="border-collapse: collapse; width: 80%; margin-left: 0.1px; height: 307px; font-family: 'times new roman'; font-size: 10pt;">

<tr style="height: 14px;">
<td colspan="7" height="19" width="818" style="height: 14px; width: 614pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center;"><font style="font-family: 'times new roman', times;">EXTRAFARMA</font></td>
</tr>
<tr style="height: 14px;">
<td colspan="7" height="19" style="height: 14px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white;"><font style="font-family: 'times new roman', times;">BALANCE SHEET</font></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
</tr>
<tr style="height: 10px;">
<td height="38" style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: left; background: #f2f2f2;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp; </font>In million of Reais</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; background: white; height: 10px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td width="89" style="width: 67pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: normal; text-align: center; background: #f2f2f2; height: 10px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;</font>DEC 21<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td style="border-left: none; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-right: 1pt solid #bfbfbf; border-bottom: none; border-image: initial; white-space: nowrap; text-align: center; height: 10px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td width="89" style="border-left: none; width: 67pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: 1pt solid #bfbfbf; border-right: 1pt solid #bfbfbf; border-bottom: 1pt solid #bfbfbf; border-image: initial; white-space: normal; text-align: center; background: #f2f2f2; height: 10px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;</font>DEC 20<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; background: white; height: 10px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: center; background: #f2f2f2; height: 10px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;</font>SEP 21<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
</tr>
<tr style="height: 9px;">
<td height="12" style="height: 9px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 9px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; height: 9px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 9px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; height: 9px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 9px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; height: 9px;"></td>
</tr>
<tr style="height: 15px;">
<td height="20" style="height: 15px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10.5pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"><font style="font-family: 'times new roman', times;">OPERATING ASSETS</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 15px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 15px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 15px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 15px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 15px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 15px;"></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><font style="font-family: 'times new roman', times;">Trade receivables</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>35.7</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>41.3</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>35.0</font></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><font style="font-family: 'times new roman', times;">Inventories</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>578.2</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>520.6</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>527.0</font></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><font style="font-family: 'times new roman', times;">Taxes</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>77.6</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>237.5</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>74.8</font></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><font style="font-family: 'times new roman', times;">Other</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>30.3</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>25.2</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>33.3</font></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><font style="font-family: 'times new roman', times;">Right to use assets</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>318.2</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>383.8</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>352.8</font></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><font style="font-family: 'times new roman', times;">Property, plant and equipment / Intangibles</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>239.8</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>488.3</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>247.4</font></td>
</tr>
<tr style="height: 5px;">
<td height="7" style="height: 5px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
</tr>
<tr style="height: 15px;">
<td height="20" style="height: 15px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: left; background: #f2f2f2;"><font style="font-family: 'times new roman', times;">TOTAL OPERATING ASSETS</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; background: white; height: 15px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: 1pt solid #bfbfbf; border-right: none; border-bottom: 1pt solid #bfbfbf; border-left: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,279.8</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: none; border-right: 1pt solid #bfbfbf; border-bottom: none; border-left: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="border-left: none; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: 1pt solid #bfbfbf; border-right: 1pt solid #bfbfbf; border-bottom: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,696.7</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; background: white; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,270.4</font></td>
</tr>
<tr style="height: 9px;">
<td height="13" style="height: 9px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 9px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 9px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 9px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 9px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 9px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 9px; text-align: right;"></td>
</tr>
<tr style="height: 15px;">
<td height="20" style="height: 15px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10.5pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"><font style="font-family: 'times new roman', times;">OPERATING LIABILITIES</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 15px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 15px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 15px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 15px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 15px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 15px; text-align: right;"></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><font style="font-family: 'times new roman', times;">Suppliers</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>225.5</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>237.8</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>194.2</font></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><font style="font-family: 'times new roman', times;">Salaries and related charges</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>45.8</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>43.2</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>62.4</font></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><font style="font-family: 'times new roman', times;">Taxes</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>15.7</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>18.5</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>14.9</font></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><font style="font-family: 'times new roman', times;">Judicial provisions</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2.9</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>9.9</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>10.2</font></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><font style="font-family: 'times new roman', times;">Leases payable</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>379.2</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>392.1</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>383.9</font></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><font style="font-family: 'times new roman', times;">Other</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>15.6</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>19.3</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>19.2</font></td>
</tr>
<tr style="height: 5px;">
<td height="7" style="height: 5px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: left; background: #f2f2f2;"><font style="font-family: 'times new roman', times;">TOTAL OPERATING LIABILITIES</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; background: white; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: 1pt solid #bfbfbf; border-right: none; border-bottom: 1pt solid #bfbfbf; border-left: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>684.8</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: none; border-right: 1pt solid #bfbfbf; border-bottom: none; border-left: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="border-left: none; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: 1pt solid #bfbfbf; border-right: 1pt solid #bfbfbf; border-bottom: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>720.8</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; background: white; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>684.8</font></td>
</tr>

</table>
<p style="margin: 0pt;"><br></p>
<table border="0" cellpadding="0" cellspacing="0" width="100%" style="border-collapse: collapse; width: 100%; margin-left: 0.1px; height: 346px; font-family: 'times new roman'; font-size: 10pt;">

<tr style="height: 14px;">
<td colspan="11" height="19" style="height: 14px; width: 1017.33px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white;"><font style="font-family: 'times new roman', times;">INCOME STATEMENT</font></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; width: 500.469px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; width: 10.5156px; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; width: 88.9531px; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; width: 11.1875px; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; width: 87.6094px; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; width: 11.1875px; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; width: 88.2812px; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; width: 10.5156px; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; width: 88.8281px; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; width: 11.1875px; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; width: 88.5938px; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
</tr>
<tr style="height: 10px;">
<td height="38" style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: left; background: #f2f2f2; width: 499.656px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp; </font>In million of Reais<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: right; background: white; width: 9.20312px; height: 10px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="width: 87.6406px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: 1pt solid #bfbfbf; border-right: none; border-bottom: 1pt solid #bfbfbf; border-left: 1pt solid #bfbfbf; border-image: initial; white-space: normal; text-align: center; background: #f2f2f2; height: 10px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;</font>4Q21<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-right: 1pt solid #bfbfbf; border-bottom: none; border-left: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; text-align: center; width: 9.875px; height: 10px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="border-left: none; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: 1pt solid #bfbfbf; border-right: 1pt solid #bfbfbf; border-bottom: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; text-align: center; background: #f2f2f2; width: 86.2969px; height: 10px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;</font>4Q20<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; background: white; width: 9.875px; height: 10px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: center; background: #f2f2f2; width: 86.9688px; height: 10px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;</font>3Q21<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; background: white; width: 9.20312px; height: 10px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: center; background: #f2f2f2; width: 87.5156px; height: 10px;"><font style="font-family: 'times new roman', times;">2021</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; background: white; width: 9.875px; height: 10px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: center; background: #f2f2f2; width: 87.7812px; height: 10px;"><font style="font-family: 'times new roman', times;">2020</font></td>
</tr>
<tr style="height: 17px;">
<td height="23" style="height: 17px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 500.469px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 10.5156px; height: 17px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; width: 88.9531px; height: 17px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 11.1875px; height: 17px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 87.6094px; height: 17px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 11.1875px; height: 17px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 88.2812px; height: 17px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 10.5156px; height: 17px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 88.8281px; height: 17px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 11.1875px; height: 17px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 88.5938px; height: 17px;"></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: left; background: #f2f2f2; width: 499.656px;"><font style="font-family: 'times new roman', times;">Gross revenues</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; background: white; width: 9.20312px; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: 1pt solid #bfbfbf; border-right: none; border-bottom: 1pt solid #bfbfbf; border-left: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2; width: 87.6406px; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>527.7</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: none; border-right: 1pt solid #bfbfbf; border-bottom: none; border-left: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; width: 9.875px; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="border-left: none; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: 1pt solid #bfbfbf; border-right: 1pt solid #bfbfbf; border-bottom: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2; width: 86.2969px; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>548.0</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; background: white; width: 9.875px; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; width: 86.9688px; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>509.6</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; background: white; width: 9.20312px; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; width: 87.5156px; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2,096.3</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; background: white; width: 9.875px; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; width: 87.7812px; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2,106.4</font></td>
</tr>
<tr style="height: 5px;">
<td height="7" style="height: 5px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 500.469px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 10.5156px; height: 5px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 88.9531px; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 11.1875px; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 87.6094px; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 11.1875px; height: 5px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 88.2812px; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 10.5156px; height: 5px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 88.8281px; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 11.1875px; height: 5px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 88.5938px; height: 5px; text-align: right;"></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; width: 500.469px;"><font style="font-family: 'times new roman', times;">Sales returns, discounts and taxes</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 10.5156px; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 88.9531px; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(27.9)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 11.1875px; height: 14px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 87.6094px; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(29.0)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 11.1875px; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 88.2812px; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(26.2)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 10.5156px; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 88.8281px; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(109.4)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 11.1875px; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 88.5938px; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(118.0)</font></td>
</tr>
<tr style="height: 5px;">
<td height="7" style="height: 5px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 500.469px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 10.5156px; height: 5px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 88.9531px; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 11.1875px; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 87.6094px; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 11.1875px; height: 5px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 88.2812px; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 10.5156px; height: 5px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 88.8281px; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 11.1875px; height: 5px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 88.5938px; height: 5px; text-align: right;"></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: left; background: #f2f2f2; width: 499.656px;"><font style="font-family: 'times new roman', times;">Net revenues</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; background: white; width: 9.20312px; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: 1pt solid #bfbfbf; border-right: none; border-bottom: 1pt solid #bfbfbf; border-left: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2; width: 87.6406px; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>499.8</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: none; border-right: 1pt solid #bfbfbf; border-bottom: none; border-left: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; width: 9.875px; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="border-left: none; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: 1pt solid #bfbfbf; border-right: 1pt solid #bfbfbf; border-bottom: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2; width: 86.2969px; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>518.9</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; background: white; width: 9.875px; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; width: 86.9688px; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>483.4</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; background: white; width: 9.20312px; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; width: 87.5156px; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,986.9</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; background: white; width: 9.875px; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; width: 87.7812px; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,988.4</font></td>
</tr>
<tr style="height: 5px;">
<td height="7" style="height: 5px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 500.469px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 10.5156px; height: 5px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 88.9531px; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 11.1875px; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 87.6094px; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 11.1875px; height: 5px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 88.2812px; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 10.5156px; height: 5px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 88.8281px; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 11.1875px; height: 5px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 88.5938px; height: 5px; text-align: right;"></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; width: 500.469px;"><font style="font-family: 'times new roman', times;">Cost of products and services sold</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 10.5156px; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 88.9531px; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(352.2)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 11.1875px; height: 14px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 87.6094px; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(363.3)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 11.1875px; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 88.2812px; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(333.7)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 10.5156px; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 88.8281px; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(1,384.3)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 11.1875px; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 88.5938px; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(1,399.1)</font></td>
</tr>
<tr style="height: 5px;">
<td height="7" style="height: 5px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 500.469px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 10.5156px; height: 5px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 88.9531px; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 11.1875px; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 87.6094px; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 11.1875px; height: 5px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 88.2812px; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 10.5156px; height: 5px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 88.8281px; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 11.1875px; height: 5px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 88.5938px; height: 5px; text-align: right;"></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: left; background: #f2f2f2; width: 499.656px;"><font style="font-family: 'times new roman', times;">Gross profit</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; background: white; width: 9.20312px; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: 1pt solid #bfbfbf; border-right: none; border-bottom: 1pt solid #bfbfbf; border-left: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2; width: 87.6406px; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>147.6</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: none; border-right: 1pt solid #bfbfbf; border-bottom: none; border-left: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; width: 9.875px; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="border-left: none; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: 1pt solid #bfbfbf; border-right: 1pt solid #bfbfbf; border-bottom: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2; width: 86.2969px; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>155.6</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; background: white; width: 9.875px; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; width: 86.9688px; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>149.7</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; background: white; width: 9.20312px; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; width: 87.5156px; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>602.6</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; background: white; width: 9.875px; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; width: 87.7812px; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>589.3</font></td>
</tr>
<tr style="height: 5px;">
<td height="7" style="height: 5px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 500.469px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 10.5156px; height: 5px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 88.9531px; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 11.1875px; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 87.6094px; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 11.1875px; height: 5px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 88.2812px; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 10.5156px; height: 5px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 88.8281px; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 11.1875px; height: 5px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 88.5938px; height: 5px; text-align: right;"></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; width: 500.469px;"><font style="font-family: 'times new roman', times;">Operating expenses</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 10.5156px; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 88.9531px; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(161.5)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 11.1875px; height: 14px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 87.6094px; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(156.9)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 11.1875px; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 88.2812px; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(175.3)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 10.5156px; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 88.8281px; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(681.6)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 11.1875px; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 88.5938px; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(653.6)</font></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; width: 500.469px;"><font style="font-family: 'times new roman', times;">Other operating income</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 10.5156px; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 88.9531px; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(1.0)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 11.1875px; height: 14px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 87.6094px; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(1.1)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 11.1875px; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 88.2812px; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2.7</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 10.5156px; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 88.8281px; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(1.0)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 11.1875px; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 88.5938px; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(1.8)</font></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; width: 500.469px;"><font style="font-family: 'times new roman', times;">Gain (loss) on disposal of property, plant and equipment and intangibles</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 10.5156px; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 88.9531px; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(0.2)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 11.1875px; height: 14px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 87.6094px; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(1.2)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 11.1875px; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 88.2812px; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>0.8</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 10.5156px; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 88.8281px; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(0.1)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 11.1875px; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 88.5938px; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(3.6)</font></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; width: 500.469px;"><font style="font-family: 'times new roman', times;">Impairment</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 10.5156px; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 88.9531px; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(32.9)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 11.1875px; height: 14px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 87.6094px; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>-<font style="mso-spacerun: yes;">&nbsp;&nbsp; </font></font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 11.1875px; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 88.2812px; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>-<font style="mso-spacerun: yes;">&nbsp;&nbsp; </font></font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 10.5156px; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 88.8281px; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(427.5)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 11.1875px; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 88.5938px; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>-<font style="mso-spacerun: yes;">&nbsp;&nbsp; </font></font></td>
</tr>
<tr style="height: 5px;">
<td height="7" style="height: 5px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 500.469px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 10.5156px; height: 5px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 88.9531px; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 11.1875px; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 87.6094px; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 11.1875px; height: 5px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 88.2812px; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 10.5156px; height: 5px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 88.8281px; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 11.1875px; height: 5px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 88.5938px; height: 5px; text-align: right;"></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: left; background: #f2f2f2; width: 499.656px;"><font style="font-family: 'times new roman', times;">Operating income (loss)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; background: white; width: 9.20312px; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: 1pt solid #bfbfbf; border-right: none; border-bottom: 1pt solid #bfbfbf; border-left: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2; width: 87.6406px; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(48.1)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: none; border-right: 1pt solid #bfbfbf; border-bottom: none; border-left: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; width: 9.875px; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="border-left: none; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: 1pt solid #bfbfbf; border-right: 1pt solid #bfbfbf; border-bottom: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2; width: 86.2969px; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(3.7)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; background: white; width: 9.875px; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; width: 86.9688px; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(22.1)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; background: white; width: 9.20312px; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; width: 87.5156px; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(507.6)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; background: white; width: 9.875px; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; width: 87.7812px; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(69.6)</font></td>
</tr>
<tr style="height: 5px;">
<td height="7" style="height: 5px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: left; background: white; width: 500.469px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; background: white; width: 10.5156px; height: 5px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; width: 88.9531px; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; width: 11.1875px; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; width: 87.6094px; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; background: white; width: 11.1875px; height: 5px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; width: 88.2812px; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; background: white; width: 10.5156px; height: 5px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; width: 88.8281px; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; background: white; width: 11.1875px; height: 5px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; width: 88.5938px; height: 5px; text-align: right;"></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: left; background: #f2f2f2; width: 499.656px;"><font style="font-family: 'times new roman', times;">EBITDA</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; background: white; width: 9.20312px; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: 1pt solid #bfbfbf; border-right: none; border-bottom: 1pt solid #bfbfbf; border-left: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2; width: 87.6406px; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(9.0)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: none; border-right: 1pt solid #bfbfbf; border-bottom: none; border-left: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; width: 9.875px; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="border-left: none; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: 1pt solid #bfbfbf; border-right: 1pt solid #bfbfbf; border-bottom: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2; width: 86.2969px; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>34.0</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; background: white; width: 9.875px; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; width: 86.9688px; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>17.0</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; background: white; width: 9.20312px; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; width: 87.5156px; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(353.5)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; background: white; width: 9.875px; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; width: 87.7812px; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>84.3</font></td>
</tr>
<tr style="height: 5px;">
<td height="7" style="height: 5px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; width: 489.469px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 10.5156px; height: 5px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 88.9531px; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 11.1875px; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 87.6094px; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 11.1875px; height: 5px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 88.2812px; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 10.5156px; height: 5px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 88.8281px; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 11.1875px; height: 5px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 88.5938px; height: 5px; text-align: right;"></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 500.469px;"><font style="font-family: 'times new roman', times;">Depreciation and amortization</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 10.5156px; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 88.9531px; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>39.1</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 11.1875px; height: 14px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 87.6094px; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>37.7</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 11.1875px; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 88.2812px; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>39.1</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 10.5156px; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 88.8281px; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>154.1</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 11.1875px; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 88.5938px; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>153.9</font></td>
</tr>
<tr style="height: 5px;">
<td height="7" style="height: 5px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 500.469px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 10.5156px; height: 5px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 88.9531px; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 11.1875px; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 87.6094px; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 11.1875px; height: 5px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 88.2812px; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 10.5156px; height: 5px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 88.8281px; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 11.1875px; height: 5px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 88.5938px; height: 5px; text-align: right;"></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; width: 500.469px;"><font style="font-family: 'times new roman', times;">Ratios<font style="font-size: 8pt;"><sup>1</sup></font></font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 10.5156px; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 88.9531px; height: 13px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 11.1875px; height: 13px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 87.6094px; height: 13px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 11.1875px; height: 13px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 88.2812px; height: 13px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 10.5156px; height: 13px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 88.8281px; height: 13px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 11.1875px; height: 13px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 88.5938px; height: 13px; text-align: right;"></td>
</tr>
<tr style="height: 4px;">
<td height="6" style="height: 4px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 500.469px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 10.5156px; height: 4px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 88.9531px; height: 4px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 11.1875px; height: 4px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 87.6094px; height: 4px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 11.1875px; height: 4px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 88.2812px; height: 4px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 10.5156px; height: 4px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 88.8281px; height: 4px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 11.1875px; height: 4px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 88.5938px; height: 4px; text-align: right;"></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 500.469px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp; </font>Gross margin (%)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 10.5156px; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td align="right" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 88.9531px; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">28.0%</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 11.1875px; height: 13px; text-align: right;"></td>
<td align="right" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 87.6094px; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">28.4%</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 11.1875px; height: 13px; text-align: right;"></td>
<td align="right" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 88.2812px; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">29.4%</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 10.5156px; height: 13px; text-align: right;"></td>
<td align="right" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 88.8281px; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">28.7%</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 11.1875px; height: 13px; text-align: right;"></td>
<td align="right" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 88.5938px; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">28.0%</font></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 500.469px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp; </font>Operating margin (%)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 10.5156px; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td align="right" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 88.9531px; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">(9.1%)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 11.1875px; height: 13px; text-align: right;"></td>
<td align="right" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 87.6094px; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">(0.7%)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 11.1875px; height: 13px; text-align: right;"></td>
<td align="right" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 88.2812px; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">(4.3%)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 10.5156px; height: 13px; text-align: right;"></td>
<td align="right" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 88.8281px; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">(24.2%)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 11.1875px; height: 13px; text-align: right;"></td>
<td align="right" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 88.5938px; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">(3.3%)</font></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 500.469px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp; </font>EBITDA margin (%)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 10.5156px; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td align="right" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 88.9531px; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">(1.7%)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 11.1875px; height: 13px; text-align: right;"></td>
<td align="right" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 87.6094px; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">6.2%</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 11.1875px; height: 13px; text-align: right;"></td>
<td align="right" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 88.2812px; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">3.3%</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 10.5156px; height: 13px; text-align: right;"></td>
<td align="right" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 88.8281px; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">(16.9%)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 11.1875px; height: 13px; text-align: right;"></td>
<td align="right" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 88.5938px; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">4.0%</font></td>
</tr>
<tr style="height: 10px;">
<td height="7" style="height: 10px; width: 500.469px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 8pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; background: white;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="width: 10.5156px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 8pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; background: white; height: 10px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="width: 88.9531px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 8pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; background: white; height: 10px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="width: 11.1875px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 8pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; background: white; height: 10px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="width: 87.6094px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 8pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; background: white; height: 10px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="width: 11.1875px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 8pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; background: white; height: 10px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="width: 88.2812px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 8pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; background: white; height: 10px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="width: 10.5156px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 8pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; background: white; height: 10px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="width: 88.8281px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 8pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; background: white; height: 10px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="width: 11.1875px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 8pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; background: white; height: 10px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="width: 88.5938px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 8pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; background: white; height: 10px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; width: 500.469px;"><font style="font-family: 'times new roman', times;">Number of employees</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 10.5156px; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 88.9531px; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>5,713</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 11.1875px; height: 13px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 87.6094px; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>5,921</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 11.1875px; height: 13px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 88.2812px; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>5,838</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 10.5156px; height: 13px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 88.8281px; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>5,713</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 11.1875px; height: 13px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 88.5938px; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>5,921</font></td>
</tr>

</table>
<div>
<p><br></p>
<p><font style="font-size: 8pt;"><sup>1</sup> Calculated based on gross revenues</font></p>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>193</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
</div><div style="font-family: 'times new roman', times; font-size: 10pt;">
<div style="width: 8.5in; margin: 0px auto; line-height: 1.3;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; letter-spacing: 0.8pt;">&nbsp;</font></p>
<p align="center" style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 22px; margin: 0cm 0cm 0.0001pt; font-size: 11pt; font-family: Tahoma, 'sans-serif';"><font style="font-family: 'times new roman', times;"><b><font lang="PT-BR" style="font-size: 10pt; line-height: 20px;">ULTRAPAR PARTICIPA&#199;&#213;ES S.A.</font></b></font><font style="font-family: 'times new roman', times;"><b><font lang="PT-BR" style="font-size: 10pt; line-height: 20px;"></font></b></font></p>
<p align="center" style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 22px; margin: 0cm 0cm 0.0001pt; font-size: 11pt; font-family: Tahoma, 'sans-serif';"><font style="font-family: 'times new roman', times;"><b><font lang="PT-BR" style="font-size: 10pt; line-height: 20px;"><br></font></b></font></p>
<p align="center" style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 22px; margin: 0cm 0cm 0.0001pt; font-size: 11pt; font-family: Tahoma, 'sans-serif';"><font style="font-family: 'times new roman', times; font-weight: bold;"><b><font lang="PT-BR" style="font-size: 10pt; line-height: 20px;">&nbsp;</font></b></font><font lang="EN-US" style="font-family: 'times new roman', times;"><font style="font-weight: bold;">Publicly Traded Company</font></font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; letter-spacing: 0.8pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 210.25pt;">
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: center;"><font lang="PT-BR" style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 10pt; line-height: 20px;">CNPJ<font>&nbsp;</font></font><font lang="EN-US" style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 10pt; line-height: 20px;">Nr.</font><font lang="PT-BR" style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 10pt; line-height: 20px;"><font>&nbsp;</font>33.256.439/0001-39</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 210.25pt;">
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: center;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; display: inline !important; float: none;">NIRE 35.300.109.724</font></p>
</td>
</tr>

</table>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; letter-spacing: 0.8pt;">&nbsp;</font></p>
<div style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: center;"><a style="text-decoration: none; color: rgb(0, 0, 0); cursor: default; outline: none; pointer-events: none;" href="#" name="B1212_XC2JVIY4B400000000000000000000" class="customBookmark"><font style="font-weight: bold;">MINUTES OF THE MEETING OF THE BOARD OF DIRECTORS</font></a></div>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: center;"><font style="font-weight: bold;"><br></font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: left;"><font style="font-weight: bold;">Date, Hour and Place:</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: left;"><font style="font-size: 10pt;">February 23, 2022, at 10:00 a.m., at the Company&#8217;s headquarters, located at Brigadeiro Lu&#237;s Ant&#244;nio Avenue, Nr. 1.343, 9th floor, in the City of and State of S&#227;o Paulo, also contemplating participation through Microsoft Teams.&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: left;"><br></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: left;"><font style="font-weight: bold;"> Members in Attendance:</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: left;">(i) Members of the Board of Directors undersigned; (ii) Secretary of the Board of Directors, Mr. Andr&#233; Brickmann Areno; (iii) Chief Executive Officer, Mr. Marcos Marinho Lutz; (iv) Chief Financial and Investor Relations Officer, Mr. Rodrigo de Almeida Pizzinatto; (v) other executive officers of the Company, namely, Mrs. D&#233;cio de Sampaio Amaral, Jo&#227;o Benjamin Parolin, Leonardo Remi&#227;o Linden, Marcelo Pereira Malta de Ara&#250;jo and Tabajara Bertelli Costa; (vi) in relation to item 1 and 2 below, the President of the Fiscal Council, Mr. Fl&#225;vio Cesar Maia Luz.<br></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><br></p>
<table style="width: 100%; margin-left: 0.1px; height: 187px; font-family: 'times new roman'; font-size: 10pt;">

<tr style="height: 20px;">
<td style="height: 20px;" colspan="3"><font style="font-size: 10pt; font-family: 'times new roman', times; font-weight: bold;">Matters discussed and resolutions:</font><br></td>
</tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 1px 1px 15px; vertical-align: top;" valign="top"><font style="font-size: 10pt; font-family: 'times new roman', times;">1.</font></td>
<td style="height: 10px; padding: 1px 1px 15px; vertical-align: top;" colspan="2" valign="top"><font style="font-size: 10pt; font-family: 'times new roman', times;">To approve, after being examined and discussed, the financial statements of the Company, including the balance sheet and management report for the fiscal year ended on December 31, 2021, as well as the destination of net earnings for the year and the distribution of dividends, supported by the independent auditors report, and recommend their approval by the General Shareholders&#8217; Meeting.</font><br></td>
</tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 1px 1px 15px; vertical-align: top;" valign="top"><font style="font-size: 10pt; font-family: 'times new roman', times;">2.</font></td>
<td style="height: 10px; padding: 1px 1px 15px; vertical-align: top;" colspan="2" valign="top"><font style="font-size: 10pt; font-family: 'times new roman', times;">To approve, "<font style="font-style: italic;">ad referendum</font>" to the Annual General Shareholders&#8217; Meeting, the following destination of net earnings for the year ended on December 31, 2021, in the amount of R$850,463,948.89 (eight hundred and fifty million, four hundred and sixty-three thousand, nine hundred and forty-eight Reais and eighty-nine cents of Real), as described below:</font><br></td>
</tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 1px 1px 15px; vertical-align: top; width: 4%;" valign="top"><br></td>
<td style="height: 10px; padding: 1px 1px 15px; vertical-align: top; width: 4%;" valign="top"><font style="font-size: 10pt; font-family: 'times new roman', times;">a)</font></td>
<td style="height: 10px; padding: 1px 1px 15px; vertical-align: top; width: 92%;" valign="top"><font style="font-size: 10pt; font-family: 'times new roman', times;">R$42.523.197,44 (forty-two million, five hundred and twenty-three thousand, one hundred and ninety-seven Reais and forty-four cents of Real) will be allocated to the legal reserve;</font></td>
</tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 1px 1px 15px; vertical-align: top;" valign="top"><br></td>
<td style="height: 10px; padding: 1px 1px 15px; vertical-align: top;" valign="top"><font style="font-size: 10pt; font-family: 'times new roman', times;">b)</font></td>
<td style="height: 10px; padding: 1px 1px 15px; vertical-align: top;" valign="top"><font style="font-size: 10pt; font-family: 'times new roman', times;">R$403,970,375.73 (four hundred and three million, nine hundred and seventy thousand, three hundred and seventy-five Reais and seventy-three cents of Real) will be allocated to the statutory reserve for investments; and</font></td>
</tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 1px 1px 15px; vertical-align: top;" valign="top"><br></td>
<td style="height: 10px; padding: 1px 1px 15px; vertical-align: top;" valign="top"><font style="font-size: 10pt; font-family: 'times new roman', times;">c)</font></td>
<td style="height: 10px; padding: 1px 1px 15px; vertical-align: top;" valign="top"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"> R$403,970,375.73 (four hundred and three million, nine hundred and seventy thousand, three hundred and seventy-five Reais and seventy-three cents of Real) will be allocated to the payment of dividends to holders of common shares, of which R$218,073,611.40 (two hundred and eighteen million, seventy-three thousand, six hundred and eleven Reais and forty cents of Real) were paid as interim dividends as approved by the Board of Directors on August 11, 2021, in the proportion of R$0.20 (twenty cents of Real) per share; (ii) R$185,896,764.33 (one hundred and eighty-five million, eight hundred and ninety-six thousand, seven hundred and sixty-four Reais and thirty-three cents of Real) shall be paid to the shareholders as outstanding amount of the dividends approved herein, as of March 11, 2021, without remuneration or monetary adjustment, in the proportion of R$0.17040 per share.</font></td>
</tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 1px 1px 15px; vertical-align: top;" valign="top"><br></td>
<td style="height: 10px; padding: 1px 1px 15px; vertical-align: top;" valign="top"><br></td>
<td style="height: 10px; padding: 1px 1px 15px; vertical-align: top;" valign="top"><font style="font-size: 10pt; font-family: 'times new roman', times;">The record dates for receiving the dividend approved herein will be March 3, 2022 in Brazil and March 7, 2022 in the United States of America. The Company&#8217;s shares will be traded &#8220;<font style="font-style: italic;">ex-dividends</font>&#8221; on B3 S.A. &#8211; Brasil, Bolsa e Balc&#227;o and on the New York Stock Exchange from and including March 4, 2022 onwards.</font></td>
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<td style="padding: 1px 1px 0px; vertical-align: top; height: 107px;" valign="top"><font style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">3.</font></td>
<td style="padding: 1px 1px 0px; vertical-align: top; height: 107px;" valign="top"><br></td>
<td style="padding: 1px 1px 0px; vertical-align: top; height: 107px;" valign="top"><font style="font-size: 10pt; font-family: 'times new roman', times;">The members of the Board of Directors of the Company confirmed the issuance of 43,925 (forty-three thousand, nine hundred twenty-five) common shares within the limits of the authorized capital stock pursuant to Article 6 of the Company&#8217;s Bylaws, due to partial exercise of the subscription warrants issued by the Company as of the approval of the merger of shares issued by Imifarma Produtos Farmac&#234;uticos e Cosm&#233;ticos S.A. by the Company, approved on the Extraordinary Shareholders&#8217; Meeting held in January 31, 2014. The management of the Company shall provide the necessary subscription bulletins for signing and formalization of the new shares&#8217; subscription by the referred subscription warrants holders. The common shares will have the same rights assigned to the other shares previously issued by the Company.</font></td>
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<p><br></p>
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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>194</font></font></td>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
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<div style="width: 8.5in; margin: 0 auto;">
<p><br></p>
<table style="width: 100%; margin-left: 0.1px; height: 200px; font-family: 'times new roman'; font-size: 10pt;">

<tr style="height: 10px;">
<td style="height: 10px; padding: 1px 1px 15px; vertical-align: top; width: 4%;" valign="top"><br></td>
<td style="height: 10px; padding: 1px 1px 15px; vertical-align: top; width: 96%;" colspan="2" valign="top"><font style="font-size: 10pt; font-family: 'times new roman', times;">The Company&#8217;s capital stock will therefore be represented by 1,115,151,608 (one billion, one hundred and fifteen million, one hundred fifty-one thousand, six hundred and eight) common shares, all of them nominative with no par value. The adaptation of Article 5 of the Company&#8217;s Bylaws to reflect the new number of shares in which the capital stock of the Company is divided shall be subject to a resolution of the Extraordinary General Shareholders&#8217; Meeting, to be called in due course.</font><br></td>
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<tr style="height: 20px;">
<td style="height: 20px; padding: 1px 1px 15px; vertical-align: top;" valign="top"><font style="font-size: 10pt; font-family: 'times new roman', times;">4.</font></td>
<td style="height: 20px; padding: 1px 1px 15px; vertical-align: top;" colspan="2" valign="top"><font style="font-size: 10pt; font-family: 'times new roman', times;">The members of the Board of Directors were updated on the proposals that will be submitted for shareholders&#8217; approval upon the calling of the Annual General and Extraordinary Shareholders&#8217; Meeting and manifested positively to these proposals.</font><br></td>
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<td style="height: 20px; padding: 1px 1px 15px; vertical-align: top;" valign="top"><font style="font-size: 10pt; font-family: 'times new roman', times;">5.</font></td>
<td style="height: 20px; padding: 1px 1px 15px; vertical-align: top;" colspan="2" valign="top"><font style="font-size: 10pt; font-family: 'times new roman', times;">The members of the Board of Directors approved the calling of the Annual General and Extraordinary Shareholders&#8217; Meeting, that shall be held on April 13, 2022. </font><br></td>
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<tr style="height: 20px;">
<td style="height: 20px; padding: 1px 1px 15px; vertical-align: top;" valign="top"><font style="font-size: 10pt; font-family: 'times new roman', times;">6.</font></td>
<td style="height: 20px; padding: 1px 1px 15px; vertical-align: top;" colspan="2" valign="top"><font style="font-size: 10pt; font-family: 'times new roman', times;">The members of the Board of Directors approved the changes on the Corporate Executive Compensation Policy, with immediate effect, as submitted by the Executive Board and recommended by the People Committee.</font><br></td>
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<td style="height: 20px; padding: 1px 1px 15px; vertical-align: top;" valign="top"><font style="font-size: 10pt; font-family: 'times new roman', times;">7.</font></td>
<td style="height: 20px; padding: 1px 1px 15px; vertical-align: top;" colspan="2" valign="top"><font style="font-size: 10pt; font-family: 'times new roman', times;">The members of the Board of Directors approved the election of Mr. Frederico Pinheiro Fleury Curado to compose the Strategy Committee, with a term coinciding with the term of office of the other members.</font><br></td>
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<tr style="height: 20px;">
<td style="height: 20px; padding: 1px 1px 15px; vertical-align: top;" valign="top"><font style="font-size: 10pt; font-family: 'times new roman', times;">8.</font></td>
<td style="height: 20px; padding: 1px 1px 15px; vertical-align: top;" colspan="2" valign="top"><font style="font-size: 10pt; font-family: 'times new roman', times;">The members of the Board of Directors were updated on the annual report of the Audit and Risks Committee, as well as its recommendations to the Board of Directors.</font><br></td>
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</table>
<p><font style="font-size: 10pt; font-family: 'times new roman', times; color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-weight: bold;">Notes</font><font>: The resolutions were approved, with no amendments or qualifications, by all Board Members.</font></font></p>
<p style="line-height: 22px; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times; color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 22px; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times; color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;"><font>There being no further matters to discuss, the meeting was concluded, and these minutes were written, read, passed, and signed by all the Board members present</font><font>.</font></font></p>
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</div>
<p style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; text-align: justify; line-height: 22px; margin: 0px; font-size: 11pt; font-family: Tahoma, 'sans-serif';"><br></p>
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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>195</font></font></td>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<br></div>
</div><div style="font-family: 'times new roman', times; font-size: 10pt;">
<div style="width: 8.5in; margin: 0 auto;">
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: center;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><img src="imgf2017895b99f459581b2.jpg" alt="Image1"></font></p>
<p style="line-height: 12pt; margin: 12pt 0pt; text-align: center;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-weight: bold;">ULTRAPAR PARTICIPA&#199;</font><font style="font-weight: bold;">&#213;</font><font style="font-weight: bold;">ES S.A.</font></font></p>
<div style="margin: 12pt 0pt; text-align: center;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#" name="BB_TTHWQ5UU0G00000000000000000000" class="customBookmark"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">NOTICE TO SHAREHOLDERS</font></a></div>
<p style="margin: 12pt 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Distribution of dividends</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font>S&#227;o Paulo, </font><font>February 23</font><font>, 202</font><font>2</font><font> &#8211; </font><font>Ultrapar </font><font>Participa&#231;&#245;es</font><font> S.A. informs that </font><font>the Board of Directors, at the meeting held today, approved the distribution of dividends, in the amount of R$ </font><font>185</font><font>,</font><font>896</font><font>,</font><font>764</font><font>.</font><font>33</font><font>, </font><font>equivalent to R$ </font><font>0</font><font>.</font><font>170</font><font>40</font><font> </font><font>per</font><font> common share, to be paid from </font><font>March 11</font><font>, </font><font>202</font><font>2</font><font> onwards, without remuneration or monetary adjustment.&nbsp;</font></font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font>The record date t</font><font>hat</font><font> establish</font><font>es</font><font> the right to receive the dividend will be </font><font>March 3</font><font>, </font><font>20</font><font>2</font><font>2</font><font> in Brazil, and </font><font>March 7</font><font>, 20</font><font>2</font><font>2</font><font> in the United States. Therefore, from </font><font>March 4</font><font>, </font><font>20</font><font>2</font><font>2</font><font> onwards, the shares will be traded "ex-dividend" on both the S&#227;o Paulo Stock Exchange (B3 S.A. &#8211; Brasil, Bolsa, </font><font>Balc&#227;o</font><font>) and the New York Stock Exchange (NYSE).</font></font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font>The number of shares </font><font>considered to calculate the dividend per share considers the issuance of </font><font>43</font><font>,</font><font>925 </font><font>common shares</font><font>, that </font><font>was approved </font><font>by the Board of Directors </font><font>on this date</font><font>. </font></font></p>
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<p style="margin: 3pt 0pt 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Rodrigo de Almeida Pizzinatto</font></p>
<p style="margin: 3pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font>Chief</font><font> Financial </font><font>and</font><font> Investor Relations Officer</font></font></p>
<p style="margin: 3pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar Participa&#231;&#245;es S.A.</font></p>
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<p style="margin: 0pt 0pt 6pt 7.1pt; text-align: justify; text-indent: -7.1pt;"><font style="font-family: Calibri; font-size: 11pt;">&nbsp;</font><font style="font-family: Calibri; font-size: 26pt;">&nbsp;</font></p>
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<p style="margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-family: Calibri; font-size: 11pt;">&nbsp;</font></p>
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<p align="center" style="margin: 0cm 0cm 6pt; font-size: 12pt; font-family: 'Times New Roman', 'serif';"><font style="font-size: 38.0pt; mso-bidi-font-size: 11.0pt; font-family: 'Open Sans','sans-serif'; mso-fareast-font-family: Calibri; mso-fareast-theme-font: minor-latin; color: #1f497d; mso-themecolor: text2; mso-fareast-language: EN-US; font-weight: bold; mso-bidi-font-weight: normal;"><b><font lang="PT-BR">Executive</font></b></font></p>
<p align="center" style="margin: 0cm 0cm 6pt; font-size: 12pt; font-family: 'Times New Roman', 'serif';"><b style="mso-bidi-font-weight: normal;"><font lang="PT-BR" style="font-size: 38.0pt; mso-bidi-font-size: 11.0pt; font-family: 'Open Sans','sans-serif'; mso-fareast-font-family: Calibri; mso-fareast-theme-font: minor-latin; color: #1f497d; mso-themecolor: text2; mso-fareast-language: EN-US;">Compensation</font></b></p>
<p align="center" style="margin: 0cm 0cm 6pt; font-size: 12pt; font-family: 'Times New Roman', 'serif';"><b style="mso-bidi-font-weight: normal;"><font lang="PT-BR" style="font-size: 38.0pt; mso-bidi-font-size: 11.0pt; font-family: 'Open Sans','sans-serif'; mso-fareast-font-family: Calibri; mso-fareast-theme-font: minor-latin; color: #1f497d; mso-themecolor: text2; mso-fareast-language: EN-US;">Policy -</font></b></p>
<p align="center" style="margin: 0cm 0cm 6pt; font-size: 12pt; font-family: 'Times New Roman', 'serif';"><b style="mso-bidi-font-weight: normal;"><font lang="PT-BR" style="font-size: 38.0pt; mso-bidi-font-size: 11.0pt; font-family: 'Open Sans','sans-serif'; mso-fareast-font-family: Calibri; mso-fareast-theme-font: minor-latin; color: #1f497d; mso-themecolor: text2; mso-fareast-language: EN-US;">Ultrapar </font></b><font lang="PT-BR" style="font-size: 14.0pt; mso-bidi-font-size: 12.0pt; color: #1f497d; mso-themecolor: text2;"></font></p>
<p style="margin: 0pt 0pt 6pt; text-align: center;"><font style="font-family: Calibri; font-size: 11pt;">&nbsp;</font></p>
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<p style="font-size: 11pt; line-height: 115%; margin: 24pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="font-size: 11pt; font-weight: normal;">Revision</font><font style="font-size: 11pt; font-weight: normal;">:</font><font style="font-size: 11pt; font-weight: normal;"> </font><font style="font-size: 11pt; font-weight: normal;">Fe</font><font style="font-size: 11pt; font-weight: normal;">b</font><font style="font-size: 11pt; font-weight: normal;"> 23, 2022</font></font></p>
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<p style="font-size: 12pt; line-height: 115%; margin: 0px; text-indent: 0px;"><br><font style="color: #1f497d; font-family: 'times new roman', times; font-size: 12pt; font-weight: bold; text-transform: uppercase;">PURPOSE</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 6pt 0pt 0pt; text-align: justify;"><font style="font-family: 'times new roman', times;"><font style="font-size: 10pt;">To establish the principles and criteria for executive&#8217;s compensation of </font><font style="font-size: 10pt;">Ultrapar</font><font style="font-size: 10pt;"> </font><font style="font-size: 10pt;">Participa&#231;&#245;es</font><font style="font-size: 10pt;"> S.A. (&#8220;</font><font style="font-size: 10pt;">Ultrapar</font><font style="font-size: 10pt;">&#8221; or &#8220;Company&#8221;), ensuring the implementation of a competitive compensation strategy aligned to the best market practices and to the interests of the Company&#8217;s shareholders and other stakeholders.</font><font style="font-size: 10pt;"> </font></font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 6pt 0pt 0pt 18pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
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<li style="color: #1f497d; font-family: 'Open Sans'; font-size: 12pt; font-weight: bold; line-height: 150%; margin: 0pt 0pt 6pt 14pt; padding-left: 4pt; text-align: justify; text-indent: 0pt; text-transform: uppercase;"><font style="color: #1f497d; font-family: 'times new roman', times; font-size: 12pt; font-weight: bold; text-transform: uppercase;">SCOPE</font></li>
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<p style="font-size: 10pt; line-height: 150%; margin: 6pt 0pt 0pt; text-align: justify;"><font style="font-family: 'times new roman', times;"><font style="font-size: 10pt;">This Policy is applicable to the members of the Board of Directors, Advisory Committees, Fiscal </font><font style="font-size: 10pt;">Council</font><font style="font-size: 10pt;"> and the Executive Board of the Company.</font></font></p>
<p style="margin: 6pt 0pt 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
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<li style="color: #1f497d; font-family: 'Open Sans'; font-size: 12pt; font-weight: bold; line-height: 150%; margin: 0pt 0pt 6pt 14pt; padding-left: 4pt; text-align: justify; text-indent: 0pt; text-transform: uppercase;"><font style="color: #1f497d; font-family: 'times new roman', times; font-size: 12pt; font-weight: bold; text-transform: uppercase;">DEFINITIONS</font></li>
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<p style="font-size: 12pt; line-height: 150%; margin: 0pt 0pt 6pt 21.6pt; text-align: justify; text-indent: -21.6pt;"><font style="font-family: 'times new roman', times;"><font style="color: #1f497d; font-size: 12pt; font-weight: bold; text-transform: uppercase;">2.1.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 7pt; line-height: normal;">&nbsp; </font><font style="color: #1f497d; font-size: 12pt; font-weight: bold; text-transform: uppercase;"> </font><font style="color: #1f497d; font-size: 12pt; font-weight: bold; text-transform: uppercase;">COMPENSATION CONCEPT AND STRATEGY</font></font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 6pt 0pt 0pt; text-align: justify;"><font style="font-family: 'times new roman', times;"><font style="font-size: 10pt;">The management of </font><font style="font-size: 10pt;">Ultrapar&#8217;s</font><font style="font-size: 10pt;"> executive compensation has the main objectives of:</font></font></p>
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<li style="font-family: Wingdings; font-size: 10pt; line-height: 150%; margin: 6pt 0pt 0pt 44.98pt; padding-left: 8.42pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'times new roman', times;"><font style="font-size: 10pt;">Guaranteeing competitiveness in relation to the target market, enabling the Company to attract and retain the best professionals for its </font><font style="font-size: 10pt;">management;</font><font style="font-size: 10pt;"> </font></font></li>
<li style="font-family: Wingdings; font-size: 10pt; line-height: 150%; margin: 0pt 0pt 0pt 44.98pt; padding-left: 8.42pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'times new roman', times;"><font style="font-size: 10pt;">Aligning the interests across the members of the Company&#8217;s management and </font><font style="font-size: 10pt;">shareholders;</font><font style="font-size: 10pt;"> </font></font></li>
<li style="font-family: Wingdings; font-size: 10pt; line-height: 150%; margin: 0pt 0pt 0pt 44.98pt; padding-left: 8.42pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Recognizing outstanding performance, reinforcing meritocracy.</font></li>
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<p style="font-size: 10pt; line-height: 150%; margin: 0pt 0pt 0pt 53.4pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="font-size: 12pt; line-height: 150%; margin: 0pt 0pt 6pt 21.6pt; text-align: justify; text-indent: -21.6pt;"><font style="font-family: 'times new roman', times;"><font style="color: #1f497d; font-size: 12pt; font-weight: bold; text-transform: uppercase;">2.2.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 7pt; line-height: normal;">&nbsp; </font><font style="color: #1f497d; font-size: 12pt; font-weight: bold; text-transform: uppercase;"> COMPENSATION COMPOSITION </font></font></p>
<p style="font-size: 12pt; line-height: 150%; margin: 0pt 0pt 6pt 53.55pt; text-align: justify; text-indent: -25.2pt;"><font style="font-family: 'times new roman', times;"><font style="color: #1f497d; font-size: 12pt; font-weight: bold; text-transform: uppercase;">2.2.1.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 7pt; line-height: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="color: #1f497d; font-size: 12pt; font-weight: bold; text-transform: uppercase;">BOARD OF DIRECTORS </font></font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 6pt 0pt 0pt 28.35pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The compensation of the members of the Board of Directors is composed exclusively of a fixed monthly fee and social security contributions. The amount is established based on the responsibility and complexity inherent to the position as well as the benchmarks for the comparative market.</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 6pt 0pt 0pt 28.35pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The Chairman and the Vice Chairman earn a higher amount than the other directors due to the greater responsibility inherent to their positions.</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 6pt 0pt 0pt 28.35pt; text-align: justify;"><font style="font-family: 'times new roman', times;"><font style="font-size: 10pt;">If the director is a member of a statutory committee of the Company, the monthly amount received shall be increased by one third (33.3%) of the monthly fee. This compensation </font><font style="font-size: 10pt;">shall be increased by one half (50%) of the monthly </font><font style="font-size: 10pt;">amount, if</font><font style="font-size: 10pt;"> the director exercise the function of Coordinator of the respective Committee.</font></font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 6pt 0pt 0pt 28.35pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">If the director is a member of two or more statutory committees, the monthly amount to be received shall be increased by one half (50%) of the monthly amount.</font></p>
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<p style="margin: 0pt;"><img src="imgf0ab084a2504445c9e98.jpg" alt="Image1"></p>
<p style="font-size: 12pt; line-height: 150%; margin: 0pt 0pt 6pt 53.55pt; text-align: justify; text-indent: -25.2pt;"><font style="font-family: 'times new roman', times;"><font style="color: #1f497d; font-size: 12pt; font-weight: bold; text-transform: uppercase;">2.2.2.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 7pt; line-height: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="color: #1f497d; font-size: 12pt; font-weight: bold; text-transform: uppercase;">FISCAL COUNCIL</font></font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 6pt 0pt 0pt 28.35pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The compensation of the members of the Fiscal Council is composed exclusively of a fixed monthly fee and social security contributions. The established amount is based on the responsibility and complexity inherent to the position as well as the benchmarks for the comparative market and may not be less than one tenth (10%) of the average monthly salary of the Company&#8217;s statutory executive officers.</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 6pt 0pt 0pt 28.35pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The Chairman of the Fiscal Council earns a higher amount than the other members due to the greater responsibility inherent to the position.</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 6pt 0pt 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt 0pt 6pt 53.55pt; text-align: justify; text-indent: -25.2pt;"><font style="font-family: 'times new roman', times;"><font style="color: #1f497d; font-size: 12pt; font-weight: bold; text-transform: uppercase;">2.2.3.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 7pt; line-height: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="color: #1f497d; font-size: 12pt; font-weight: bold; text-transform: uppercase;">STATUTORY EXECUTIVE OFFICERS</font></font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt 0pt 0pt 28.35pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Total Compensation (TC) of the Company&#8217;s executive officers includes:</font></p>
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<li style="font-family: Wingdings; font-size: 10pt; line-height: 150%; margin: 6pt 0pt 0pt 44.98pt; padding-left: 8.42pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'times new roman', times;"><font style="font-size: 10pt;">Base salary (BS</font><font style="font-size: 10pt;">);</font><font style="font-size: 10pt;"> </font></font></li>
<li style="font-family: Wingdings; font-size: 10pt; line-height: 150%; margin: 0pt 0pt 0pt 44.98pt; padding-left: 8.42pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'times new roman', times;"><font style="font-size: 10pt;">Short-term incentive (STI</font><font style="font-size: 10pt;">);</font></font></li>
<li style="font-family: Wingdings; font-size: 10pt; line-height: 150%; margin: 0pt 0pt 0pt 44.98pt; padding-left: 8.42pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'times new roman', times;"><font style="font-size: 10pt;">Long-term incentive (LTI</font><font style="font-size: 10pt;">);</font><font style="font-size: 10pt;"> </font></font></li>
<li style="font-family: Wingdings; font-size: 10pt; line-height: 150%; margin: 0pt 0pt 0pt 44.98pt; padding-left: 8.42pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">NOTE: the executive officers shall also enjoy complementary benefits compatible with the market.</font></li>
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<p style="margin: 0pt 0pt 6pt 21.6pt; text-align: justify;"><font style="color: #1f497d; font-family: 'times new roman', times; font-size: 12pt; font-weight: bold; text-transform: uppercase;">&nbsp;</font></p>
<p style="margin: 0pt 0pt 6pt 21.6pt; text-align: justify; text-indent: -21.6pt;"><font style="font-family: 'times new roman', times;"><font style="color: #1f497d; font-size: 12pt; font-weight: bold; text-transform: uppercase;">2.3.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 7pt; line-height: normal;">&nbsp; </font><font style="color: #1f497d; font-size: 12pt; font-weight: bold; text-transform: uppercase;"> MARKET REFERENCE</font></font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 6pt 0pt 0pt; text-align: justify;"><font style="font-family: 'times new roman', times;"><font style="font-size: 10pt;">Ultrapar</font><font style="font-size: 10pt;"> elaborates annual market surveys to analyze and establish guidelines for its practices of executive compensation. For this purpose, a selected market is considered based on the surveys of one or more specialized outside consultancies, as recommended by the People Committee (a statutory advisory committee to the Board of Directors). </font></font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 6pt 0pt 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Criteria for formation of the selected market:</font></p>
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<li style="font-family: Symbol; font-size: 10pt; line-height: 150%; margin: 6pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'times new roman', times;"><font style="font-size: 10pt;">Origin of capital: preferably domestically held, publicly traded companies and trans-national companies with material decision making power locally and/or significant representativeness in the </font><font style="font-size: 10pt;">market;</font><font style="font-size: 10pt;"> </font></font></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 150%; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'times new roman', times;"><font style="font-size: 10pt;">Size: sales comparable to </font><font style="font-size: 10pt;">Ultrapar</font><font style="font-size: 10pt;"> </font><font style="font-size: 10pt;">or</font><font style="font-size: 10pt;"> </font><font style="font-size: 10pt;">its </font><font style="font-size: 10pt;">Subsidiaries;</font><font style="font-size: 10pt;"> </font></font></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 150%; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'times new roman', times;"><font style="font-size: 10pt;">Operation: similar business model and/or </font><font style="font-size: 10pt;">operation;</font><font style="font-size: 10pt;"> </font></font></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 150%; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">HR policies and practices: companies with recognized good compensation practices.</font></li>
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<p style="font-size: 10pt; line-height: 150%; margin: 6pt 0pt 0pt; text-align: justify;"><font style="color: #4f81bd; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
<p style="font-size: 12pt; line-height: 150%; margin: 0pt 0pt 6pt 21.6pt; text-align: justify; text-indent: -21.6pt;"><font style="font-family: 'times new roman', times;"><font style="color: #1f497d; font-size: 12pt; font-weight: bold; text-transform: uppercase;">2.4.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 7pt; line-height: normal;">&nbsp; </font><font style="color: #1f497d; font-size: 12pt; font-weight: bold; text-transform: uppercase;">compensation mix</font></font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 6pt 0pt 0pt; text-align: justify;"><font style="font-family: 'times new roman', times;"><font style="font-size: 10pt;">The ideal mix of compensation components (BS, STI and LTI) must </font><font style="font-size: 10pt;">take into account</font><font style="font-size: 10pt;"> market benchmarks and best practices, in order to foster the creation of sustainable value for the Company.</font></font></p>
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<p style="margin: 0pt;"><img src="imgf0ab084a2504445c9e98.jpg" alt="Image1"></p>
<p style="font-size: 12pt; line-height: 150%; margin: 0pt 0pt 6pt 21.6pt; text-align: justify; text-indent: -21.6pt;"><font style="font-family: 'times new roman', times;"><font style="color: #1f497d; font-size: 12pt; font-weight: bold; text-transform: uppercase;">2.5.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 7pt; line-height: normal;">&nbsp; </font><font style="color: #1f497d; font-size: 12pt; font-weight: bold; text-transform: uppercase;">base salary</font></font></p>
<p style="font-size: 12pt; line-height: 150%; margin: 0pt 0pt 6pt 56.7pt; text-align: justify; text-indent: -25.25pt;"><font style="font-family: 'times new roman', times;"><font style="color: #1f497d; font-size: 12pt; font-weight: bold; text-transform: uppercase;">2.5.1.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 7pt; line-height: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="color: #1f497d; font-size: 12pt; font-weight: bold; text-transform: uppercase;">concepts and definitions</font></font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 6pt 0pt 0pt 35.4pt; text-align: justify;"><font style="font-family: 'times new roman', times;"><font style="font-size: 10pt;">The structure of </font><font style="font-size: 10pt;">Ultrapar&#8217;s</font><font style="font-size: 10pt;"> executive positions is divided into groups of positions, known as grids. These groups </font><font style="font-size: 10pt;">take into account</font><font style="font-size: 10pt;"> the complexity of the activities performed and the responsibility as a result of their positions, according to a specialized consulting firm&#8217;s job evaluation points methodology.</font></font></p>
<p style="font-size: 12pt; line-height: 115%; margin: 0pt 0pt 10pt;"><font style="color: #1f497d; font-family: 'times new roman', times; font-size: 12pt; font-weight: bold; text-transform: uppercase;">&nbsp;</font></p>
<p style="font-size: 12pt; line-height: 150%; margin: 0pt 0pt 6pt 56.7pt; text-align: justify; text-indent: -25.25pt;"><font style="font-family: 'times new roman', times;"><font style="color: #1f497d; font-size: 12pt; font-weight: bold; text-transform: uppercase;">2.5.2.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 7pt; line-height: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="color: #1f497d; font-size: 12pt; font-weight: bold; text-transform: uppercase;">Annual salary review analysis</font></font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 6pt 0pt 0pt 35.4pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">An annual survey of the reference market &#8211; described in item 2.3 &#8211; is carried out. In case of a need for salary adjustments, the issue will be examined by the People Committee for eventual submission for approval by the Board of Directors.</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 6pt 0pt 0pt 72pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="font-size: 12pt; line-height: 150%; margin: 0pt 0pt 6pt 56.7pt; text-align: justify; text-indent: -25.25pt;"><font style="font-family: 'times new roman', times;"><font style="color: #1f497d; font-size: 12pt; font-weight: bold; text-transform: uppercase;">2.5.3.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 7pt; line-height: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="color: #1f497d; font-size: 12pt; font-weight: bold; text-transform: uppercase;">participation in </font><font style="color: #1f497d; font-size: 12pt; font-weight: bold; text-transform: uppercase;">boards of </font><font style="color: #1f497d; font-size: 12pt; font-weight: bold; text-transform: uppercase;">subsidiar</font><font style="color: #1f497d; font-size: 12pt; font-weight: bold; text-transform: uppercase;">ies</font></font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 6pt 0pt 0pt 35.4pt; text-align: justify;"><font style="font-family: 'times new roman', times;"><font style="font-size: 10pt;">The participation of statutory executive officers of the Company on boards of directors or advisory boards of companies controlled by </font><font style="font-size: 10pt;">Ultrapar</font><font style="font-size: 10pt;"> or by its subsidiaries shall not translate into additional compensation.</font></font></p>
<p style="font-size: 12pt; line-height: 115%; margin: 0pt 0pt 10pt;"><font style="color: #1f497d; font-family: 'times new roman', times; font-size: 12pt; font-weight: bold; text-transform: uppercase;">&nbsp;</font></p>
<p style="font-size: 12pt; line-height: 150%; margin: 0pt 0pt 6pt 21.6pt; text-align: justify; text-indent: -21.6pt;"><font style="font-family: 'times new roman', times;"><font style="color: #1f497d; font-size: 12pt; font-weight: bold; text-transform: uppercase;">2.6.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 7pt; line-height: normal;">&nbsp; </font><font style="color: #1f497d; font-size: 12pt; font-weight: bold; text-transform: uppercase;">short-term incentives (STI)</font></font></p>
<p style="font-size: 12pt; line-height: 150%; margin: 0pt 0pt 6pt 56.7pt; text-align: justify; text-indent: -25.25pt;"><font style="font-family: 'times new roman', times;"><font style="color: #1f497d; font-size: 12pt; font-weight: bold; text-transform: uppercase;">2.6.1.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 7pt; line-height: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="color: #1f497d; font-size: 12pt; font-weight: bold; text-transform: uppercase;">concepts and definitions</font></font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 6pt 0pt 0pt 36pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The purpose of the Short-Term Incentive is to encourage the achievement of the Company&#8217;s short-term results and is directly linked to its financial and operational performance. The goals of the statutory executive officers are linked to the financial (financial goals) and operational (individual goals) performance of the Company.</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 12pt 0pt 0pt 36pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Financial goals, which must have a preponderant weighting, are based on the amounts for economic and financial results established in the Strategic Plan and Annual Budget approved by the Board of Directors.</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 6pt 0pt 0pt 35.4pt; text-align: justify;"><font style="font-family: 'times new roman', times;"><font style="font-size: 10pt;">The individual goals must be of the &#8220;SMART&#8221; (Specific, Measurable, </font><font style="font-size: 10pt;">Agreed</font><font style="font-size: 10pt;"> upon, Relevant, Time-bound) type and consistent with the strategies and objectives established in the Strategic Plan and Annual Budget approved by the Board of Directors.</font></font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 6pt 0pt 0pt 35.4pt; text-align: justify;"><font style="font-family: 'times new roman', times;"><font style="font-size: 10pt;">All executives of the Company</font><font style="font-size: 10pt;"> </font><font style="font-size: 10pt;">must have a minimum weight of 1/3 of </font><font style="font-size: 10pt;">their </font><font style="font-size: 10pt;">individual goals (or 10% of the total) related to ESG objectives.</font></font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 6pt 0pt 0pt 35.4pt; text-align: justify;"><font style="font-family: 'times new roman', times;"><font style="font-size: 10pt;">To calculate the STI, it will be used the executive officer&#8217;s base salary for the month of December, </font><font style="font-size: 10pt;">except in case of promotion, when the calculation must be </font><font style="font-size: 10pt; font-style: italic;">pro rata</font><font style="font-size: 10pt;">.</font></font></p>
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<p style="margin: 0pt;"><img src="imgf0ab084a2504445c9e98.jpg" alt="Image1"></p>
<p style="font-size: 12pt; line-height: 150%; margin: 0pt 0pt 6pt 21.6pt; text-align: justify; text-indent: -21.6pt;"><font style="font-family: 'times new roman', times;"><font style="color: #1f497d; font-size: 12pt; font-weight: bold; text-transform: uppercase;">2.7.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 7pt; line-height: normal;">&nbsp; </font><font style="color: #1f497d; font-size: 12pt; font-weight: bold; text-transform: uppercase;">long-term incentive (LTI)</font></font></p>
<p style="font-size: 12pt; line-height: 150%; margin: 0pt 0pt 6pt 56.7pt; text-align: justify; text-indent: -25.25pt;"><font style="font-family: 'times new roman', times;"><font style="color: #1f497d; font-size: 12pt; font-weight: bold; text-transform: uppercase;">2.7.1.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 7pt; line-height: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="color: #1f497d; font-size: 12pt; font-weight: bold; text-transform: uppercase;">concepts and definitions</font></font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 6pt 0pt 0pt 35.4pt; text-align: justify;"><font style="font-family: 'times new roman', times;"><font style="font-size: 10pt;">Approved by the Annual General Shareholders&#8217; Meeting held on April 19, 2017, the </font><font style="font-size: 10pt;">Long</font><font style="font-size: 10pt;">-T</font><font style="font-size: 10pt;">erm</font><font style="font-size: 10pt;"> Incentive Plan&#8217;s objective is to:</font></font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 6pt 0pt 0pt 71.4pt; text-align: justify; text-indent: -18pt;"><font style="font-family: 'times new roman', times;"><font style="font-size: 10pt;">a)</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 7pt; line-height: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-size: 10pt;">Stimulate expansion and sustainable results of the Company and the achievement of its business goals, sharing the creation of value as well as the risks inherent to the business and the capital markets, fostering the alignment of the long-term interests across shareholders, </font><font style="font-size: 10pt;">managers</font><font style="font-size: 10pt;"> and employees; and</font></font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt 0pt 0pt 71.4pt; text-align: justify; text-indent: -18pt;"><font style="font-family: 'times new roman', times;"><font style="font-size: 10pt;">b)</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 7pt; line-height: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-size: 10pt;">Reinforce the ability to attract, retain and effectively motivate highly qualified executives.</font></font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 6pt 0pt 0pt 35.4pt; text-align: justify;"><font style="font-family: 'times new roman', times;"><font style="font-size: 10pt;">The Plan provides for the annual approval of an Incentive Program based on restricted and performance shares, 50% each, on target. All </font><font style="font-size: 10pt;">Ultrapar&#8217;s</font><font style="font-size: 10pt;"> statutory executive officers are eligible to the LTI Plan.</font></font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 6pt 0pt 10pt 35.4pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The restricted and performance shares are described as:</font></p>
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<li style="font-family: Wingdings; font-size: 10pt; line-height: 150%; margin: 6pt 0pt 0pt 44.98pt; padding-left: 8.42pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'times new roman', times;"><font style="font-size: 10pt;">Restricted shares: with transfer of ownership at the end of the vesting </font><font style="font-size: 10pt;">period;</font></font></li>
<li style="font-family: Wingdings; font-size: 10pt; line-height: 150%; margin: 0pt 0pt 10pt 44.98pt; padding-left: 8.42pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Performance shares: with transfer of ownership at the end of the vesting period, conditional on meeting pre-established goals.</font></li>
</ul>
<p style="font-size: 12pt; line-height: 150%; margin: 0pt 0pt 6pt 56.7pt; text-align: justify; text-indent: -25.25pt;"><font style="font-family: 'times new roman', times;"><font style="color: #1f497d; font-size: 12pt; font-weight: bold; text-transform: uppercase;">2.7.2.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 7pt; line-height: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="color: #1f497d; font-size: 12pt; font-weight: bold; text-transform: uppercase;">composition and detailing of the lti</font></font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 6pt 0pt 0pt 35.4pt; text-align: justify;"><font style="font-family: 'times new roman', times;"><font style="font-size: 10pt;">((Base salary of the executive officer in the grant month X salary multiple) &#8211; Income Tax) &#247; Share price (average for the last 30 trading days) = Quantity of shares granted </font><font style="font-size: 10pt;">The</font><font style="font-size: 10pt;"> result of the calculation, on target, is distributed across the restricted shares and performance shares, considering:</font></font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 6pt 0pt 0pt 35.4pt; text-align: justify;"><font style="font-family: 'times new roman', times;"><font style="font-size: 10pt; font-weight: bold;">Restrict</font><font style="font-size: 10pt; font-weight: bold;">ed Shares</font><font style="font-size: 10pt; font-weight: bold;">:</font></font></p>
<ul type="circle" style="margin: 0pt; padding-left: 0pt;">
<li style="font-family: 'Courier New'; font-size: 10pt; line-height: 150%; margin: 6pt 0pt 0pt 65pt; padding-left: 7pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'times new roman', times;"><font style="font-size: 10pt;">50% of the shares resulting from the aforementioned calculation </font><font style="font-size: 10pt;">formula;</font></font></li>
<li style="font-family: 'Courier New'; font-size: 10pt; line-height: 150%; margin: 0pt 0pt 0pt 65pt; padding-left: 7pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'times new roman', times;"><font style="font-size: 10pt;">Frequency of annual </font><font style="font-size: 10pt;">concession;</font></font></li>
<li style="font-family: 'Courier New'; font-size: 10pt; line-height: 150%; margin: 0pt 0pt 0pt 65pt; padding-left: 7pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'times new roman', times;"><font style="font-size: 10pt;">Grace period for transfer of ownership of the shares (vesting): 3 </font><font style="font-size: 10pt;">years;</font><font style="font-size: 10pt;"> </font></font></li>
<li style="font-family: 'Courier New'; font-size: 10pt; line-height: 150%; margin: 0pt 0pt 10pt 65pt; padding-left: 7pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">There will not be payment of dividends between the stock&#8217;s concession and vesting dates.</font></li>
</ul>
<p style="font-size: 10pt; line-height: 150%; margin: 6pt 0pt 0pt 35.4pt; text-align: justify;"><font style="font-family: 'times new roman', times;"><font style="font-size: 10pt; font-weight: bold;">Performance</font><font style="font-size: 10pt; font-weight: bold;"> Shares</font><font style="font-size: 10pt; font-weight: bold;">:</font></font></p>
<ul type="circle" style="margin: 0pt; padding-left: 0pt;">
<li style="font-family: 'Courier New'; font-size: 10pt; line-height: 150%; margin: 6pt 0pt 0pt 65pt; padding-left: 7pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'times new roman', times;"><font style="font-size: 10pt;">50% of the shares resulting from the aforementioned calculation </font><font style="font-size: 10pt;">formula;</font><font style="font-size: 10pt;"> </font></font></li>
<li style="font-family: 'Courier New'; font-size: 10pt; line-height: 150%; margin: 0pt 0pt 0pt 65pt; padding-left: 7pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'times new roman', times;"><font style="font-size: 10pt;">Frequency of annual </font><font style="font-size: 10pt;">concession;</font><font style="font-size: 10pt;"> </font></font></li>
<li style="font-family: 'Courier New'; font-size: 10pt; line-height: 150%; margin: 0pt 0pt 0pt 65pt; padding-left: 7pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'times new roman', times;"><font style="font-size: 10pt;">The performance indicator should be determined on the basis of the Strategic Plan approved by the Board of </font><font style="font-size: 10pt;">Directors;</font><font style="font-size: 10pt;"> </font></font></li>
<li style="font-family: 'Courier New'; font-size: 10pt; line-height: 150%; margin: 0pt 0pt 0pt 65pt; padding-left: 7pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'times new roman', times;"><font style="font-size: 10pt;">Grace period for transfer of ownership of the shares (vesting), if the performance goals pre-stablished are achieved: 3 </font><font style="font-size: 10pt;">years;</font><font style="font-size: 10pt;"> </font></font></li>
<li style="font-family: 'Courier New'; font-size: 10pt; line-height: 150%; margin: 0pt 0pt 10pt 65pt; padding-left: 7pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">There will not be payment of dividends between the stock&#8217;s concession and vesting dates.</font></li>
</ul>
<p style="font-size: 10pt; line-height: 150%; margin: 6pt 0pt 0pt 36pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The Long-Term Incentive contracts must contain a malus clause, providing for the retention of unvested shares in case fraud or material errors are found in the financial statements that have improperly benefited the executive.</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Open Sans'; font-size: 10pt;">&nbsp;</font></p>
</div>
<div>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>201</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<br></div>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0pt;"><img src="imgf0ab084a2504445c9e98.jpg" alt="Image1"></p>
<p style="font-size: 12pt; line-height: 150%; margin: 0pt 0pt 6pt 56.7pt; text-align: justify; text-indent: -25.25pt;"><font style="font-family: 'times new roman', times;"><font style="color: #1f497d; font-size: 12pt; font-weight: bold; text-transform: uppercase;">2.7.3.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 7pt; line-height: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="color: #1f497d; font-size: 12pt; font-weight: bold; text-transform: uppercase;">w</font><font style="color: #1f497d; font-size: 12pt; font-weight: bold; text-transform: uppercase;">ITH</font><font style="color: #1f497d; font-size: 12pt; font-weight: bold; text-transform: uppercase;">drawal</font><font style="color: #1f497d; font-size: 12pt; font-weight: bold; text-transform: uppercase;"> rules</font></font></p>
<ul type="square" style="margin: 0pt; padding-left: 0pt;">
<li style="font-family: Wingdings; font-size: 10pt; line-height: 150%; margin: 6pt 0pt 0pt 44.98pt; padding-left: 8.42pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'times new roman', times;"><font style="font-size: 10pt;">Request to </font><font style="font-size: 10pt;">resign:</font><font style="font-size: 10pt;"> </font><font style="font-size: 10pt;">loss of rights to still unvested shares; </font></font></li>
<li style="font-family: Wingdings; font-size: 10pt; line-height: 150%; margin: 0pt 0pt 0pt 44.98pt; padding-left: 8.42pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'times new roman', times;"><font style="font-size: 10pt;">Dismissal with cause or motivated by ethical reasons, as determined by the Conduct Committee: loss of rights to unvested </font><font style="font-size: 10pt;">shares;</font></font></li>
<li style="font-family: Wingdings; font-size: 10pt; line-height: 150%; margin: 0pt 0pt 0pt 44.98pt; padding-left: 8.42pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Retirement or dismissal without cause: </font></li>
<li style="font-family: Wingdings; font-size: 10pt; line-height: 150%; margin: 0pt 0pt 0pt 81.98pt; padding-left: 8.42pt; text-align: justify; text-indent: 1pt;"><font style="font-family: 'times new roman', times;"><font style="font-size: 10pt;">Restricted shares: anticipated vesting, </font><font style="font-size: 10pt; font-style: italic;">pro rata </font><font style="font-size: 10pt; font-style: italic;">temporis</font><font style="font-size: 10pt;"> for the period </font><font style="font-size: 10pt;">worked;</font></font></li>
<li style="font-family: Wingdings; font-size: 10pt; line-height: 150%; margin: 0pt 0pt 0pt 81.98pt; padding-left: 8.42pt; text-align: justify; text-indent: 1pt;"><font style="font-family: 'times new roman', times;"><font style="font-size: 10pt;">Performance shares: vesting, </font><font style="font-size: 10pt; font-style: italic;">pro rata </font><font style="font-size: 10pt; font-style: italic;">temporis</font><font style="font-size: 10pt;">, for the period worked, subject to the terms and performance goals previously </font><font style="font-size: 10pt;">established;&nbsp;</font></font></li>
</ul>
<p style="font-size: 10pt; line-height: 150%; margin: 6pt 0pt 0pt 54pt; text-align: justify;"><font style="font-family: 'times new roman', times;"><font style="font-size: 10pt;">The People Committee</font><font style="font-size: 10pt;"> </font><font style="font-size: 10pt;">might</font><font style="font-size: 10pt;"> </font><font style="font-size: 10pt;">approve, on an exceptional basis and only in cases of retirement, the full vesting of shares granted and not yet transferred (unvested) to executives.</font></font></p>
<ul type="square" style="margin: 0pt; padding-left: 0pt;">
<li style="font-family: Wingdings; font-size: 10pt; line-height: 150%; margin: 6pt 0pt 0pt 45.58pt; padding-left: 8.42pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'times new roman', times;"><font style="font-size: 10pt;">Dissolution or reorganization of the Company, that results in change of control of the Company: anticipated vesting and transfer of total of the restricted shares and performance shares (considering the target of the performance goals</font><font style="font-size: 10pt;">);</font></font></li>
<li style="font-family: Wingdings; font-size: 10pt; line-height: 150%; margin: 0pt 0pt 0pt 45.58pt; padding-left: 8.42pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Decease or retirement for incapacity: anticipated vesting and transfer of the total number of restricted shares and performance shares (considering the target of the performance goals) shares to the participant or the estate, as appropriate.</font></li>
</ul>
<p style="margin: 0pt 0pt 0pt 18pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<ol start="3" type="1" style="margin: 0pt; padding-left: 0pt;">
<li style="color: #1f497d; font-family: 'Open Sans'; font-size: 12pt; font-weight: bold; line-height: 150%; margin: 0pt 0pt 6pt 14pt; padding-left: 4pt; text-align: justify; text-indent: 0pt; text-transform: uppercase;"><font style="color: #1f497d; font-family: 'times new roman', times; font-size: 12pt; font-weight: bold; text-transform: uppercase;">governance</font></li>
</ol>
<p style="font-size: 10pt; line-height: 150%; margin: 6pt 0pt 0pt 35.4pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">It is incumbent on the People Committee, set forth in the Company&#8217;s Bylaws, to supervise the implementation of the Corporate Executive Compensation Policy.</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 6pt 0pt 0pt 35.4pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The Committee shall periodically evaluate this Policy for its effectiveness and compliance with the principles established herein, submitting proposals for adjustments and improvements for approval of the Board of Directors.</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 6pt 0pt 0pt 35.4pt; text-align: justify;"><font style="font-family: 'times new roman', times;"><font style="font-size: 10pt;">This revision of the Policy will apply to remuneration that will be awarded in year of 2022</font><font style="font-size: 10pt;"> onwards</font><font style="font-size: 10pt;">. </font><font style="font-size: 10pt;">Therefore, t</font><font style="font-size: 10pt;">he conditions of the existing contracts remain unchanged.</font></font></p>
<p style="margin: 0pt;"><font style="font-family: Calibri; font-size: 11pt;">&nbsp;</font></p>
</div>
<div>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>202</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<br></div>
<p><br></p>
</div><div style="font-family: 'times new roman', times; font-size: 10pt;">
<div style="width: 8.5in; margin: 0 auto;">
<p style="font-size: 13pt; line-height: 115%; margin: 0pt 0pt 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">SIGNATURES</font></p>
<p style="font-size: 10pt; line-height: 115%; margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.</font></p>
<p style="font-size: 10pt; line-height: 115%; margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Date: February 23, 2022&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></p>
<table style="height: 68px; width: 59.9131%; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt;">

<tr style="height: 17px;">
<td style="height: 17px; width: 25.4296%;"><br></td>
<td style="height: 17px; width: 84.4851%;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 47.2px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">ULTRAPAR HOLDINGS INC.</font></td>
</tr>
<tr style="height: 17px;">
<td style="height: 17px; width: 25.4296%;"><br></td>
<td style="border-bottom: 1pt solid #000000; height: 17px; width: 84.4851%;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">By: /s/ Rodrigo de Almeida<font>&nbsp;</font></font>Pizzinatto</td>
</tr>
<tr style="height: 17px;">
<td style="height: 17px; width: 25.4296%;"><br></td>
<td style="height: 17px; width: 84.4851%;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 47.2px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Name: Rodrigo de Almeida<font>&nbsp;</font></font>Pizzinatto</td>
</tr>
<tr style="height: 17px;">
<td style="height: 17px; width: 25.4296%;"><br></td>
<td style="height: 17px; width: 84.4851%;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 47.2px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Title: Chief Financial and Investor Relations Officer</font></td>
</tr>

</table>
<p style="font-size: 9pt; line-height: 115%; margin: 0pt 0pt 10pt;"><br></p>
<p style="margin: 0cm 0cm 10pt; line-height: 115%; font-size: 11pt; font-family: Calibri, 'sans-serif';"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;"><i><font lang="EN-US" style="line-height: 115%;">(Parent&#8217;s Separate and Consolidated Financial Statements for the Year Ended December 31, 2021 and Report on Review of Financial Information, 4Q21 and 2021 Earnings Release, Minutes of the Meeting of the Board of Directors of Ultrapar Participa&#231;&#245;es S.A., held on February 23, 2022, Notice to shareholders and Corporate Executive Compensation Policy)</font></i></font><i><font lang="EN-US" style="font-size: 9.0pt; line-height: 115%; font-family: 'Century Gothic','sans-serif'; mso-ansi-language: EN-US;"></font></i></p>
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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
